Breakout using CCI and ATR! An EA "LightHope" with robust money management features
We introduce the MT4 exclusive automated trading software (EA) 'LightHope'
It is a system packed with precise logic and risk management features aimed at those seeking stable asset management. Let's quickly take a closer look at its魅力 and features!
Hello to all readers!
This time, we introduce the newly released, attention-worthy MT4 exclusive automated trading software (EA) 'LightHope' from the SkyForex Series
It is a system packed with precise logic and risk management features aimed at those seeking stable asset management. Let's quickly take a closer 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 genuine features.
Recommended currency pair is EURUSD
. Timeframe used is 1-hour chart (H1)
. Normally operates with a single lot of 0.1
. Depending on market conditions, it may hold both short and long positions (hedging)
.
Trading logic utilizing indicators
To accurately capture market momentum and volatility, this EA combines CCI and ATR
Entry signal determination uses CCI (period 20)
. When CCI exceeds 105.6, it is in a buy (LongEntrySignal) wait state; when it falls below -105.6, it is in a sell (ShortEntrySignal) wait state
. After the signal lights up, a stop orders (Buy Stop / Sell Stop) are placed at a price range 2.5 times the ATR (period 30) to target a breakout
. Stoploss is automatically set to 1.9 times the ATR (period 20) pips
. Fixed profit target is set at 115 pips
. Trailing stop function using 3.5 times the ATR (period 145) to maximize profits
. If the position is held and the market stagnates, it will be exited after 46 bars (46 hours)
.
Rigorous risk management and MM (money management) features
When running an EA for a long period, avoiding unnecessary risks is most important.
To avoid weekend gap risks, no positions are held across weeks
. Safety design to forcibly close open positions at 20:40 on Friday
. By turning MM (money management) function to True, the system can control lot size within the maximum loss risk
. For example, if the maximum loss risk is set to 5,000 yen, the optimal lot size is automatically set within the range of 0.01–1 Lot by backward calculation from the predicted stop loss position
.
20 years of long-term backtest results
As proof that it can survive long market periods, backtest data for EURUSD (1-hour) from May 2003 to January 2023, spanning about 20 years, is公開されています
Profit factor (PF) is 1.38, 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 shows the typical "cut losses, let profits run" tendency. Accepting temporary losses while riding trends with trailing stops can accumulate total profits, making it a very realistic and excellent system.
In conclusion
'LightHope' is an EA suitable for long-term operation, combining meticulous indicator analysis with strong money management features. 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 of 'LightHope'