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Simple Breakout System By Zach (EA)

  • #41
  • Jul 20, 2017 11:03am Jul 20, 2017 11:03am
Guys,

Attached is a new version 1.5 of the EA. The new features in this version are:

  1. new EntryPoint parameter (still experimental) to specify the entry point when a breakout occurs. If TPSLstrategy is fibonacci and EntryPoint = 100, EA will open a instant market order. In all others cases, the EA will place a pending order to wait for a retracement (and try to get a better R:R) :

    1. if TPSLstrategy is fibonacci, the entry point will be a fibonacci value too
    2. if TPSLstrategy is pips, it will be a pip value

  2. new AsianSessionPipsMin parameter: like AsianSessionPipsMax, EA will not trade if the breakoutBox range is lower than this pips value.
  3. Each time a new fibo is drawn by the EA, the previous one will be removed to keep a clean chart.

I will try to post some example for the EntryPoint if it's not clear enough.

Attached File(s)
File Type: ex4 DD-breakoutasian-1.5.ex4   34 KB | 1,357 downloads
  • #42
  • Jul 20, 2017 11:21am Jul 20, 2017 11:21am
Here is an example of how the EntryPoint parameter could improve the results :

If I take GBPJPY from 2017.01.01 to 2017.06.01. With the original parameters (TP at 161.8%, SL at 50%, entry at 100%), the result with 0.1 lot is: -718.54

Attached Image (click to enlarge)
Click to Enlarge Name: bo-gbpjpy-original.gif Size: 9 KB


Now the same test with entry point at 80%, SL at 16%, TP at 160%, the result is: +315.49

Attached Image (click to enlarge)
Click to Enlarge Name: bo-gbpjpy-retracement.gif Size: 9 KB
  • #43
  • Jul 23, 2017 2:05am Jul 23, 2017 2:05am
Hi,Damiend, thanks for you hard work.

There is a similar thread that you can refer to as follows,https://www.forexfactory.com/showthread.php?t=528703
I wish will help you!

Sorry for my poor english!
  • #44
  • Edited 10:04am Jul 24, 2017 9:53am | Edited 10:04am
Hi Damiend,

thanks a lot for this nice Ea,
In Backtest it seems like you can improfe the Performance of it by adding a trailing stop.
I think you shold add an trailingstop, that is not related to the fib take Profit.
So you can takte Profit at the 168 fib and use a trailing stop

looking Forward to this Feature
best regards
  • #45
  • Jul 25, 2017 8:37am Jul 25, 2017 8:37am
Hi Damiend,

thanks a lot for this nice Ea,
In today's forward test, we got some green pips. But when i change a parameter of Ea such as BreakoutPipsConfirmation from 10 to 6,
the chart start to toggle, and i check the log tab, it print lots of logs.
Attached Image (click to enlarge)
Click to Enlarge Name: changePara.JPG Size: 58 KB
  • #46
  • Jul 25, 2017 2:19pm Jul 25, 2017 2:19pm
adding lot by risk, maximize with trailing stop will be good EA
Risk comes from not knowing what you're doing.
  • #47
  • Jul 25, 2017 6:25pm Jul 25, 2017 6:25pm
Hi all,

This EA is very similar to Horizon Break I coded, have a look at it, it may be of interest as more flexible.
https://www.forexfactory.com/showthread.php?t=620817

Edo
You'll always miss 100% of the shots you don't take.
  • #48
  • Aug 5, 2017 6:34pm Aug 5, 2017 6:34pm
Hi,
Thanks for your inputs guys. I will have a look at your links and take your suggestions into account for the next version.
  • #49
  • Aug 8, 2017 7:46am Aug 8, 2017 7:46am
Quoting damiend
Here is an example of how the EntryPoint parameter could improve the results : If I take GBPJPY from 2017.01.01 to 2017.06.01. With the original parameters (TP at 161.8%, SL at 50%, entry at 100%), the result with 0.1 lot is: -718.54 {image} Now the same test with entry point at 80%, SL at 16%, TP at 160%, the result is: +315.49 {image}

hi bro,can u elaborate entry point at 80%&SL at 16% and TP at 160%?Thanks
  • #50
  • Aug 25, 2017 11:00pm Aug 25, 2017 11:00pm
Hay Zach I just download the ea and install it on mw chart since 2 days ago. but the ea never execute and open any order. there ara some steps i missed ???
Stay Hungry Stay Folish
  • #51
  • Aug 28, 2017 4:01am Aug 28, 2017 4:01am
Quoting damiend
Guys, Attached is a new version 1.5 of the EA. The new features in this version are: new EntryPoint parameter (still experimental) to specify the entry point when a breakout occurs. If TPSLstrategy is fibonacci and EntryPoint = 100, EA will open a instant market order. In all others cases, the EA will place a pending order to wait for a retracement (and try to get a better R:R) : if TPSLstrategy is fibonacci, the entry point will be a fibonacci value too if TPSLstrategy is pips, it will be a pip value new AsianSessionPipsMin parameter: like AsianSessionPipsMax,...
Hi Damiend,

I am test, the expert V1.5. Thanks for your work.
Please see the image. The entry itīs not correct to 100% fibo
regards,
Attached Image (click to enlarge)
Click to Enlarge Name: brekaut 15m.png Size: 60 KB
  • #52
  • Aug 28, 2017 4:04am Aug 28, 2017 4:04am
It's weird, in this pair did it well
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY 15M.png Size: 64 KB
  • #53
  • Dec 30, 2017 5:59pm Dec 30, 2017 5:59pm
Hi Zach, hi Damiend and all, thanks for your sharing. I'm joining in...
  • #54
  • Dec 30, 2017 6:03pm Dec 30, 2017 6:03pm
Quoting fibo38
{quote} Hi Damiend, I am test, the expert V1.5. Thanks for your work. Please see the image. The entry itīs not correct to 100% fibo regards, {image}
Is the problem only for sell? As at your posting #52 the long position is already correct.
  • #55
  • Dec 30, 2017 6:11pm Dec 30, 2017 6:11pm
Quoting fibo38
It's weird, in this pair did it well {image}
IMHO....Oh maybe it is due to it's logic. The EA will directly open the trade (sell/buy) just right after the body candle of M15 closed and confirmed touch fibo 100% or over. In your case the M15 body candle closed over fibo 100%. So that was the timing where EA decided to start open sell/buy.
  • #56
  • Jan 24, 2018 9:55am Jan 24, 2018 9:55am
Quoting andikayande
Hay Zach I just download the ea and install it on mw chart since 2 days ago. but the ea never execute and open any order. there ara some steps i missed ???

can u screenshot the jounal??maybe can get the answer from the journal
  • #57
  • Last Post: Sep 20, 2020 3:13pm Sep 20, 2020 3:13pm
Quoting damiend
Guys, Attached is a new version 1.5 of the EA. The new features in this version are: new EntryPoint parameter (still experimental) to specify the entry point when a breakout occurs. If TPSLstrategy is fibonacci and EntryPoint = 100, EA will open a instant market order. In all others cases, the EA will place a pending order to wait for a retracement (and try to get a better R:R) : if TPSLstrategy is fibonacci, the entry point will be a fibonacci value too if TPSLstrategy is pips, it will be a pip value new AsianSessionPipsMin parameter: like AsianSessionPipsMax,...
the EA's name is breakout but it places limit orders! shouldnt a breakout system relay on stop order?!
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