Hi
I'm looking for a very simple Breakout or Straddle EA so I can do some backtesting. I've looked through hundreds of threads and tried countless EAs but I can't find anything that meets or can be modified to meet my requirements:
1. Breakout based on one hour. Stoploss for long or short is the opposite side of the breakout box.
2. No take profits, trailing stops or anything like that. Simply close out the position before the breakout reference hour the following day.
I have a feeling that this type of strategy could be very profitable based on the fact that it is psychologically difficult to implement. It will have lots of losers but the winners will be very big.
Thanks
Pete
I'm looking for a very simple Breakout or Straddle EA so I can do some backtesting. I've looked through hundreds of threads and tried countless EAs but I can't find anything that meets or can be modified to meet my requirements:
1. Breakout based on one hour. Stoploss for long or short is the opposite side of the breakout box.
2. No take profits, trailing stops or anything like that. Simply close out the position before the breakout reference hour the following day.
I have a feeling that this type of strategy could be very profitable based on the fact that it is psychologically difficult to implement. It will have lots of losers but the winners will be very big.
Thanks
Pete