Trading Hi Low Breakouts
I don't see any responses to my thread. So, I am attaching the backtest results for the Cable. The modeling quality is pretty high, so there is some solace there.
Need some comments and maybe a couple of volunteers who want to demo test it.
Thanks.
I ran an optimization run on the system and the following are the top 10 parameters:
95 6364.00 38 2.09 167.47 1000.00 7.20% LiveHour=6 LookBackHour=24 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
98 5900.00 47 1.77 125.53 1680.00 11.95% LiveHour=18 LookBackHour=24 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
96 4795.00 42 1.71 114.17 1280.00 10.33% LiveHour=10 LookBackHour=24 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
97 4515.00 43 1.64 105.00 1560.00 12.01% LiveHour=14 LookBackHour=24 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
22 3927.00 42 2.17 93.50 744.00 7.44% LiveHour=10 LookBackHour=24 MaxOpenTradeHours=8 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
24 3897.00 47 2.13 82.91 774.00 7.74% LiveHour=18 LookBackHour=24 MaxOpenTradeHours=8 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
23 3885.00 43 2.15 90.35 744.00 7.44% LiveHour=14 LookBackHour=24 MaxOpenTradeHours=8 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
91 3867.00 42 1.57 92.07 1160.00 10.36% LiveHour=6 LookBackHour=20 MaxOpenTradeHours=24 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
21 3843.00 38 2.16 101.13 744.00 7.44% LiveHour=6 LookBackHour=24 MaxOpenTradeHours=8 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
74 3752.00 38 1.70 98.74 1015.00 8.32% LiveHour=6 LookBackHour=24 MaxOpenTradeHours=20 Lots=0.1 Slippage=3 MagicNumber=1568 MaxTrades=1 GMTShift=0 TimeAHour=15 TimeAMin=0 TimeBMin=5 LiveMin=0 LookBackMin=0 MaxOpenTradeMins=0 StopLossPips=40 TrailPips=80 TrailStartPips=80 ProfitPips=120 StretchPips=7 MinRangePips=15 RiskPercent=2.5
Looks like opening at 15 hours work pretty well across the various lookback periods. However, some judgement should be used to figure out the most robust operating range.
Again, I would like some volunteers to run forward tests using different parameters. Also, using different lookback, and time of open hours, we can achieve some diversification that may help to smoothen out the equity curve.
it seems like this system but why don't you add this as a plus or combine with your system
London Breakout System- get high & low of 9-13 GMT
- draw line +5 pips above high 9-13 hr, and -5 pips below 9-13 hr
- enter long if price go above +5 line , enter short if price go below -5 line
- set SL @ low mark for buy order, vice versa
- move SL to high mark when get 30+ (EU) or 40+ (GU), or close 70% of the whole order (partial close)
- TP 80 (EU) or 120 (GU)
- exit all @ 23 GMT (but 22 GMT on Friday)
- if the price go against you & touch SL..take opposite trade @ 23 GMT
- close all position @ london open
cheers
Phoenix,
The possibilities are endless. However, I need a few people who are willing to test the EA based on some settings. That way we can make sure that there are not duplication of settings. Basically, I am looking for testers.
Maji
I'll step up to the challenge...
I'll test it for ya, obviously starting next week. Just post it or if you want ill PM you my email.
B
test
I can test. I trade both the london and ny sessions - and o htese platforms
Neuimex
fxdd
fxlq
Anthony
Hans123trader
Isnt this Hans Trader? You can goggle it.
Hans123trader.MQ4 or something like that.
I understand its profitable with some hefty drawdowns.
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A few months ago, I had participated in a discussion on the SBFX forum regarding a trading idea based on entering the markets on the breakouts of the previous few hours. I posted an EA there hoping that people will post their findings, but I did not see any results being reported.
I will make another attempt to start that discussion here. I will not post the EA here, but will share with a limited number of people based on their willingness to participate in a constructive discussion and feedback.
I think this system is a type of opening range breakout and there are many variations of this theme. I want to keep the rules as simple as possible, and hence won't use any indicators.
Here are the rules in brief, please let me know what you think and we can go from there.
1. At 830 am Central European Time, calculate the highs and lows of the last 7-1/2 hours. You can use 8am or 9am and 7 to 9 hour lookback, it won't matter too much.
2. Place a buy stop and a sell stop 7 pips above the highest ask and the lowest bid prices of the above mentioned lookback period.
3. Use a stop loss of 35 pips, trailing start and stop of 70 pips and a take profit of 120 pips. Truthfully, the trailing stops degrade the performance, but if you want to keep it loose, like the one I mentioned here.
4. Cancel one side when the other side is filled.
5. If orders are not filled within 6 hours, cancel all orders.
6. Close all orders 8 hours from placing the trade.
From the limited backtesting and data I have, I found that this system seems to work on GBPUSD. Of course, this is based on MT4's backtesting, which is a suspect.
Again, please post your thoughts on this method and experience if you have used something similar.
Edit- Made a few changes after I found better data.