Right way for Candle Break-Out..?
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Hello, I want to program a candle break-out. I saw that there are several options. In the back test, however, everyone had different results.
Condition // Ask Price x> Candle (1) High
Condition // Candle (0) Close x> Candle (1) High
Price x> Indicator // Price x> Candle (1) Highhttps://fxdreema.com/shared/krE9fqpjd
Which variant is the right way? Or are they all incorrect?
It would be nice if someone can help me ...
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@jjot
Case 1 : Adds the spread
Case 2 : Doesn't add the spread
Case 3 : Doesn't add the spread, adds a minimum turnover
None is right or wrong, but if you are looking for long term profitability, you need to go further. -
@seb-0 Ok, thank you! In the backtest I noticed that this settings do not always give correct results with trying to open a trade when the "Current Price" crosses above/below the previous Candle "High/Low" prices. The buy orders are not always executed at the correct point and Break-Outs are sometimes not executed as an order.
Have you noticed the same thing?
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@jjot
Orders are executed at the point the settings are defining. Each case open trades at different point.