Strategies / Pattern / Equal Highs And Lows Pattern

Equal Highs And Lows Pattern

Buys when the two prior bars share an equal low and the current low rises, and sells short on the equal-high mirror. Each trade sets a stop just beyond the equal price and a target 5 times the stop distance.

PatternLong & shortSwingUSD/JPYDaily

2.63Profit factor

20,750Net profit USD

23.53%Win rate

136Trades

-1,620Max drawdown

153Avg trade

Best run of 4. USD/JPY, Daily, spread 1, from run pf:2026-10-12-USDJPY-D.tsv:4.

Entry rules, long

A long is bought only when no position is open. Entries are checked only after bar 14.

Entry rules, short

A short is sold only when no position is open. If both long and short conditions fire on one bar, the short takes priority.

Exit rules

A short has a stop a tick above the equal high, and a target 5 times the stop distance below entry.

Test conditions

Period	Up to 2026-10-12
Instrument	USD/JPY, Daily
Spread	1 points
Starting capital	1,000,000
Costs	Spread only. Commissions and overnight financing are not included.
Bars	Up to 200,000 bars, fewer where the instrument has less history
Last tested	2026-10-12

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
USD/JPYBest run	Daily	2.63	136	23.53	20,750 USD	-1,620
Silver	4 hours	n/a	365	16.71	7,048 USD	-6,639
S&P 500	4 hours	n/a	524	13.36	828 EUR	-708
Gold	Daily	n/a	146	17.12	508 EUR	-225

Charts

Results by run

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Equal Highs And Lows Pattern
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Pattern
// Direction: Long & short
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false

myAtr = AverageTrueRange[14](close)

17 more lines: the entry and exit rules.

Setup

How to load it

Copy the code with the copy button on the code block.
In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
Paste the code, give the system a name and save it.
Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Read this firstKnown weaknesses2 points

Results include the spread only. Commissions and overnight financing are not included.
The code is published as it was backtested and has not been compiled again since.

Questions

About this strategy

Can I run Equal Highs And Lows Pattern in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 4 market and timeframe combinations. The best run was USD/JPY, Daily, with a profit factor of 2.63 over 136 trades.

How large was the drawdown?

The best run had a maximum drawdown of 1,620 USD at the tested position size, against a net result of 20,750 USD.

Does it trade long, short or both?

It trades both long and short.

Trend Surfer

Best run on the same market, USD/JPY.

1.04 PF · 10,813 trades

Navigator

Also a pattern strategy.

2.93 PF · 181 trades

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Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.com Stats Docs