Australian (ASX) Stock Market Forum

Amibroker code for specific breakout strategy

Good evening..long time no see. Can anyone test the syntax of this code for me?


Code:
// Set the account equity and stop loss percentage
equity = 250000;
stopLossPercent = 1;

// Define the chart patterns and their breakout signals
headAndShoulders = (Ref(high, 1) < Ref(high, 2)) and (Ref(high, 2) > Ref(high, 3)) and (Ref(low, 1) > Ref(low, 2)) and (Ref(low, 2) < Ref(low, 3));
doubleTop = (Ref(high, 1) < Ref(high, 2)) and (Ref(high, 2) > Ref(high, 3)) and (Ref(high, 3) < Ref(high, 4)) and (Ref(high, 4) > Ref(high, 5));
doubleBottom = (Ref(low, 1) > Ref(low, 2)) and (Ref(low, 2) < Ref(low, 3)) and (Ref(low, 3) > Ref(low, 4)) and (Ref(low, 4) < Ref(low, 5));
ascendingTriangle = (Ref(low, 1) > Ref(low, 2)) and (Ref(low, 2) > Ref(low, 3)) and (Ref(low, 3) > Ref(low, 4)) and (Ref(high, 1) < Ref(high, 2)) and (Ref(high, 2) < Ref(high, 3)) and (Ref(high, 3) < Ref(high, 4));
descendingTriangle = (Ref(high, 1) < Ref(high, 2)) and (Ref(high, 2) < Ref(high, 3)) and (Ref(high, 3) < Ref(high, 4)) and (Ref(low, 1) > Ref(low, 2)) and (Ref(low, 2) > Ref(low, 3)) and (Ref(low, 3) > Ref(low, 4));
flag = (Ref(high, 1) < Ref(high, 2)) and (Ref(high, 2) < Ref(high, 3)) and (Ref(high, 3) < Ref(high, 4)) and (Ref(low, 1) > Ref(low, 2)) and (Ref(low, 2) > Ref(low, 3)) and (Ref(low, 3) > Ref(low, 4));
pennant = (Ref(high, 1) > Ref(high, 2)) and (Ref(high, 2) > Ref(high, 3)) and (Ref(high, 3) > Ref(high, 4)) and (Ref(low, 1) < Ref(low, 2)) and (Ref(low, 2) < Ref(low, 3)) and (Ref(low, 3) < Ref(low, 4));

// Set the stop loss and target
stopLoss = equity * stopLossPercent / 100;
target = ATR(14);

// Buy on a breakout
if (headAndShoulders or doubleTop or doubleBottom or ascendingTriangle or descendingTriangle or flag or pennant)
    Buy(stopLoss, target, TrailingStop(4));
 
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