Statistics-related question about breakouts

Hey Folks!

I'm gathering some statistics for EURUSD to try and make a unique type of breakout strategy

For those of you into statistics:
During which hour/hours of the day are Breakouts from range most common? In other words, what hours of the day does price have "swift" movement in any direction?

Saying "London 1st hour" or "New York open" is not what I'm looking for, I'm hoping that I can get some real statistics... but as always your input is appreciated, Thanks fellow Traders!

Your question can not be answered.There is no one time that BO happen.Depends on order flow and generally biggest order flows get filled on most liquid times London NY overlap 8-11.30
Past BO times have no bearing on future BO times.Future order flows can not predicated accurately since there is that big X factor the unknown.

I've been tickering with breakout data lately. I find it easier to just track a time range where breakout occurs 100% of the time during said period of time.
for example :
Pair start range end range end breakout
EURUSD 0:30:00 2:30:00 4:30:00
EURUSD 14:00:00 16:00:00 17:30:00
EURUSD 14:45:00 15:15:00 16:00:00

which means EURUSD will breakout either between 2:30 until 4:30, always 100%. Based on the last 20 days.
How do you achieve that? just do a loop script on your data (this data is based on my Alpari broker)
loop script will be something like ..
Loop start minute A
Loop Minute B(A + 30) minutes until x minutes (i think smaller than 30 will create too narrow of a range)
Loop Minute B + 30 mkinutes until x minutes (you don't want the breakout period to be too far also, I made mine between 30 - 120 minutes)

From the results, just filter based on pips breakout, average pips / hour on those breakouts (5 hour breakout will have greater range, but is it really 5x more than a 1 hr breakout?)

If you are certain 100% a breakout will occur, you can just match up with your supporting indicator/system whether it's going up or down.
Then you just have to grab some stats of the average breakout points, whether it ever break outs both ways, etc

That's all I can say for now, I'm still experimenting with my strategies also. Trying to make this all automated so I don't have to search for that 100% breakout for the last 20 days every week and manually choose which are best time combination (you might be yielding like 20 results for a pair, that has time overlaps, you need to find the best combo with the best B/out results).


*I found your thread while finding if whether anyone else have done what I'm just trying out. Found your other thread too, trading logic. quite interesting & an edge for an edge.. interesting reading .. !

This will show you historical price movement. Does not mean it will happen again, since it is historical, but you seem to think it will, so this will answer your question.