DislikedI would like to do a rigorous analysis and find the best settings for a breakout strategy, and just set and forget each day ... I'll add this to the other system's I'm trading.
I just think more analysis should be done, rather than just arbitrarily setting TP at 50% fib extensions of previous day's range ... I like to see stats to back things up. :-)[/b]
Thanks for the comments ... answers in bold above.
EZIgnored
I've been working to write a backtest in C for the last week using tick data from Oanda going back to 2004. Sadly, it's still a work in progress. You're obviously moving much faster than I am.
Please share your findings when you get them. I'm always interested in figures.