Amibroker AFL coding for trading system

Trading Rules

The system should preferably be designed in Amibroker AFL language. If you think that is not possible, then suggest any other platform like tradestation or metastock. However, Metatrader is not acceptable.

Only one trade at a time. Only Long trades. User defines two variables X and Y. Here X is used for trade entry as well as exit. Y is used to determine lot size.

Simple Donchian channel breakout trading system. Trades are entered through a buy stop order and exited by a trailing stop loss.

The user defines the number of bars to be counted. The number is called X. A buy stop order is placed at the beginning of the trade with entry level at the highest high among the last X bars. The Stop loss is set at the lowest low among the last X bars.

At the close of every candle, if the buy stop order is not executed, the buy stop order is modified so that the entry price is the highest high among the last X number of bars with stop loss at the lowest low among the X number of bars.

IF the buy stop order is executed, the stop loss of the opened trade is modified at the close of every bar to the lowest low of the last X bars.

when the trade is closed, a new buy stop order is placed with same rules.

The lot size is determined in such a way so that a fixed percentage of equity is at risk at every trade. For example, if the user has set the risk at 20 (Here, Y=20) and he has 1000 dollars of equity at the close of a trade, the next buy stop order should be set in such a way so that the maximum possible loss in that trade is less than or equal to 200 dollars. At the close of every bar, if no trade is open, the buy stop order should be modified with new entry price, new stop loss level and new lot size that translates to risking user defined percentage of equity.

This system will be used in forex trading.

Finanças Mercado Financeiro Metatrader

ID do Projeto: #1343948

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