Notes:
	Channel Breakout System Based on Courtney Smith's Strategy (from his book: https://amzn.to/3OtvHkH)

	© Zen & The Art of Trading Pty Ltd
	
	This is an example script for educational purposes, and is not to be considered financial advice.
	
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	Any advice is considered general advice and has been prepared without taking into account your objectives, financial 
	situation or needs. Because of that, before acting on this advice you should therefore consider the appropriateness 
	of the advice having regard to your situation and your own objectives, financial situation and needs. We recommend you 
	obtain financial, legal and taxation advice before making any financial investment decision. If the advice relates to 
	the acquisition, or possible acquisition, of a product (other than a security e.g. a CFD) then the client should obtain 
	the relevant Product Disclosure Document and consider it before making any decision about whether to acquire the product.

	Past performance is not a reliable indication of future performance. This material has been prepared based on information 
	believed to be accurate at the time of publication. Subsequent changes in circumstances may occur at any time and may 
	impact the accuracy of the information.

	All results are considered to be Hypothetical unless otherwise specified: Hypothetical performance results have 
	many inherent limitations. Unlike an actual performance record, simulated results do NOT represent actual trading. 
	Also, since the trades have NOT actually been executed, the results may have under OR over compensated for the impact, if any,
	of certain market factors, such as lack of liquidity, market spread or commissions among other things that are hard to predict.

	THE HIGH DEGREE OF LEVERAGE THAT CAN OBTAINED USING MARGIN CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE
	CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. THE RISK OF LOSS WHEN USING MARGIN MAY NOT BE LIMITED. THIS MEANS YOU MAY LOSE 
	MORE THAN THE AMOUNT REQUIRED TO HOLD AND CONTROL THE PARTICULAR SECURITY.

Import:	
	DataSource:	Norgate
	IncludeList:	.S&P 500 Current & Past // For including all current & historical constituents
	IncludeList:	$SPX // For referencing the SPX price itself in regime filter
	Constituency:	$SPX // For checking if a stock belongs to SPX (historical constituents)
	
	StartDate:	1/1/1990
	EndDate:	Latest
	SaveAs:	ZenChannelBreakout.rtd
	StartDate:	1/1/1990
	EndDate:	Latest

Settings:	
	DataFile:	ZenChannelBreakout.rtd
	StartDate:	1/1/2000
	EndDate:	Latest
	BarSize:	Daily
	UseAvailableBars:	False
	AccountSize:	100000
	Currency:	USD
	TopDownMode:	True
	

Benchmark: 	Benchmark_SP500
	Side: 	Long
	Allocation: 	S.Equity
	EntrySetup: 	Symbol=$$SPX
		
	
OrderSettings: 	
	EndDate:	Latest
	OrdersMode:	Template
	HolidayList:	Examples\holidays.txt 
	OrdersTemplate:	Examples\ib_basket_template.csv
	
Parameters:	
	Positions:	10
	MA_Length:	200
	
Data:
	StockMA:	EMA(Close, MA_Length)
	ChannelTop:	Highest(High, 55)[1]
	Filters:	MA(Volume, 50) > 500000 and Close > StockMA
	
	RegimeFilter:	Extern($$SPX, Close > MA(Close , 200))
	
	TradeEntry:	InSPX and Close > ChannelTop and Filters
	TradeRank:	100 - ROC(Close, 20)

	TrailStop:	Low - (ATR(5))

	
Strategy:	Test_RegimeFilter
	Side:	Long
	Quantity:	100 / Positions
	QtyType:	Percent
	MaxPositions:	Positions
	EntrySetup:	TradeEntry and RegimeFilter
	ExitRule:	If(RegimeFilter, Close < StockMA, Close < Highest(TrailStop, BarsHeld + 1))
	ExitTime:	NextOpen
	SetupScore:	TradeRank
	Commission: 	Max(1.00, 0.005 * Shares)   

Strategy:	Test_NoRegimeFilter
	Side:	Long
	Quantity:	100 / Positions
	QtyType:	Percent
	MaxPositions:	Positions
	EntrySetup:	TradeEntry
	ExitRule:	Close < StockMA
	ExitTime:	NextOpen
	SetupScore:	TradeRank
	Commission: 	Max(1.00, 0.005 * Shares)   

Charts:	
	
	// Plot Name	{format}	formula
	
	// On Chart
	MA_Value:	{#}	EMA(Close, MA_Length)
	Chan_TOP:	{#}	ChannelTop
	StopLoss:	{#}	if (BarsHeld > 0, Highest(TrailStop, BarsHeld + 1), nan)

	// Indicator Pane
	RegimeFilter:	{#^}	RegimeFilter
	
	// Volume Pane
	MyVolume:	{#|}	Volume
	MyVolumeMin:	{#|}	500000
	MyVolumeMA:	{#|}	MA(Volume, 50)