Donchian Breakout for USTEC (Nasdaq 100)

Buy the highest high of the last N bars — the original turtle-trader strategy.

Why Donchian Breakout Works on USTEC

Donchian breakouts buy when price closes above the N-bar high. It captures regime changes — the moment a market wakes up from a range. Fails in chop (every false breakout is a small loss) but the long tail of trending wins more than compensates. Most profitable on volatile assets like XAUUSD and crypto.

Nasdaq 100 (USTEC) is the high-beta cousin of the S&P. Sharper moves, longer trends, deeper drawdowns. Strong momentum and breakout candidate.

Equity indices reflect aggregate corporate earnings, sentiment, and Fed policy. They trend more cleanly than individual stocks and gap less than commodities.

Pine Script Source

Copy this into PineForge — backtest on USTEC or any supported symbol, then deploy as a live bot.

//@version=5
strategy("Donchian Breakout", overlay=true)

entry_len = input.int(50, "Entry Lookback")
exit_len = input.int(25, "Exit Lookback")

highest_high = ta.highest(high, entry_len)
lowest_low = ta.lowest(low, exit_len)

if close > highest_high[1]
    strategy.entry("Long", strategy.long)

if close < lowest_low[1]
    strategy.close("Long")