Daily Breakout Centipede System - MT4/MT5 Resources

Daily Breakout Swing Trading Centipede System

Simple rules:
i) Swing trade based on daily breakout if signal confirms buy/sell
ii) Add more trades in core open trade direction - build centipede every 40 points distance
iii) On signal reversal, close all open trades and place new trades in the opposite direction of the new signal.
iv) Check spreads below 3 pips before placing a trade.

Example: GBP/USD 1.3042 Daily Sell Signal Breakout of Core Position i) 1 Sell GBPUSD 1.3042
ii) Stop loss GBP/USD 1.3002 (if triggered at 40 pips distance new stop loss is 1.2962 and so on until the core signal reverses)

Attached is the EA daily chart I have written the same code, please feel free to go back/forward to test and make a best/robust version to share, which can benefit everyone.

From October 2019 to March 2020, backtesting of GBPUSD daily 10k accounts (lot size 0.01):


Any new ideas are welcome.

cheers,
Scooby Doo Doobie