Simple Daily Range Breakout Journal

Hi Everyone,

I am staring my journal for premium EA called simple daily range breakout....

I have started trading last week in two different accounts. I have tried to divide the pairs between these two accounts. I might reshuffle the pairs and i really love the performance of both accounts so far...

By default, Igor and ND suggested to trade only USDCAD, USDCHF AND USDJPY but i am trading many pairs to see the performance...

Please note that these both accounts are live accounts....

If you have any question please feel free to ask and i will try to explain or i will ask igor or ND to participate and reply to your question...

Thanks for your time...

Alright here are the screenshots i just took from both accounts...i will post one by one to see the performance of the ea...

Deposite - $500 and made loss of around $225 dollars by other eas so when i started this ea i had left $275 in account...

Attachment 18630

this is for the day 03 of February,2016. I am really excited to see more results in upcoming days...

thanks

This is same account day 2 with more results...

Attachment 18631

good results but the screenshot is not nice...sorry about that...i checked account and it was $69 profit...

thanks

Same account Day 3 with some results

Attachment 18632

11.61 profit but i like it...because it is positive results...

thanks

This is the next day but bad day...as it was stuck with two pairs and i had to close it in loss...

Attachment 18633

loss and profit is part of our business and we should accept it...

thanks

One more screenshot....very little profit...

Attachment 18634

All previous screenshot from the one account and now i am posting 2 more screenshot from other account...

Attachment 18635

first day made $28 in 400 dollars account...

thanks

and this is one more screenshot from the same account...

Attachment 18636


made $6 dollars but not bad...

so one account is currently around $435 and other one is around $375...

lets see how far we go?

thanks

Here is yesterdays tally for both accounts....

Attachment 18668

Attachment 18669

both account were positive small profit. Have floating drawdown about 8% and 10% in both accounts but i am sure that they will give me good profit tomo...

will update again...

thanks

Hi, shg

Using the default parameters?

Quote:

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Originally Posted by boot

Hi, shg

Using the default parameters?

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yes all default parameters...yet watching them closely...i may change for some pairs but i will wait atleast one month to finalise...

posting today's screenshots...

thanks

EA done the good job yesterday...lets see how it goes today...

Attachment 18693

Attachment 18694

both account is going good...will cross $500 soon in both account...

regards

Hi Everyone,

Did the good job and made good profit...both accounts finally hit the $500...now target is $1k...Hopping to see the figure soon...will see how much time it takes to get to the 2nd goal...

Attachment 18717

Attachment 18718

Good Luck to everyone...

Note to me: - Axi is $513 and Pepper is $547...

This post will help me to track the time taken to achieve the second target...

Allright...Today when market closed, it was not a very good day...

One account made only 10.66 and other one opened 2 trades which are still running so will wait for monday...

thanks

Not bad...Its continue its way to the next target...

check attached images...

Attachment 18857

Attachment 18858

hi shg,

were i can download the EA that u have currently use nw? can u share the template of the setting u currently use nw?

thanks

Quote:

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Originally Posted by adamlo

hi shg,

were i can download the EA that u have currently use nw? can u share the template of the setting u currently use nw?

thanks

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Hi Mate,

this EA is available in premium section and premium section is worth paying...I am using default settings which is already set in EA...after trading few weeks i will reshuffle the settings...

thanks

EA continue to its flaw...as usual it made me profit...but remember i am always having 10% floating drawdown...

Attachment 18879

Attachment 18880

thanks everyone...

Today's tally...

Attachment 18894

Attachment 18895

thanks everyone

Hi Everyone,

today is not a very good day...i am not taking screenshot...feeling lazy...

One account made only $3 and other one made $15...

thanks everyone

hi shg,

how many pair u using this EA monitor?

Quote:

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Originally Posted by shg

Hi Everyone,

today is not a very good day...i am not taking screenshot...feeling lazy...

One account made only $3 and other one made $15...

thanks everyone

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Hi shg,

ANy particular pairs that stand out in successfull trades, or losses? What are your favorites?

Quote:

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Originally Posted by CamaRon

Hi shg,

ANy particular pairs that stand out in successfull trades, or losses? What are your favorites?

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Well i have seted up two live accounts for this EA both of them have different pairs...One account i have started on 2nd feb and other one started on 8th feb...so far what i have concluded is it is really good to trade trending currency..for example GBPJPY gave me really good profit in sell trades...It gave me consecutive wins and bank me more than $25 for 0.01 lot each time so you have to study and find out which are the trending pairs...I think EA is good for all pairs...At the moment i am not studying the trending pairs or ranging pairs but what i do is once the trade is open i wait for one day to bank the profit...if what ever left negative i keep them and set 20 to 30 pips TP...till now i have seen that they comes back and hit the TP...we might have to wait for 2 to 3 days...

Main part of my trading is money management so my account always survive...I am aiming to have to 0.01 lot for every $400 at this stage...Once i reach to $3000 balance i will have 0.01 lot for every $500. But the best and safest setting is 0.01 lot for every $1000...you will never blow up your account...I am experimenting at the moment and if i blow my account, i wont mind because i have other manual strategy account which is main account for me...

I have taken only one loss which was gbpnzd (i dont remember if i have taken more losses but if i have taken then they must be very small compare to profit). As you know this one is big mover so i has close in loss. It was $50 minus and i waited to retrace and it retrace and i took about $22 loss otherwise i have not taken any other loss...myfxbook account looks very good....LOL...all green in myfxbook account...and drawdown is also under control...

regards

Quote:

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Originally Posted by adamlo

hi shg,

how many pair u using this EA monitor?

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Hi adamlo,

i am trading 14 pairs on each account...and they are not repeating...

thanks

Alright guys,

I was away on weekends so i didnt updated for friday...

One account i made only $4.15 and other account $15.51...

hope we have good pips this week...

thanks

Here is today's tally...Very unlucky for gbpcad and gbpnzd...

i thought its too low and i closed very early and lost almost 500 pips...but no regret because i will always have opportunity...

Attachment 18989

Attachment 18990

Also taking loss in gbpchf by tomo...i have sell open and have doubt that gbp will start north so i am prepared to take loss in gbpchf...

good luck to everyone...

regards

shg,

what take/profit method is the ea using ?

HI CamaRon,

i didnt set tp/sl...as ea close the trade next day if its positive and if its negative then it will wait to be positive...you can set your own if you want or you can close manually...i do close the positive trade early many times...

Guys, last week i was out and didnt post anything...on friday i took about $60 loss in JPY pairs because i was not sure to keep them...

i will start posting from tomo...

regards

Premium section EA -

Attachment 36397

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Attachment 36398

SimpleDailyRangeBreakExpert_v1.3 600+ EA is on this post. This is updated SimpleDailyRangeBreakExpert EA.

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In this article, we will explore how to create an Expert Advisor (EA) in MetaQuotes Language 5 (MQL5) based on the Daily Range Breakout strategy. As traders continuously seek effective automated trading solutions, the Daily Range Breakout strategy offers a systematic approach that capitalizes on price movements beyond a defined range, making it an attractive option for Forex traders in MetaTrader 5.

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