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Old 04-25-2007, 07:02 AM
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Breakout EA

Attached is my EA that was kindly programmed by Optimu. It's a breakout stratagy that trades the breakout of an hourly bar (any hour) and then reverses the position if it's a failed breakout. There's also an option to double up (reverse lot multiplier) in the event of a failed breakout. The reason i'm posting this is that the backtest results are terrible and it has something to do with the reverse trade. The EA works well in forward testing BUT it's not a very efficient use of capital. It should return around 200pips for the month. I do like it cause it trades once a day whilst i'm at work.
My appeal is to the expert programmers out there to check the code and pick out any obvious errors they may see. Lets try refine this baby..

Last edited by daet; 05-08-2007 at 12:26 PM.
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Old 04-25-2007, 12:51 PM
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Quote:
Originally Posted by daet
...My appeal is to the expert programmers out there to check the code and pick out any obvious errors they may see. Lets try refine this baby..
Are you saying there are bugs / errors are in the code or is the strategy itself lacking something?
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Old 04-25-2007, 01:02 PM
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the stratagy is fine but if i check the backtest results in (visual mode) i can see that the reversal trades are not consistant. I need for an expert to check the code and make sure the EA is doing what it should i.e.
Take the breakout bar for xx amount of TP else
if that TP fails then take the reversal breakout at the bottom of the hour bar else if that fails then close all trading for the day.
Any open orders must be closed out a end of day.
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