breakout strategy.
I've been trading forex for almost 8 years, I've been following my fabulous "breakout" strategy for the past 1 year (attached here, I had found another forum). Result is positive, every month plus or minus 30% profit, but it was a bit tiring because I have to stay in front of monitor from morning to evening (if it takes tp advance, and rest).
I saw this fantastic post, I really hope you can make robot "breakout".
I know very well "martilanga" system, it is very dangerous (I have had so many bad experiences and learned a lot), but this strategy to follow "serious regulation" should be very dangerous, I explain better why.
Morning take operations (I use more often 2 pairs: gbp / usd and gbp / jpy, also another pair eur / usd but less profit) and finally evening close everything also loses profits, then next day resume new operation, so on.
How to see these photos, example blue circle:
GBP / USD, from 00:00 to 08:00 (blue color zone), check candlesticks 1H timeframe, maximum prices (1.3415) and minimum (1.3372), distant 44 pip example as shown picture. The maximum one prepares buy stop and the minimum sell stop. Put stop loss 44 pip and tp 44 pip. If it touches maximum price and starts "first entry" buy 0.1, that sell stop changes batch double 0.2 (martilanga). If it drops, touches the minimum price, starts "second entry" sell 0.2. That "first entry buy" closes thanks sl. and put again buy stop lot 0.4, always sl and tp 44 pip, so on. Until the evening at 11 pm close everything (but photos, already hit tp). Next day begins again adventure ...
Couples gbp / usd and gbp / jpy, Maximum and minimum prices exceed 25 pip, can operate, if less than 25 pip, it is better not to do, too risky because pip is tight, can hit so many "revenue" and lot increases because martilanga, this it becomes dangerous. It happened to me one day losses over € 3500 with lot 1.00 (4 total revenue as much as 15.00 lot) but after a few days it recovers all quickly "losses" money.
Is this system possible to make robots?
Let me know and thank you