Pick and choose

This system skips all trades for which the exit point is more than DollarRiskPerTrade. This is one methodology that allows smaller traders to trade a portfolio-based system with lower drawdowns.

 

Sub ChannelBreakSmallBall(EntLen,XLen,DollarRiskPerTrade)

 

Dim EHighPrice

Dim ELowPrice

Dim XHighPrice

Dim XLowPrice

Dim MinMove

Dim Risk

 

MinMove = GetActiveMinMove()

EHighPrice = Highest(High,EntLen,0)

ELowPrice = Lowest(Low,EntLen,0)

XHighPrice = Highest(High,XLen,0)

XLowPrice = Lowest(Low,XLen,0)

 

If Bigpointvalue * Max((EHighPrice-XLowPrice),(XHighPrice-ELowPrice)) < DollarRiskPerTrade 

Then 

Buy (“BuyBrk”,1,EHighPrice+MinMove,Stop,Day)

Sell(“SellBrk”,1,ELowPrice-MinMove,Stop,Day)

End If 

 

ExitLongallpos(“XBuyBrk”,”BuyBrk”,XLowPrice-MinMove,Stop,Day)

ExitShortallpos(“XSellBrk”,”SellBrk”,XHighPrice+MinMove,Stop,Day)

 

End Sub