I only have 150 days of intraday backdata for S&P so no idea how robust it will prove to be outside of this.

Reason I post it is because it is so simple and I am interested in results over a longer time period and I am hoping somebody can provide that.

If it looks good then everyone can have it for FREE!, but better up your slippage then.

In easylanguage code since this is easier than explaining it.

if marketposition =0 and closed(1)<loww(1) then buy

next bar lowd(1) limit;

if marketposition =0 and closed(1)>highw(1) then

sell next bar highd(1) limit;

if barssinceentry >= 3 then exitlong next bar at c limit;

if barssinceentry >= 3 then exitshort next bar at c limit;