The books... not free though
While flat, the system places a buy stop 5 points above the 10-bar high and a sell stop 5 points below the 10-bar low. Orders last one bar and are renewed each bar. Trades take a 10 point profit or a 60 point loss.
Best run of 6. Dow Jones, 4 hours, spread 3, from run pf:2026-09-15-DOW30-4h.tsv:2.
| Period | Up to 2026-09-15 |
| Instrument | Dow Jones, 4 hours |
| Spread | 3 points |
| Contracts | 1 |
| 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 | 2026-09-15 |
| positionSize Contracts per trade | 1 |
| stopLossPoints Protective stop in points | 60 |
| takeProfitPoints Profit target in points | 10 |
| lookbackPeriod Bars for the range high and low | 10 |
| entryOffsetPoints Distance of the stop orders beyond the range, in points | 5 |
| warmupMultiplier Bars to wait before trading, as a multiple of lookbackPeriod | 2 |
Every run
| Market | Timeframe | PF | Trades | Win % | Net | Max DD |
|---|---|---|---|---|---|---|
| Dow JonesBest run | 4 hours | 1.64 | 808 | 90.84 | 2,867 EUR | -310 |
| GBP/USD | Daily | 1.63 | 1,023 | 90.91 | 3,604 USD | -310 |
| USD/JPY | Daily | 1.49 | 969 | 89.99 | 286,150 JPY | -46,000 |
| DAX 40 | Daily | 1.33 | 867 | 89.04 | 1,933 EUR | -381 |
| EUR/USD | Daily | 1.15 | 962 | 87.32 | 10,854 USD | -5,993 |
| USD/JPY | 4 hours | 1.14 | 2,313 | 87.25 | 251,420 JPY | -66,380 |
Charts
Above 1.0 made money, below 1.0 lost money.
The code
// ============================================================ // Range Breakout Pending // ProRealAlgos Strategy Library | prorealalgos.com // Type: Breakout // Direction: Long & short // Timeframe tested: 4 hours // ============================================================ // --- Settings --- DEFPARAM CumulateOrders = false DEFPARAM PreloadBars = 1000 // --- Parameters --- positionSize = 1 // contracts per trade stopLossPoints = 60 // protective stop in points takeProfitPoints = 10 // profit target in points lookbackPeriod = 10 // bars for the highest high / lowest low entryOffsetPoints = 5 // stop orders sit this many points beyond the range warmupMultiplier = 2 // wait lookbackPeriod times this many bars before trading // --- Indicators --- channelHigh = Highest[lookbackPeriod](high) channelLow = Lowest[lookbackPeriod](low) warmedUp = BarIndex >= lookbackPeriod * warmupMultiplier barsSinceTrade = BarIndex - TradeIndex(1)
13 more lines: the entry and exit rules.
Setup
Questions
Yes. Pending stop orders are supported in ProOrder, and the code renews them every bar while flat.
Dow Jones 4 hours made 2,867.40 EUR over 808 trades. GBP/USD Daily, USD/JPY Daily, DAX 40 Daily, EUR/USD Daily and USD/JPY 4 hours were also positive.
Every loss is capped at 60 points. With 1 contract and a 3 point spread, the Dow Jones 4 hour run had a max drawdown of 310 EUR.
A 10 point target is small compared with the swing on slow bars, which is why the win rate is high there. On faster charts the spread would take a larger share.
Related
Copy trading on US indices is available to ProRealAlgos members as spots open.
