Dynamic Rangebreakout
I share my lastest "found" Setup.
The idea is to identify the breakout from the last high/low. I'm using 52 M15 candles to determine this. I've also applied a time filter from 02:05 to 14:30 (broker time IC Market). The stop loss is relatively tight, with a ratio of approximately 1:2.5. I haven't tested a trailing stop loss.
NO Maringale, I believe "founded friendly".
For the backtest below, I used 0.03 Lot per 1000 USD. setfile is attached.
MT version:
Set for MT5 only
EA version:
3.1.6
Symbol:
USDJPY
TimeFrame:
M15 (52x)
It looks great! Thanks for sharing!