EUR/USD Breakout System With Time Based Exit

This is a discussion on EUR/USD Breakout System With Time Based Exit within the Forex forums, part of the Markets category; Here's a system from my forex site, I'm looking for help tuning it if anyone is interested in trying and ...

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Old Sep 14, 2009, 9:32pm   #1
Joined Aug 2006
EUR/USD Breakout System With Time Based Exit

Here's a system from my forex site, I'm looking for help tuning it if anyone is interested in trying and posting their results? Forex Trading System

Here are the settings I'm using-

Go long when the EUR/USD closes higher than it has ever closed in the last 60 days. Go short when the EUR/USD closes lower than it has ever closed in the last 60 days. Trades are always closed exactly 5 days after they are are opened, therefore you can have between 0 and 5 trades open at anyone time. Place a stop loss of 200 pips on each trade.

Here are the results, back tested on the EUR/USD from the start of 2000 to the present. I've attached a full break down.

Number of winning trades: 213
Number of losing trades: 159
Number of pips won: 29600.2
Number of pips lost: 19863
Win to loss ratio (pips): 1.49 to 1
Attached Files
File Type: csv EURUSDResults.csv (166.1 KB, 344 views)
Davidee is offline   Reply With Quote
Old Sep 14, 2009, 10:37pm   #2
Joined Feb 2009
Quote:
Originally Posted by Davidee View Post
Here's a system from my forex site, I'm looking for help tuning it if anyone is interested in trying and posting their results? Forex Trading System

Here are the settings I'm using-

Go long when the EUR/USD closes higher than it has ever closed in the last 60 days. Go short when the EUR/USD closes lower than it has ever closed in the last 60 days. Trades are always closed exactly 5 days after they are are opened, therefore you can have between 0 and 5 trades open at anyone time. Place a stop loss of 200 pips on each trade.

Here are the results, back tested on the EUR/USD from the start of 2000 to the present. I've attached a full break down.

Number of winning trades: 213
Number of losing trades: 159
Number of pips won: 29600.2
Number of pips lost: 19863
Win to loss ratio (pips): 1.49 to 1
Dave,

It doesn't sound like you get enough trades with this system.
If you are playing 60 day breakouts you can be waiting an awfully long time to make a trade.
mrsoul is offline   Reply With Quote
Old Sep 15, 2009, 12:30am   #3
Joined Aug 2006
Davidee started this thread What you tend to get a streak of trades in a strongly trending market, or a few losing trades in a market that reverses soon after it's 60 day high or low. And then yes, you can go for months without trades. That is the downside.
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Old Oct 2, 2009, 2:42am   #4
Joined Jun 2005
Brilliant ....absolutely brilliant .
puregold24carat is offline   Reply With Quote
Old Oct 4, 2009, 12:04pm   #5
Joined Sep 2008
Looks good. If you want more trades try running a back test on a 4H timeframe. Maybe you have to tweek the settings a bit. It would be interesting to see if you can get better results with more trades. Would certainly keep the boredom in check.

Peter
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