Breakout using CCI and ATR! An EA "LightHope" with comprehensive money management features
Introducing the MT4-only automated trading software (EA) 'LightHope'
This is a system packed with meticulous logic and risk management features for those aiming for 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 newly released MT4-only automated trading software (EA) 'LightHope' from the SkyForex series
This is a system packed with meticulous logic and risk management features for those aiming for stable asset management. Let’s quickly take a detailed 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 the 1-hour chart (H1)
. Usually operates with a single 0.1 Lot
. Depending on market conditions, it may hold both long and short positions (hedging)
.
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) 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 ATR (period 20) in pips
. Fixed profit target is set at 115 pips
. A trailing stop feature using 3.5 times ATR (period 145) follows profits to the maximum extent
. If the position is held and the market stalls, it will exit after 46 bars (46 hours)
.
Rigorous Risk Management and MM (Money Management) Features
When running an EA over a long period, avoiding unnecessary risk is most important.
To avoid weekend gap risks, positions are not held across weeks
. Safe design that forcibly closes positions at 20:40 on Friday
. By turning MM (Money Management) function to True, lot control that limits maximum loss risk is possible
. For example, if the maximum loss risk is set to ¥5,000, based on the predicted stop loss position, the optimal lot size in the range of 0.01–1 Lot is automatically set
.
20 Years of Long-Term Backtesting Results
As proof of durability over long market periods, backtest data for EURUSD (1-hour) from May 2003 to January 2023, spanning about 20 years, is publicly available
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 across the long term
. Total trades: 1,289
. Win rate (Profit trades): 38.79% (500 trades)
.
The win rate itself is modest, but this reflects a typical 'small losses, large gains' trend. Allowing momentary losses while riding trends with trailing stops, it accumulates total profit—an extremely realistic and excellent system.
In Closing
'LightHope' is an EA suitable for long-term operation, combining meticulous indicator analysis with strong money management features. Why not add this system to your portfolio to logically confront market uncertainties?
If you're interested, please check the product page for details!
▼ Details and Purchase for 'LightHope'