I made back testing on GBP/JPY for the Daily breakout system regarding my post about the system. The data start from 4 September 2000 (ODL Metatrader). I test for 10 pips target from 1 pip above the previous day high and 1 pips below the previous day low. So there are 3 summaries, whether the price reach target, breakout but didn't reach the target, or no breakout. You can download the excel sheet here.
Showing posts with label Daily Breakout. Show all posts
Showing posts with label Daily Breakout. Show all posts
Thursday, May 15, 2008
Saturday, April 19, 2008
Daily Breakout
Hi guys. I'm sure you can find this system anywhere. Like any other breakout system, first we find the high and low. And this case the high and low would be from the previous day.
Looks very simple right? I add 5, 13, and 21 EMA on the chart above to see the trend. With 10 pips target and high probability I would trade with higher risk per trade and no fixed stop loss. I use the prev. day high and low indicator in the chart above. You can download it here.
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