Hi! Need help!

Hi friends.

I'm a trader from Brazil, and it's very nice to start talking with people overseas.

I'm trying to program a system to use at system tester.

I'd like to buy at the breakout of the of the first hour high or sell at the breakout of the first hour low . The target will be at 300 points on each direction. Stop at the high or low of the first hour.

The idea is just daytrading.

Does anyone knows how I can program this?

Thanks very much!

Daniel

Hi Daniel, Welcome to the forum.
The strategy that you are mentioning is one of the most talked about daytrading strategy - 1st hour breakout. It works well on trend-days, but will work poorly on sideway rangebound days. So it is important that u decide on when to use this strategy and when to just keep it on side.

Regarding programming it, it depends on what charting platfrom you are using. E-signal, Metastock, Amibroker, MT4, Ninjatrader, Tradestation etc. Each charting platform has their own programming language and hence you will have to use that language to develop your system.
If you search the net, then most likely you will find the code written by someone for your charting platform.

Hope this helps.
Happy trading

Thanks AW10!

You're totally right, this strategy only works on trend markets. And I forgot to say that I would like to program it at Metastock.

Thank you very much again!