Breakout Trading Amibroker - Aussie Stock Forums

Hi All,

I've been following Alan Hull books and so far managed to get his ROAR, MMA formulas for Amibroker. Does anyone managed to code/ get his breakout trading strategy formulas? He has the metastock ones written on his book 'Trade my way'.

Any help is much appreciated.

2. ## Re: Breakout Trading Amibroker

Originally Posted by lienshi
Hi All,

I've been following Alan Hull books and so far managed to get his ROAR, MMA formulas for Amibroker. Does anyone managed to code/ get his breakout trading strategy formulas? He has the metastock ones written on his book 'Trade my way'.

Any help is much appreciated.
What is the metastock formula?

3. ## Re: Breakout Trading Amibroker

Hi, heres the appendix formula I typed

Breakout to the upside

Volatility measure = close of breakout candle is above the previous candle by more than half the ATR(17)

Close>(Ref(Close,-1)+(0.5*ATR(17)))

Closing price position = close of breakout candle is above its midpoint

Close>(Low+((H-L)*0.5))

MACD measure = at the breakout, the MACD line is above its signal line and rising

MACD()>Ref(MACD(),-1) AND MACD()>Mov (MACD(),9,E)

Closing price magnitude = close of the breakout candle is greater than 20 cents to help ensure there is sufficient liquidity

Close>0.2 (this will depend on what unit your price data uses)

Trailing stop loss = displacement of 2 times ATR(17) below the highest high during the trading. include a satement to ensure the trailing stop loss only rises during the trade

Displacement:=HHV(HIGH-(2*ATR(17)),5);

Stop:=If(Ref(CLOSE,-1)>PREV AND Displacement<PREV,PREV,Displacement);

{Plot the Stop Loss}

Stop;

Entry limit = 2.5XATR(17) above the trailing stop loss at the breakout only

Limit:=Stop +(2.5*ATR(17));

Breakout to the downside

Volatility measure = close elf breakout candle is below the previous candle by more than half the ATR(17)

Close<(Ref(Close,-1)-(0.5*ATR(17)))

Closing price position = close of breakout candle is below its midpoint

Close<(High - ((H-L)*0.5))

MACD measure = at the breakout, the MACD line is below its signal line and falling

MACD ()<Ref (MACD(),-1) AND MACD()<Mov (MACD(),9,E)

Closing price magnitude = close of the breakout candle is greater than \$1 to help ensure there is still enough room above zero for the price to continue falling for a reasonable period

Close>1 (this will depend on what unit your price data uses)

Trailing stop loss = displacement of 2XATR(17) above the lowest low during the trading. include a statement to ensure the trailing stop loss only falls during the trade

Displacement:=LLV(LOW+2*ATR(17)),5);

Stop:=If(Ref(CLOSE,-1)<PREV AND Displacement>PREV,PREV,Displacement);

{Plot the Stop Loss}

Stop;

Entry limit =2.5 XATR(17) below the trailing stop loss at the breakout only

Limit:=Stop-(2.5*ATR(17));

Thanks