BasicHiLoLimit by thodder


Basic HiLoLimit Trader developed by DrKoch for WL4. Ported to C# by thodder. AutoStop logic created by Dave Aronow pulled from Wiki site.

The HiLoLimit indicator has no lag. The resulting trading system presented here has a very good Win/Loss ratio, usually around 70% to 80% for stocks. This results in fairly decent Kelly values which in turn suggest a high percentage of your capital to invest. And this will boost profits of course.

There are a few parameters to play with.
period - number of bars to look back for Highest/Lowest
hilo_level - distance of limit line below lowest.
profit_target - profit target in percent.
timeout - a trade is closed after this number of bars (if profit target was not hit before).

green Line - Highest price of the last lookback_period bars.
blue line - lowest price of the last lookback_period bars.
light red line - limit from HiLoLimit. This is hilo_level below lowest.
red line - limit prices for BuyAtLimit() orders.


This strategy requires libraries Community.Indicators and Community.Components.

Author: thodder
Category: Dip Buyers
Creation Date: 9/28/2009
Licence: Freeware
Availability: Globally
Instructions for Script Download
  1. In Wealth-Lab client software, open the Strategy Explorer (Ctrl+O)
  2. Click the "Download..." button
  3. Click "Begin Download"
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