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Author Topic: SFE Breakout  (Read 1292 times)

Attractor

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


Marketplace MT4: https://www.mql5.com/en/market/product/45196
Marketplace MT5: https://www.mql5.com/en/market/product/45835

Backtest and setup video: https://youtu.be/rYfWnmk9mqE

Live signal: https://www.mql5.com/en/signals/537338

Myfxbook: https://www.myfxbook.com/members/atractor/sfe-breakout/3161522

Recommended broker: https://smartforexexpert.com/index.php?topic=13.0


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.


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


The attached backtest has been made with the mt5 version.


VERSION 1.1 INFORMATION MARCH 2020

------------------------------- Fixed
- Prevented reopen trades

------------------------------- Recommended risk
new autolot mode, based on the risk / trade:
- Percentage risk/trade = 1.0  (normal risk)

------------------------------- version 1.2 max. number orders
- max total: 10
- max same symbol: 6
« Last Edit: March 10, 2020, 07:58:28 PM by Attractor »

Attractor

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Re: SFE Breakout
« Reply #1 on: January 28, 2020, 11:00:32 AM »
The mt5 version has been published!

Attractor

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Re: SFE Breakout
« Reply #2 on: March 05, 2020, 05:54:59 PM »
Good news, the version 1.1 has been published.

Two main things implemented:

- prevent of reopen orders in long impulses, known as 'this EA is greedy'. These trades are heartbreaking and don't worth enough open them in the long term.

- new autolot mode:  %risk/trade. I tested this mode in this 'price action' EA, and I liked a lot for the moment. With this mode, the long term performance is not worse than the other modes, and the path of growth is a lot less rollercoaster, more smooth. Because doesn't matter if the movement is very big or more tiny, the potential profit and loss of each position is the same. In the 'big movements', this can be a bit disappointing, but at the same time converts a lot of normal movements in good revenues. And let the user know how many can lose when he go to sleep of all turns bad, but know the limit at least.

Then, I will use this mode in my signals and personal accounts, if I change my mind in the future, I will inform.

* also, limited the number of trades.

Look the first message for more info.