Thread: Breakout BSL EA

Hello Funyoo,

Many thanks for posting this. One question, is Materforex GMT+2? I think they are but I just to see if my memory is correct?

Regards,
Jeff

Originally Posted by funyoo

Here is the expert advisor that I have used during the ATC 2008 (TSFSN3EAv3).

The performance had grown up up to 37k before to fall.

That's maybe stupid, but I had forgotten to optimize the results. I had let the default settings (with Lots=5).

It is a simple breakout system with some features. It was inspired by the famous Breakout Eagle indicator (chart above). We take the high and the low of a period and then we enter pending orders at these levels.

EU M5. On one year.

Total net profit : 1812.31%
RDD : 29.94%

PS : i don't remind me the meaning of "BSL".

Funyoo,

The start and end time show 0500 to 0800. Is that correct? Just wanted to make sure b/c that seems to be a short time span for the EA to trade...

Hi! Funyoo, Please could you tell me if I have to use this EA on 5 or 15TF? I am asking you it because the pictures of the charts are 15TF, but in yours posts you told us that the EA is for using on 5TF and also I would like to know the trading time for GMT forex brokers. Thanks in advance!

Originally Posted by funyoo

Hi szmvscla and welcome,

It was designed for M15. But you can use it on M5. The trading time is GMT+2

Thanks a lot for your kindly welcome and the fast reply! So in my case the trading time is from 03 to 06, isn't it?

Originally Posted by funyoo

That's correct.

Thanks a lot! I have an indicator and I would like to have an EA based on those rules, I tried today to do it, but I don't have the right skills to do it, so please could you mind to take a look at the code and correct it for me?

Hi funyoo
I followed in FF this thread by Eagle an italian guy.
But I remember he adviced basically only a TP of 10 pips after breakout.
In your settings, it's a TS of 280 !
Did you obtain 280 after optimization or is it a different system ?
Thx