Breakout using CCI and ATR with a well-equipped money management feature EA "LightHope"
We introduce the MT4-exclusive 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 will introduce the newly released MT4-exclusive automated trading software (EA) 'LightHope' from the SkyForex Series
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!
'LightHope' Basic Specs and Features
'LightHope' is easy to handle for beginners to advanced users with a simple specification, yet it is equipped with full-fledged functions.
Recommended currency pair is EURUSD
。 The time frame used is the 1-hour chart (H1)
。 Typically operates with a single lot of 0.1 Lot
。 Depending on market conditions, it may hold both sell and buy positions simultaneously (hedging)
。
Trading Logic Utilizing Indicators
This EA combines CCI and ATR to accurately capture market momentum and volatility
Entry signals are determined using CCI (period 20)
。 When CCI exceeds 105.6, it is in a buy (LongEntrySignal) standby state; when it falls below -105.6, it is in a sell (ShortEntrySignal) standby state
。 After the signal lights up, a stop order (Buy Stop / Sell Stop) is placed 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 at 115 pips
。 A trailing stop function using 3.5 times the ATR (period 145) follows profits to the maximum
。 If a position is held and the market stagnates, it exits after 46 bars (46 hours)
。
Rigorous Risk Management and MM (Money Management) Features
For prolonged EA operation, avoiding unnecessary risk is most important.
To avoid weekend gap risks, it does not hold positions across weeks
。 A safety design that forcibly closes all positions at 20:40 on Friday
。 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 calculated within the range of 0.01 to 1 Lot based on the predicted stop loss position
。
20 Years of Long-Term Backtesting Results
As proof of viability over a long market period, backtest data for EURUSD (1-hour) from May 2003 to January 2023, spanning about 20 years, is published
Profit Factor (PF) is 1.38, indicating a very solid figure
。 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 a typical "cut losses, let profits run" tendency. By tolerating occasional losses and using trailing stops when in a trend, it accumulates total profits—an extremely realistic and excellent system.
In Conclusion
'LightHope' is an EA suited for long-term operation, combining meticulous indicator analysis with strong money management capabilities. How about adding this system, which logically confronts market uncertainty, to your portfolio?
If you're curious, please check the product page for details!
▼ Details and Purchase for 'LightHope'