Simple breakout strategy and EA

[qazwsx]

We were filming a video tutorial about how to create simple breakout EA without programming and strategy in example were profitable for some time, so you might be interested in forward testing it and maybe suggest ideas for improving. We will do some more videos in future, so if anyone is interested I can upload created EAs to this forum.

EA is attached to this thread. You can set different risk and money management parameters in EA as inputs.

Rules Used in backtesting this EA:

Currency pair: GBPUSD

Entry: price breakout from 1 day and 6 hour (30 hours) time window

Exit: stop-loss = 60pips, take-profit = 100pips

Money management: automatic order sizing by risking 5% on one position

Risk management: maximum spread = 7, maximum slippage = 3

[qazwsx]

Something happened to EA file when I was copying it from VPS. Even file size became different and there were no inputs. I attach the correct file to this post. Is it possible to delete corrupted file from the previous post?

[ElevationTrading]

eacreator:
Rules Used in backtesting this EA: Currency pair: GBPUSDEntry: price breakout from 1 day and 6 hour (30 hours) time window Exit: stop-loss = 60pips, take-profit = 100pips Money management: automatic order sizing by risking 5% on one position Risk management: maximum spread = 7, maximum slippage = 3

I think the above is a good start for new traders. Strategy will work best in a high volatility environment.

[JKome]

thanks

for this I will try it as well as i get good result i will Post back

but mail am still looking for MACD ae that work with input Like this__ Fast MA Period = 12, Slow MA = 26, Singal SMA Period = 9, but it should be subject to Change

am not too good but just Post to my [e-mail]

[qazwsx]

50% up from the day I posted it here. Not that bad in 2 months

[qazwsx]

Live statement from the day it was posted here.

Maybe anyone found better inputs or currency pairs for this EA?

[Chuks. E Eguzoro]

HI Moderator thanks very much for this Blog for the first time i trade very easy with your ECONOMIC FORECAST system,the only day i smile while trading.Forex has never been easy for me as a new bis.

Best regard