INDICES TIME FRAME BREAKOUT EA V2 BACKTESTING RESULTS & SET FILES

Let's clarify the basic description of the strategy implemented in the EA (Expert Advisor) using an example one. We aim to trade breakouts of CLOSE defined by the signal candle /bar/ at  9:00  on the DAX - Franfurkt Time. 

This strategy is based on the fact that the Frankfurt Stock Exchange opens at 9:00 SEC. The program loads the CLOSE of the signal bar that ends at 9:00 and tries to take advantage of the initial momentum at the market opening.

This means that when the market goes up at the opening and breaks the Close level plus additional entry points, a Long position is immediately opened. Conversely, when the market goes down at the opening and breaks the Close level minus additional entry points, a Short position is opened.

The strategy works with the setting of just first trade to capitalize on the initial momentum.

The result of this strategy in the tester with setting according to Example1.set  are shown on next screenshots.

Let's clarify the basic description of the strategy implemented in the EA (Expert Advisor) using an example. We aim to trade breakouts of levels defined by the signal candle /bar/ from 9:15 to 9:20 on the DAX - Franfurkt Time. This involves a 5-minute candle on the DAX asset. The tester setup process is as follows:

1.       Select Strategy Tester and make setting based on picture above. Be sure select TF 5M.

2.       Make setting of EA based on aatached set file at the botton of this blog.

Brief Description of setting of this example:

• SETTINGS LOTS FOR TRADE: we use method -  Maximum  Amount of Money to Risk per Trade - 100 EUR

• SELECT TIME FOR SIGNAL BAR:

• Signal Time Hour: 10 - PepperStone has Server Time GMT + 2 so we must input 10 which represents 9 Franfurkt Time
• Signal Time Minutes: 20