EUR/USD Breakout System With Time Based Exit

#1
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
 

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mrsoul

Active member
Feb 7, 2009
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#2
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.
 
#3
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.
 

wackypete2

Well-known member
Sep 24, 2008
10,136
2,013
323
New Jersey
#5
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