Camarilla H4 and L4 Breakout Strategy Using Prior-Day Levels

Summary

This strategy calculates Camarilla pivot levels from daily high, low, and close data, then references the prior day’s levels for signals. It enters long when the current close is above the prior-day H4 level and enters short when the close falls below the prior-day L4 level. The script also calculates other Camarilla bands and a short exponential moving average, but the visible entry rules do not use that average. The author’s accompanying note asks how to add moving-average exits and why some expected entries appear missing.

The document contains a basic breakout rule, not a complete, evaluated trading plan. It does not specify explicit exit conditions in the shown strategy code, despite the request for them, and it gives no systematic backtest results. Repeated close-above or close-below conditions may also behave differently from one-time crossing signals, while the use of prior daily values and chart timeframe can affect signal timing. The example questions and informal observations are not sufficient evidence of profitability or reliability.

Key ideas

• The strategy derives Camarilla levels from daily price data and uses the prior day’s levels.
• A close above H4 triggers a long entry, while a close below L4 triggers a short entry.
• The script calculates a short EMA, but the displayed entry conditions do not use it.
• The included code does not define the requested EMA-based exits.
• The document offers no systematic evidence that the breakout rules are profitable.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.