HLines Support/Resistance Strategy
A strategy that trades bounces from HLine support and resistance levels. Long entries when price is above a newly spawned HLine, short entries when price is below. HLine pivot string used is S2,R2;R2,S2. This means that each HLine that has been calculated has acted as support AND resistance in the past. This is to improve the overall structure of the market when trades are entered.
Symbols:
GBPUSD H1
Created 29 Dec 24
Header
General GBPUSD H1
HLines Support/Resistance Strategy
A strategy that trades bounces from HLine support and resistance levels. Long entries when price is above a newly spawned HLine, short entries when price is below. HLine pivot string used is S2,R2;R2,S2. This means that each HLine that has been calculated has acted as support AND resistance in the past. This is to improve the overall structure of the market when trades are entered.
AI
hlines-strategy.set
GBPUSD H1
true
Claude
Scripts
Signal('HLines1') > 0 && Open(1) > HLines1(1,0) && Close(1) > HLines1(1,0) ? Ask() : 0
Ask() - (ATR1(1) * VAR0)
OrderPrice() + (VAR1 * Point)
Signal('HLines1') > 0 && Open(1) < HLines1(1,0) && Close(1) < HLines1(1,0) ? Bid() : 0
Bid() + (ATR1(1) * VAR0)
OrderPrice() - (VAR1 * Point)
Exit Management
false
Custom Indicators
+NTL\ATR(1,14).ex5,0
+NTL\HLines(1,'',480,64,'S2,R2;R2,S2',15,0,0.3,100).ex5,0,1
User Variables
5;1,2,3,4,5,6,7,8,9,10
500;100,200,300,400,500,600,700,800,900,1000,1100,1200,1300,1400,1500
Backtesting & Optimisation
100000.00
500
13
