Well, I could post a bunch of numbers here but, in a nutshell, you're right. I went through and started running large-scale backtests against the last 3 years' worth of minute data. I was able to confirm your results on GBPJPY, losing about 11000 ...

Bodger Breakout Method

I spent some time running this EA for myself and it does indeed show amazing results - for EURJPY, and for EURJPY only. Here's my concern: It is not uncommon for a given system to consistently perform better against one pair over another. But when ...

Expert Advisor Strategy

It didn't take all day/night to load. I was loading it in batches divided by pair, so there were 15 different batches to run, each one taking roughly 45 minutes to complete. By the time I went to bed Friday night, I had finished about 12 of the ...

Bodger Breakout Method

That is correct.

Bodger Breakout Method

When I did my initial testing, I found that the trades going with the trend were much more profitable. Sure, there are days when it would be profitable to sell into a bull market or vice versa, but the percentage of successful trades increased ...

Bodger Breakout Method

No worries. I just didn't realize that this type of historical data was available. You see, I'm a programmer so I can write my own backtests - IF I have sufficient data to test against. I have daily data going back to the 70s in the case of some ...

Bodger Breakout Method

Positions that linger for days on end — Does anyone have a general sense what happens to the Fozzy trades that don't necessarily sink or swim for a period of days? I'm asking because I know that sometimes this system will lead you to have a ...

The Daily Fozzy Method

Holy freaking cow. Your post led me to do a quick Google search on "Alpari" and I quickly found a page that purports to have the minute data for a huge list of pairs going back to 2004. If that is so, then I can get it all downloaded into my ...

Bodger Breakout Method

Hehehe - sorry to have hit you with a flurry of posts. I just did a lot of backtesting a few nights ago and it was too much data and too many concepts to reasonably fit into a single post. I couldn't agree with you more! The only thing more ...

Bodger Breakout Method

Is this even a BREAKOUT system at all??? — If you've read my flurry of posts, you know that I've now honed in on a smaller subset of pairs (basically, all the yen-related pairs and GBPCHF). I've also come up with more effective SLs (every ...

Bodger Breakout Method

SL levels — Once I had all the 5-minute data in my database, I was able to evaluate the empirical difference between SL levels. Remember, under my original guidelines, SLs would be set as follows on a series of hypothetical Bodger Breakout ...

Bodger Breakout Method

More thoughts on the yen — So I'm thinking further about why the yen may work so well on this system. Is it volatility? After all, this is a "breakout" system and the yen pairs typically have a high daily range. Here are daily range values for ...

Bodger Breakout Method

Why does JPY perform so well? — The first thing that smacked me in the face when I saw these results was the relative performance of all yen-related pairs. GBPUSD didn't perform too badly, but GBPCHF was the only non-yen-related pair that put ...

Bodger Breakout Method

Backtesting — Despite my plea, I haven't heard from anyone who can help me backtest this. My primary concern is that this should really be fully tested with tick data or, at a minimum, minute data, but I have access to no tick data and my ...

Bodger Breakout Method

It was a pretty slow day for Bodger Breakouts. I closed my trades at 11 AM and here are the results: Buy 0.3 CADJPY @ 108.15 Buy 0.3 CADJPY @ 108.26 Buy 0.3 CADJPY @ 108.36 Closed @ 108.42 Buy 0.3 CHFJPY @ 98.96 Buy 0.3 CHFJPY @ 99.06 Closed @ 98.97 ...

Bodger Breakout Method

Thanks for the encouragement and the advice! Your thoughts will lead me to a new round of testing and research tonight. This definitely gets me to thinking about potential exit strategies...

Bodger Breakout Method

Post mortem — On the bright side: You may notice that maximum exposure to any pair would have been 1.5 lots (0.3 x 5) and I did not in fact have maximum exposure to any of my positions except for GBPCHF - and GBPCHF was my biggest bright spot ...

Bodger Breakout Method

A rough day — Well, today was the first time that I employed my tweaked strategy - closing all orders at 11 AM. I don't think there's a problem with closing orders at 11 AM, but it was just a rough day for my system in general. You see, my ...

Bodger Breakout Method

I think it sounds like a logical approach, although I wouldn't personally deploy it. My main issue is merely one of manageability. I'm setting stop orders on 19 different pairs. Once orders start to get triggered, I could have as many as 12 or more ...

Bodger Breakout Method

The times certainly vary, but maybe not by as much as you might think. I wrote a program to figure out how many hours it took during the 24-hour trading session for a pair to meet its maximum price level (positive or negative) from the open. The ...

Bodger Breakout Method