Lift Up Down

// ============================================================
// Lift Up Down
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Breakout
// Direction: Long & short
// Timeframe tested: 4 hours
// ============================================================

// --- Settings ---
DEFPARAM CumulateOrders = false

// --- Parameters ---
startingCapital = 10000   // account size used for sizing
riskFraction = 0.01       // share of capital risked per trade
sizingStopPoints = 10     // stop distance assumed when sizing, in points
longTrendPeriod = 14      // SMA length that longs must close above
shortTrendPeriod = 9      // SMA length that shorts must close below
maxTradesPerDay = 2       // entries per side per day
noLongDay = 5             // no longs on this day of week (5 = Friday)
shortDayLimit = 3         // shorts only on days of week below this (Monday, Tuesday)
longStopPoints = 50       // stop on longs, in points
longTargetPoints = 130    // target on longs, in points
shortStopPoints = 90      // stop on shorts, in points
shortTargetPoints = 30    // target on shorts, in points

// --- Indicators ---
// Size is fixed once on the first bar from capital, risk and the sizing stop.
ONCE equity = startingCapital + StrategyProfit
ONCE maxRisk = round(equity * riskFraction)
ONCE positionSize = abs(round((maxRisk / sizingStopPoints) / PointValue) * PipSize)

// Daily trade counters reset on the first bar of the day.
IF IntradayBarIndex = 0 THEN
  longTradeCount = 0
  shortTradeCount = 0
ENDIF

longTrendMA = Average[longTrendPeriod](close)
shortTrendMA = Average[shortTrendPeriod](close)