Breakout using CCI and ATR! An EA "LightHope" with full-fledged money management features
Introducing the MT4-specific automated trading software (EA) 'LightHope'
It is a system packed with meticulous logic and risk management functions aimed at stable asset management. Let's quickly take a detailed look at its魅力 and features!
Hello to all readers!
This time, we introduce the new MT4-specific automated trading software (EA) 'LightHope' newly released from the SkyForex Series
It is a system packed with meticulous logic and risk management functions aimed at stable asset management. Let's quickly examine its魅力 and features in detail!
Basic specs and features of 'LightHope'
'LightHope' is a simple specification easy for beginners to advanced users to handle, yet equipped with full-fledged features.
Recommended currency pair is EURUSD
. The time frame used is 1-hour (H1)
. Typically operates with a single 0.1 lot
. Depending on market conditions, it may hold both buy and sell positions (hedging)
.
Trading logic using indicators
This EA combines CCI and ATR to accurately capture market momentum and volatility
Entry signal determination uses CCI (period 20)
. When CCI exceeds 105.6, it is in a buy (LongEntrySignal) standing state; when it falls below -105.6, it is in a sell (ShortEntrySignal) standing 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 (Stoploss) is automatically set at 1.9 times the ATR (period 20) in pips
. Fixed profit target is set at 115 pips
. A trailing stop feature using 3.5 times the ATR (period 145)追踪s profits to the maximum
. If a position is held and the market stagnates, it will be closed by time after 46 bars (46 hours)
.
Rigorous risk management and MM (money management) features
For long-term operation of an EA, avoiding unnecessary risk is most important.
To avoid sudden weekend gap risk, it does not hold positions across weeks
. Safety design to forcibly close held positions at 20:40 on Friday
. By turning MM (money management) function to True, it is possible to control lot size to limit maximum loss
. For example, if the maximum loss risk is set to ¥5,000, the optimal lot size in the range of 0.01–1 Lot is automatically determined by backward calculation from the predicted stop-loss position
.
20 years of long-term backtest results
As proof of surviving long market periods, backtest data for EURUSD (1-hour) from May 2003 to January 2023, spanning about 20 years, is 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 at a low risk 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 reflects the typical “cut losses, let profits run” tendency. By tolerating occasional losses and using trailing stops when a trend is in place, total profits accumulate. It is a highly realistic and excellent system.
Finally
'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 uncertainties, to your portfolio?
If you’re curious, please check the product page for details!
▼ Details and purchase of 'LightHope'