Hi riffster,

I have tested this approach both manually and in strategy. I implemented the latter in MQL4 (MetaTrader 4 language) out of curiosity as I use similar breakout models. To cut the story short: In the manual trading where I applied my subjective view on the direction of the trend based on the SMA, the win ratio averaged 65% with 50+ pips average weekly profit.

The automatic strategy, however, failed miserably. I have thoroughly tested it and the "raw" signals (i.e. before the discretionary filter is applied) matched those in the manual trading, so the implementation is fine.

I fear that the value of the strategy you have described comes from the filter and not from the magic breakout boxes which is a shame -- they look good!

Having said that, I am happy to work with you to fix the automated strategy if you are interested.