I have been trading fractal breakouts manually for some time now....I have quite a preference for them for their simplicity and ability catch a daily move. The system is designed to capture session breakouts and works well during volatile hours. (NY) 8am-12pm ET.
EURUSD 5m ( GBPUSD also possible)
Open position : 5m fractal break ( with trend direction)
Close/ Reverse : 5m fractal break ( opposite direction)
Stop loss : above/below the latest fractal
TP: 50 pips
Hours: 8am - 12pm only.
Example Attached .
Can anybody backtest this system , and possibly create EA ?
EURUSD 5m ( GBPUSD also possible)
Open position : 5m fractal break ( with trend direction)
Close/ Reverse : 5m fractal break ( opposite direction)
Stop loss : above/below the latest fractal
TP: 50 pips
Hours: 8am - 12pm only.
Example Attached .
Can anybody backtest this system , and possibly create EA ?
Buy low , Sell high