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Thread: REQ: Breakout EA. Please help to make an EA on this strategy

  1. #1

    Default REQ: Breakout EA. Please help to make an EA on this strategy

    Dear Funyoo,

    I have recently be trading this manual trading system on Eurusd and Gbpusd, and it works well with good profit consistently.

    So, I hope you can make an EA based on this manual trading system:

    1. Eurusd :

    Rules:

    a. Time-frame : Can be used on M5, M15 or H1. It does not matter, because rule is fixed.

    b. Condition for a trade to be valid : Between 24h and 8h GMT Time (or : 7pm and 3 pm EST Time), Eurusd should move MAXIMUM 55 pips. If Eurusd moves more than 55 pips between these times, then, no trade.

    + Long entry : 1 pip above the Highest price between 24h and 8h GMT Time

    + Short entry : 1 pip below the Lowest price between 24h and 8h GMT Time

    + Stop loss : 20 pips away from entry price

    + Profit target : 40 pips away from entry price.

    2. Gbpusd :

    a. Time-frame : Can be used on M5, M15 or H1. It does not matter, because rule is fixed.

    b. Condition for a trade to be valid : Between 24h and 8h GMT Time (or : 7pm and 3 pm EST Time), Gbpusd should move LESS THAN 80 pips. If Gbpusd moves more than 80 pips between these times, then, no trade.

    + Long entry : 1 pip above the Highest price between 24h and 8h GMT Time

    + Short entry : 1 pip below the Lowest price between 24h and 8h GMT Time

    + Stop loss : 30 pips away from entry price

    + Profit target : 50 pips away from entry price

    I noticed that the winning ratio for this trading system is around 70 - 80%, but risk/reward is quite good. So, it will become a profitable EA in the long run, thanks to this.

    Hope that you can spend time to make the EA based exactly on this manual trading system.

    Thanks a lot

    James Phuc

  2. #2
    Administrator funyoo's Avatar
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    Default

    Hi james_phuc28,

    See here : 100 PIPS DAILY SET& FORGET IT

    It is the same strategy.

  3. #3

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    Dear Funyoo,

    No, I don't think they are same strategy. You can see that my strategy requires some volatility which should not exceed 55 pips on Eurusd, and should not exceed 80 pips on Gbpusd. Also, the trading time is different, stop loss and profit target is quite different.

    My stop loss is always half of profit target while the other strategy has stop loss bigger than profit target.

    So, I do hope you can make an EA with my exact strategy, because the Risk/Reward ratio is better than the other strategy.

    Thank you very much
    James Phuc

  4. #4
    Administrator funyoo's Avatar
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    Quote Originally Posted by james_phuc28 View Post
    Dear Funyoo,

    No, I don't think they are same strategy. You can see that my strategy requires some volatility which should not exceed 55 pips on Eurusd, and should not exceed 80 pips on Gbpusd. Also, the trading time is different, stop loss and profit target is quite different.

    My stop loss is always half of profit target while the other strategy has stop loss bigger than profit target.

    So, I do hope you can make an EA with my exact strategy, because the Risk/Reward ratio is better than the other strategy.

    Thank you very much
    James Phuc
    Hi james_phuc28,

    Here is a code with the proper settings for EURUSD.
    Attached Files Attached Files

  5. #5

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    Dear Funyoo,

    Thanks for the EA used on Eurusd. How about the strategy that is used on Gbpusd breakout ? Hope you can change code inside to make it suitable to the above breakout strategy on Gbpusd, especially about the required Volatility pip range from 24h and 8h GMT Time (or : 7pm and 3 pm EST Time), Gbpusd should move LESS THAN 80 pips.

    Thanks a lot
    James Phuc

  6. #6
    Administrator funyoo's Avatar
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    Quote Originally Posted by james_phuc28 View Post
    Dear Funyoo,

    Thanks for the EA used on Eurusd. How about the strategy that is used on Gbpusd breakout ? Hope you can change code inside to make it suitable to the above breakout strategy on Gbpusd, especially about the required Volatility pip range from 24h and 8h GMT Time (or : 7pm and 3 pm EST Time), Gbpusd should move LESS THAN 80 pips.

    Thanks a lot
    James Phuc
    Hi james_phuc28,

    You just need to set stoploss to 30, takeprofit to 50 and maxpiprange to 80.

  7. #7
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    Thumbs down BackTesting Results

    2009 EU BackTesting Results on 15 Mins chart not so great????
    Attached Files Attached Files

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