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Author Topic: SFE Breakout  (Read 2965 times)

Attractor

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






Backtest and setup video:
https://youtu.be/rYfWnmk9mqE
and look for the attached documents

Official live account:
https://www.mql5.com/en/signals/731873

Account broker: Tickmill (EU) 1:30
https://smartforexexpert.com/index.php?topic=14.0

FxBlue: https://www.fxblue.com/users/atractor5
Myfxbook: https://www.myfxbook.com/members/atractor/sfe-breakout/5343063

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



Current version 1.5 (May 2020)

Recommended risk setting mode:
  • Percentage risk/trade = 2.0  (normal risk)
  • Percentage risk/trade = 1.4  (low risk)







Description

The system looks for breakout and take profit of the short term trend. Is centered mainly in the New York session when the trend of the day is decided in general.

The EA has a big expectation of pips / trade, therefore can be profitable in any kind of broker or account.

Can be used with large accounts, because the trades are taken in the hours of more liquidity.

Live setup

The EA is very easy to setup, and can be used with the default parameters. Only parameters related with the GMT of the broker and the size of the orders must be checked.

The EA must be attached to ONLY one M5 chart. Use an EURUSD chart is recommended.

If the names of the symbols aren't the common in your broker platform, update the names in the Symbol List parameter.

The EA is very lightweight in resources demand, and can be used with other EAs.

Backtest

The EA must be backtested on the M5 timeframe. All the symbols used can be backtested together in mt5 using the 'Test Full List' parameter

« Last Edit: May 18, 2020, 11:26:27 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.

Attractor

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Re: SFE Breakout
« Reply #3 on: May 18, 2020, 11:27:02 PM »
version 1.5 published!
check the updatet backtest in the first message.