Here is the very simple EA for placing basic breakout buy/sell stop orders based on the previous time frame candle you choose. You can optimize the time and the SL/TP for buys and sells.
I have programmed much more complicated EAs with this program but I have always had trouble finding the time I should be trading breakout types of systems based on trading sessions and such so I thought I would give this a try and see what the best time was for me to place these trades off of the previous candle's H/L.
In my testing, only one time in the last year did I have two consecutive losers. I think this system has legs if you watch the MM end of it.
In going back and looking at my losing trades, I was a little dissapointed in the fact that the EMAs would have eliminated a few losers but would also have eliminated as many winners. From what I can see the EMA does not seem to give me much of an edge, course what can you expect at already 87% winners. I will also say it again, I am not trading Cubby's exact system so my result with EMAs in no way reflects the usefullness of them in his system.
I have programmed much more complicated EAs with this program but I have always had trouble finding the time I should be trading breakout types of systems based on trading sessions and such so I thought I would give this a try and see what the best time was for me to place these trades off of the previous candle's H/L.
In my testing, only one time in the last year did I have two consecutive losers. I think this system has legs if you watch the MM end of it.
In going back and looking at my losing trades, I was a little dissapointed in the fact that the EMAs would have eliminated a few losers but would also have eliminated as many winners. From what I can see the EMA does not seem to give me much of an edge, course what can you expect at already 87% winners. I will also say it again, I am not trading Cubby's exact system so my result with EMAs in no way reflects the usefullness of them in his system.
Attached File(s)
BOP-1.mq4
3 KB
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395 downloads