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Hi, I once developed an EA based on based on SIBKIS's weekly breakout system. It is similar to the system you mentioned. the difference is that the trade starts from Tuesday with a stoploss of 100. You just need to change the value inside the EA to fit your method.
Hope it helps.
AruiHi Arui,
have I tried this EA with GBPUSD and do I believe that you work better with these parameters, you can help me to change them?
OPEN SELL -120
OPEN BUY +120
Trailing Stop 50
Thanks You
I backtested this ea on 30m EURUSD. For the last 20 weeks it gives +96p/week.
For week -30 to week -20 it gives -110p/week.
So we need some Filter (indicator or rule) to work this out.
I use a TS of 110p, the smaller the TS, the smaller the profit/losses...
BTW, if you set back the (buy)entry to CloseOfWeek if (sell)order was performed as you suggested, it reduces the profit and losses to 50%.
Thank you,
BigBoppa
Alligator as filter
I think that the use of the Alligator indicators can help to filter verry good false entrys, and to take better exits:
Hi Arui,
have I tried this EA with GBPUSD and do I believe that you work better with these parameters, you can help me to change them?
OPEN SELL -120
OPEN BUY +120
Trailing Stop 50
Thanks YouTrading system
Trading system
Trading system
At backtest it looks not so good, in real account it still makes pips !
Stop Loss e Take Profit
Could you add a stop loss and a take profit?
Hi, I once developed an EA based on based on SIBKIS's weekly breakout system. It is similar to the system you mentioned. the difference is that the trade starts from Tuesday with a stoploss of 100. You just need to change the value inside the EA to fit your method.
Hope it helps.
Aruii,m interested in this system but
if u buy stop and sell stop and close them both in "30 minute before this week close" u will just get loss, am i right?
i don't understand well, please would u teach me this system?