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