Breakout utilizing CCI and ATR with a well-equipped money management feature in the EA "LightHope"
Introducing the MT4 dedicated automated trading software (EA) 'LightHope'
It is a system packed with meticulous logic and risk management features for those aiming for stable asset management. Let's promptly take a detailed look at its魅力 and features!
Hello to all readers! This time, we introduce the MT4-dedicated automated trading software (EA) 'LightHope' that has newly released in the SkyForex Series
It is a system packed with meticulous logic and risk management features for those aiming for stable asset management. Let's quickly take a closer look at its魅力 and features!
LightHope Basic Specs and Features
LightHope is designed to be simple enough for beginners to use yet equipped with full-fledged features.
Recommended currency pair is EURUSD
. Timeframe used is 1-hour chart (H1)
. Normally operates with a single 0.1 Lot
. Depending on market conditions, it may hold both long and short positions simultaneously (hedging)
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Trading Logic Using Indicators
This EA combines CCI and ATR to accurately capture market momentum and volatility
CCI (period 20) is used to determine entry signals
. When CCI exceeds 105.6, it is in a buy (LongEntrySignal) waiting state; when it falls below -105.6, it is in a sell (ShortEntrySignal) waiting state
. After a signal lights up, place a stop order (Buy Stop / Sell Stop) at 2.5 times the ATR (period 30) price range to target a breakout
. Stop loss is automatically set to 1.9 times the ATR (period 20) in pips
. Fixed profit target is set to 115 pips
. Trailing stop function using 3.5 times the ATR (period 145) to maximize profits
. After holding a position, if the market stalls, it will exit after 46 bars (46 hours)
.
Rigorous Risk Management and MM (Money Management) Features
When operating an EA for a long period, avoiding unnecessary risk is crucial.
To avoid weekend gap risks, it does not hold positions across weeks
. Safe design that forcibly closes open positions at 20:40 on Fridays
. By turning MM (Money Management) to True, it enables lot control that limits maximum loss risk
. For example, if the maximum loss risk is set to 5,000 yen, the optimal lot size is automatically determined within the range 0.01–1 Lot by back-calculating from the predicted stop loss position
.
20 Years of Long-Term Backtesting Results
As proof of enduring market resilience, backtest data for EURUSD (H1) from May 2003 to January 2023, about 20 years, are published
Profit Factor (PF) is 1.38, a very solid figure
. Total net profit is 1,151,035.27
. Maximum drawdown is 7,099.54 (7.02%), kept low over the long term
. Total number of trades is 1,289
. Win rate (Profit trades) is 38.79% (500 trades)
.
The win rate itself is modest, but this demonstrates the typical 'cut losses, let profits run' tendency. Allowing for occasional losses while riding trends with trailing stops, it is a very realistic and excellent system that accumulates total profit.
In Conclusion
'LightHope' is an EA suitable for long-term operation, combining precise indicator analysis with robust money management features. How about adding this system, which logically confronts market uncertainties, to your portfolio?
If you're curious, please check the product page for details!
▼ Details and Purchase of 'LightHope'