Ken Calhoun’s article in this issue, “ADX Breakouts,” presents a strategy to trade high-volatility breakouts. The ELD filename is “TASC_MAR2016.ELD.”įor more information about EasyLanguage in general, please see. The code from this article can be found at. To download this EasyLanguage code, please visit our TradeStation and EasyLanguage support forum. If BarType >= 2 and BarType = VolumeAverage * VolumeMultiplier īuy next bar at Close + BreakOutOffset Stop Intrabarpersist double BreakOutOffset( 0 ) ĪddTicksForBreakOut * MinMove / PriceScale Following is the TradeStation code for the ADX breakout strategy. There are several built-in trailing stop strategies included with the TradeStation platform that the trader can test with the ADX breakout strategy. Calhoun also suggests using a trailing stop with his system. We have included in the strategy the optional ability to require a corresponding volume breakout. The author suggests that when the ADX breaks above a value of 40, there is an especially strong breakout in progress. Welles Wilder’s average directional index (ADX) indicator. In “ADX Breakouts” in this issue, author Ken Calhoun presents a momentum breakout system based on J.
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