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Author Topic: SFE Breakout  (Read 547 times)

Attractor

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SFE Breakout
« on: January 13, 2020, 08:32:47 PM »
SFE Breakout

This is a new system although the idea of the setup algorithm was developed at the beginning of 2019. The algorithm is very simple and shows potential in the backtest, but has not been published until now because the number of trades were very low. Then the past December I have been working to increase the number of trades, and now is at the point I like already, so I decided to publish it.

The current signal, the year 2019 has been running with this pre-release version with very few trades, and only with EURUSD and XAUUSD. The current version should perform better and uses more symbols.

This EA is different from other SFE 'momentum' EAs, because the setup algorithm don't need always 'momentum' because is more based in the concept of breakout.

Can be a bit undestood like an intraday trend follower, because the hours for open trades for this EA is in the New York session, is where the algorithm shows good results at long term.

Also the TP and SL positions is very different of the other SFE EAs, the TP is a lot more near, and don't need big movements to reach it.

 For all this I think that can be a good complement for users of a pure momentum EA, like SFE Price Action or SFE Attractor, because the way of trade is quite different.

If is your first EA, SFE Attractor I think is better in the overall, but this is cheap and I expect a good profit also.

As we can see in the backtest, in years of big movements like 2015, 2016, this EA can make a very huge profit, above 200%, while in the current kind of market, the potential is a lot more reduced, but I aspire the make 30-40% profit anyway, which is quite good right now.

This EA has a very good expectation of pips / trade. Then, can be used also with good results in average quality brokers.

In the current grid of SFE EA prices, I will put this EA for the moment in the medium price segment, because the market is not in his best situation for him, then for the moment the price will be set at 800 USD.


The attached backtest has been made with the mt5 version.

Product Page: https://www.mql5.com/en/market/product/45196
Myfxbook: https://www.myfxbook.com/members/atractor/sfe-breakout/3161522
Mql5 signal: https://www.mql5.com/en/signals/537338

Recommended SFE Portfolio - SFE General view: https://smartforexexpert.com/index.php?topic=550.msg1056#msg1056

Current version 1.0 recommended size (normal risk)

* 400 USD / 0.01 lots
* and increase to 2.0 to the EURUSD multiplier parameter.


After the mt4 publication, will be published very soon also in mt5. Then, if some user preffers to wait for the mt5 version, be warned.

All the month of January, the price will have a discount of 20% to 640 USD, to let the interested followers get the EA at better price.
« Last Edit: January 18, 2020, 10:40:53 PM by Attractor »