
This Simple Set-forget System Was Profitable in 2013/2014
fxsurprise8 Posted 10 Mar. in #EUR/JPY #Breakout #Profit #Simple #Backtest #Simple SystemFor longs:
Place a Buy stop order at the high of the 4 Hour breakout box + 20 pips (+2 pips added for the spread)
For shorts:
Place a Sell stop order at the low of the 4 Hour candle - 20 pips
Rules
Here are the rules I used during the backtest. I tried to keep the rules simple and robust to avoid curve-fitting the data. The stoploss is placed at the opposite side of the of the breakout channel. If we are long we exit our trade when price breaks the low of the breakout channel and we simultaneously enter a short trade. But we only take …