Breakout using CCI and ATR! EA "LightHope" with comprehensive money management features
Introducing the MT4-exclusive 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 take a closer look at its魅力 and characteristics!
Hello readers!
This time, we introduce the newly released MT4-exclusive automated trading software (EA) "LightHope" from the SkyForex Series
It is a system packed with meticulous logic and risk management features aimed at stable asset management. Let’s quickly take a closer look at its魅力 and characteristics!
Basic specifications and features of "LightHope"
"LightHope" is a simple specification that is easy for beginners to handle yet equipped with full-fledged features.
Recommended currency pair is EURUSD
. Time frame used is 1 hour (H1)
. Typically 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 uses a combination of CCI and ATR to accurately capture market momentum and volatility
Entry signals are determined using CCI (period 20)
. When CCI exceeds 105.6 it is a buy (LongEntrySignal); when it falls below -105.6 it becomes a sell (ShortEntrySignal)
. After the signal lights up, place a stop order (Buy Stop / Sell Stop) with a price range 2.5 times the ATR (period 30) to target a breakout
. Stop loss is automatically set to 1.9 times the ATR (period 20) in pips
. Fixed profit target is set to 115 pips
. A trailing stop using 3.5 times the ATR (period 145) is employed to maximize profits
. If the position is held and the market stalls, it will exit after 46 bars (46 hours)
.
Thorough risk management and MM (money management) features
For long-term EA operation, avoiding unnecessary risk is paramount.
To avoid sudden window opening risks over the weekend, positions are not held across weeks
. Safety design that forcibly closes held positions at 20:40 on Friday
. By turning the 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 yen, the optimal lot size in the range 0.01–1 Lot is automatically determined based on the predicted stop loss position
.
20 years of long-term backtesting results
As proof that it can endure long market periods, backtest data for EURUSD (H1) from May 2003 to January 2023, spanning about 20 years, has been released
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 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. While allowing temporary losses, it builds total profit with trailing stops when trends occur—an extremely realistic and excellent system.
In conclusion
'LightHope' is an EA suitable for long-term operation, combining meticulous indicator analysis with robust money management features. How about adding this system, which logically confronts market uncertainty, to your portfolio?
If you’re interested, please check the product page for details!
▼ Details and purchase of "LightHope"