Hans123 EA

lowphat · #1 (**permalink**) 10-27-2005, 07:00 AM

Somewhat based on:
Breakout System for EUR/USD and GBP/USD combined
Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD
Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD
Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timeframes and both currencies
Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for GBP/USD
Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/USD. If the other side of the Breakout is within 50 pips for EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop)
Use a trailing stop of 30 pips for EUR/USD and a trailing stop of 40 pips for GBP/USD
At 24.00 CET all orders expiring and close all trades at market

combination of the two timezones and the two currency pairs maybe what gives the system an ok profit on average every month

trading this manually may be better as someone said the code couldnt match the strat above 100%

Breaktout123SDX-Tz.mq4 is an indicator markus made and isnt needed

*Some of Version 5 settings
ts = Bid-(Point*TrailingStop)

ts = Ask+(Point*TrailingStop);
Calculation via ATR

ts = Low[0] - FactorTSCalculation * iATR(NULL,0,14,0);

ts = High[0] + FactorTSCalculation * iATR(NULL,0,14,0);
Calculation via AveragePrice

ts = Low[0] - (FactorTSCalculation *(High[0]-Low[0]));

ts = High[0] + (FactorTSCalculation *(High[0]-Low[0]));
With this goes along the parameter FactorTSCalculation which is found in the above mentioned formules.*

forexts · #2 (**permalink**) 10-28-2005, 05:29 PM

Very good backtesting for gbp 1m and eur 1m.

hellkas · #3 (**permalink**) 11-06-2005, 05:39 PM

Very good indicator...

saintan · #4 (**permalink**) 11-06-2005, 06:05 PM

exellent! thank you hellkas!

hellkas · #5 (**permalink**) 11-06-2005, 06:13 PM

Quote:

Originally Posted by saintan

exellent! thank you hellkas!

Tkx Saintan

Try the EA Show Us Your Best EA

sailor · #6 (**permalink**) 11-06-2005, 09:24 PM

YA REGARDS TO IT

very nice

Sailor

oshaban · #7 (**permalink**) 11-12-2005, 07:50 AM

Quote:

Originally Posted by hellkas

Very good indicator...

Hi ... I'm trying to use the indicator, but I can't understand who to get benefit of it?
Would you please tell me just the guidelines?.
Thanks.

forexts · #8 (**permalink**) 11-12-2005, 09:05 AM

Quote:

Originally Posted by oshaban

Hi ... I'm trying to use the indicator, but I can't understand who to get benefit of it?
Would you please tell me just the guidelines?.
Thanks.

This is the strategy originally posted by hans123 in sbfx:

Quote:

Simple Combined Breakout System for EUR/USD and GBP/USD
Determine the 06.00 CET – 10.00 CET High Low on EUR/USD and GBP/USD Determine the 10.00 CET – 14.00 CET High Low on EUR/USD and GBP/USD Set BuyStop at High + 5 pips and SellStop at Low - 5 pips for both timeframes and both currencies Set Target Price at entry + 80 pips for EUR/USD and entry + 120 pips for GBP/USD Set StopLoss at entry - 50 pips for EUR/USD and entry - 70 pips for GBP/USD. If the other side of the Breakout is within 50 pips for EUR/USD or within 70 pips for GBP/USD then the StopLoss will be that level (Longtrade: SL = Low range - 5 pips = SellStop; Shorttrade: SL = High range + 5 pips = BuyStop) Use a trailing stop of 30 pips for EUR/USD and a trailing stop of 40 pips for GBP/USD At 24.00 CET all orders expiring and close all trades at market. On Friday we do the same at 23.00 CET.This link displays the time in every major city in the world: www.qlock.com. I am using CET time (Amsterdam, Frankfurt).

Results October 2005:

10/03 : -22 pips
10/04: -61 pips
10/05: -103 pips
10/06: +168 pips
10/07: +156 pips
10/10: +135 pips
10/11: +61 pips
10/12: +108 pips
10/13: +97 pips
10/14: +274 pips
10/17: +178 pips

Total: +991 pips

The results this month are extreme. In general the system gives you an average return of 600 pips a month from March 2005.

On monthly basis the results are:

March: +721 pips
April: +940 pips
May: +296 pips
June: +857 pips
July: +1352 pips
August: + 35 pips
September: -20 pips

All calculations are done by hand, so it is possible that there is a small deviation. It is only to show the power of such a simple system. Maybe someone can program this for Metatrader 4.

fxdingo · #9 (**permalink**) 11-12-2005, 09:14 AM

SDX stands for Shimodax, he's a user on the strategybuilderfx forums. He's done quite a few custom indicators prefixed with SDX. Credits go to him for this breakout indicator.

drgoodvibe · #10 (**permalink**) 01-12-2006, 06:47 PM

Anyone using this EA and having success? If so which version do you use, there are 9!! I have been reading the threads on strategybuilderfx about it and many are using it live.