Dual Thrust Breakout Trading on OKEX Futures

Summary

This document describes a Dual Thrust style breakout system for OKEX futures. On each new bar, it calculates a range from the recent highest high and close and the lowest low and close. It sets upper and lower thresholds around the bar’s open using configurable multipliers. A close above the upper threshold triggers a long position; a close below the lower threshold triggers a short position. The code closes an existing position before entering the opposite direction, and offers contract, leverage, order size, and polling settings.

The material is an implementation description, not a performance study. It provides no results, benchmark, or risk-adjusted evidence. The code uses repeated order attempts and cancels pending orders, but does not describe safeguards for partial fills, market gaps, or sustained adverse moves. Its chart and win/loss counters do not establish profitability. The accompanying reference points elsewhere for strategy background, so this document mainly shows how the rules are applied in this exchange-specific implementation.

Key ideas

• The strategy sets breakout thresholds around the current bar’s open using a recent price range and separate up and down multipliers.
• A bar close at or above the upper threshold triggers a long position, while a close at or below the lower threshold triggers a short position.
• When switching direction, the implementation attempts to close the existing position before opening the new one.
• The settings include futures contract selection, margin level, order amount, and polling intervals.
• The document provides implementation details but no backtest results or evidence of profitability.

Tags

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