Breakout Using CCI and ATR! EA "LightHope" with Robust Money Management Features
We introduce the MT4-only automated trading software (EA) 'LightHope'
It is a system packed with meticulous logic and risk management features aimed at stable asset management. Let's quickly examine its魅力 and characteristics in detail!
Hello to all readers!
This time, we introduce the MT4-exclusive automated trading software (EA) 'LightHope' that has been newly released from the SkyForex Series
It is a system packed with meticulous logic and risk management features aimed at stable asset management. Let's quickly examine its魅力 and characteristics in detail!
'LightHope' Basic specs and features
'LightHope' is a simple specification that is easy for beginners to advanced users to handle, yet it is equipped with genuine functionality.
Recommended currency pair is EURUSD
. Timeframe used is 1-hour (H1)
. Normally operates with a single 0.1 Lot
. Depending on market conditions, it may hold both long and short positions simultaneously (hedge)
.
Trading logic using 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 a buy (LongEntrySignal); when it falls below -105.6 it is a sell (ShortEntrySignal) in standby
. After the signal lights up, place a stop order (Buy Stop / Sell Stop) with a width 2.5 times the ATR (period 30) to target a breakout
. Stop loss is automatically set at 1.9 times the ATR (period 20) in pips
. Fixed profit target is set at 115 pips
. Trailing stop feature using 3.5 times the ATR (period 145) maximizes profit following
. 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
Keeping an EA running for long periods requires avoiding unnecessary risk, which is most important.
To avoid weekend gaps, it does not hold positions across weeks
. Safety design that forcibly closes all open positions at 20:40 on Friday
. By enabling MM (money management) function, lot control is possible with limited maximum loss risk
. For example, if the maximum loss risk is set to 5,000 yen, the optimal lot size within the range of 0.01–1 Lot is automatically configured by calculating backward from the predicted stop loss position
.
20 years of long-term backtest results
As proof that it can withstand long-term market conditions, 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 a long period
. 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 a typical "small losses, large gains" tendency. Allowing for occasional losses while riding trends with trailing stops to accumulate total profits, it is a highly realistic and excellent system.
Finally
'LightHope' is an EA suited 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!
▼ For details and purchase of 'LightHope'