Breakout Failures: vedder mot brudd i 8-bars kanal

// ============================================================
// Breakout Failures
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long & short
// Timeframe tested: 15 minutes
// ============================================================

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

// --- Parameters ---
positionSize = 1             // contracts per trade
channelPeriod = 8            // channel length
atrPeriod = 12               // ATR length for target and flip distance
targetAtrMultiplier = 15     // profit target in ATRs
flipAtrMultiplier = 10       // adverse move in ATRs that flips the position

ONCE flipDistance = 0        // read one bar before it is recalculated, see Exit rules

// --- Indicators ---
// Channel lines are the previous bar's highest high / lowest low.
channelHigh = Highest[channelPeriod](high)
channelLow = Lowest[channelPeriod](low)
upperBand = channelHigh[1]
lowerBand = channelLow[1]
channelReady = BarIndex > channelPeriod + 1
atrValue = AverageTrueRange[atrPeriod](close)