ATR Break Out
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Thread: ATR Break Out

  1. #1


    RISK WARNING All Expert Advisors (Robots), Indiors, Trading Systems Published by me #8203;are Trading Tools Designed for Experimental purposes. Using any of these tools on a real account carries a high level of risk. I won't be held responsible for any losses incurred by any one utilizes these tools.

    (ABO) Trading System is an automated trading platform (aka EA, bot, robot), that utilizes Average True Range (ATR) break out as an entry signal at the direction of the split out.

    ABO is using Pending Cease Orders which are calculated based on ATR parameters at the beginning of new bar.
    Un-triggered orders are deleted prior to placing new orders.

    ABO robot has been born at the Robot Lab Project and proceeded to the dedied thread to grow on its own.

    The machine utilizes ATR multipliers (same theory implemented in Substantial Candle) for Break Out, Stop Loss, Take Profit and Trailing Stop.
    Position Size could be adjusted or automatically calculated based on Risk type and Stop reduction for each transaction.

    MACD and RSI filters (suggested by auvergnat78) may be applied.

    System Inputs:


    Note: Default ATR period 50

    Sample Evaluation Screen Shot:



    Sample Evaluation EUR/USD H1 2015 with default settings.



    VERSION CONTROL : Version 4: Post # 1. Version 5 (final): Post # 70. Version 6 (filters): Post Number 104 https://www.forexsoutheast.asia/atta...1707342332.ex4

  2. #2
    Work Abokwaik!!
    How do I fix the mismatched chart error?
    tx
    S

  3. #3
    Quick Answer: By Loading historical data that is better.

    OK. Words about back testing.Back Testing is not a proof of profitability it's the first tool that I use to validate a new trading idea, and be certain that the robot is working as per the rules. A fantastic ROIpercent vs DD% percentage (i.e 2 and over ) is a first indiion the robot may survive market altering conditions, specially when applied to extended period and generated good number of trades (min. 30). The role of using Filters is to minimize false signals (loosing trades), it is going to lessen the amount of trades taken. Back Testing Data Quality significance gains for reduced time frames and decreases for higher time frames Back Testing may be utilized to reach settings sets that can be used later on in forward analyzing or live trading Therefore don't obey the mismatched chart mistakes.

    The second testing phase of a robot will be by forward analyzing it on a demo account.
    If it performs well for a minimum of 30 trades, just you might try it on a real account.

  4. #4
    Hi Abokwaik

    Thank you to your development of the nice Tool.

    Could I use it to other pairs? Or only EURUSD.

    Regards

  5. #5

  6. #6
    Tx Abokwaik but I downloaded all history accessible.
    broker is FXCM.
    Nevertheless mismatch error
    S

  7. #7
    Trading time is based on broker's time or time computer?

  8. #8
    Quote Originally Posted by ;
    trading time relies on broker's time or local time computer?
    Broker time.My settings for EURUSD is for European semester.

  9. #9
    Nice one like all of your work.


    Subscribed.

  10. #10
    It appears very promising for you. I wish you the Very Best on your forwards testing, and optimistic for you You've created a winner

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