Breakout using CCI and ATR with a well-equipped risk management feature EA "LightHope"
We introduce the MT4-specific automated trading software (EA) 'LightHope'
A system packed with precise logic and risk management features for those aiming for stable asset management. Let’s take a closer look at its魅力 and features!
Hello to all readers! This time, from the SkyForex Series, we introduce a notable MT4-only automated trading software (EA) newly released, 'LightHope'.
A system packed with precise logic and risk management features for those aiming for stable asset management. Let’s take a closer look at its魅力 and features!
Basic specs and features of 'LightHope'
'LightHope' is designed to be simple enough for beginners to use while packing professional-grade features.
Recommended currency pair is EURUSD
. The time frame used is 1 hour (H1)
. Usually operates with a single lot of 0.1
. Depending on market conditions, it may hold both long and short positions (hedging)
.
Trading logic using indicators
To accurately capture market momentum and volatility, this EA combines CCI and ATR
Entry signals are judged using CCI (period 20)
. CCI above 105.6 signals a long entry, while below -105.6 signals a short entry
. After the signal lights up, a 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 at 1.9 times the ATR (period 20) in pips
. Fixed take profit is set at 115 pips
. Trailing stop feature using 3.5 times ATR (period 145) to chase profits as much as possible
. If the market stalls after a position is held, it will exit due to time elapsed after 46 bars (46 hours)
.
Thorough risk management and MM (money management) features
When operating an EA for a long period, avoiding unnecessary risk is most important.
To avoid weekend gap risks, positions are not held across weeks
. Safety design to forcibly close all held positions at 20:40 on Friday
. By turning the MM (money management) function to True, it's possible to control lot size with maximum loss risk limited
. For example, if the maximum loss risk is set to 5,000 yen, the optimal lot size from the projected stop loss location is automatically set within the range of 0.01 to 1 Lot
.
20 years of long-term backtest results
As proof that it can survive long-term markets, backtest data on EURUSD (1-hour) from May 2003 to January 2023, spanning about 20 years, is published
Profit Factor (PF) is 1.38, a very stable 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 indicates the classic "cut losses, let profits run" tendency. Accepting temporary losses while riding trends with trailing stops to accumulate total profit makes it a highly realistic and excellent system.
In conclusion
'LightHope' is an EA suitable for long-term operation, combining meticulous indicator analysis with strong capital management features. How about adding this system, which logically faces market uncertainty, to your portfolio?
If you're curious, please check the product page for details!
▼ Details and purchase of 'LightHope'