Volatility Breakout System

[kefli]

Has anyone written a volatility breakout system for E-signal that they would be willing to share? I'm hopeless at coding. Thanks.

[kefli]

Volatility breakout system

Here's an example from the TradeStationWorld site of a publicly posted system. I'm looking for a simple, mechanical system that takes frequent but small profits. I'm trading the ES. Perhaps this is a way to start.

Here's the details from their site (but I think the variables should be changeable because I don't know what factors would work on this market):

Feature Poll Description:
Strategy Name: VoltyExpansion LE, VoltyExpansion SE
Screen Name: TradeStation Technologies
Study Type: Strategy: Component
Time Frame: Swing Trading
Date Posted: 07/05/2002
Categories: Momentum
Description: Volatility Expansion Strategy. Looks for days where the market moves significantly from the opening price, and plays the momentum of the market in the next few days.

Long Entry Code:
input: LMult(1.2), ProfitPt(0);
vars: BuyLevel(0);

{ Entry Order }
Buy Next Bar at Open next bar + Average(Range,4) * LMult stop;

{ Exit at first Profitable Open }
if MarketPosition = 1 and Open next bar >
EntryPrice + ProfitPt + Commission * CurrentContracts / BigPointValue then
Sell ("Long Profit")next bar at Open;

{ Stale Position Exit }
if BarsSinceEntry > 4 AND PositionProfit < 500 then
Sell ("Long Too Long") next bar at Market;

Short entry code:

input: SMult(1.8), ProfitPt(0);
vars: SellLevel(0);

{ Entry Orders }
Sell Short Next Bar at Open next bar - Average(Range,4) * SMult stop;

{ Exit at first Profitable Open }
if MarketPosition = -1 and Open next bar <
EntryPrice - ProfitPt - Commission * CurrentContracts / BigPointValue then
Buy to Cover ("Short Profit") next bar at Open;

{ Stale Position Exit }
if BarsSinceEntry > 4 AND PositionProfit < 500 then
Buy to Cover ("Short Too Longt") next bar at market;