N-day high/low breakout strategy N-day breakout looks for new highs or lows over the given period. Entries occur when price pierces the latest N-day high or low, anticipating momentum. A moving-average filter and percentage stop manage exits.
By waiting for the prior extreme to break, the system attempts to catch the start of a directional move. Filtering by a trend-following average helps avoid false signals that arise during consolidation.
- Entry Criteria: Signals based on MA.
- Long/Short: Both directions.
- Exit Criteria: Opposite signal or stop.
- Stops: Yes.
- Default Values:
- LookbackPeriod = 20
- MaPeriod = 20
- StopLossPercent = 2.0m
- CandleType = TimeSpan.FromDays(1)
- Filters:
- Category: Breakout
- Direction: Both
- Indicators: MA
- Stops: Yes
- Complexity: Basic
- Timeframe: Daily
- Seasonality: No
- Neural Networks: No
- Divergence: No
- Risk Level: Medium