Break through the straddle! (Breakout Straddle!) | Foreign exchange EA download- MT4/MT5 resources

As many of you know, many currency pairs exhibit regular patterns that can be used to harvest pips (love that word, haha). After following a few topics and doing some research, I have successfully played the following system over the past week. While this is a relatively short-term testing frame of reference, if you look closely at past charts, you'll see that this can be quite profitable if done correctly.

This isn't my system as I'm sure I've thought about it before. For those who are new to this game, I'm putting my findings here for you to use and to see if anyone has some suggestions or comments to make it better. If you decide to give it a try, you do so at your own risk!

Most GBP pairs break out around 2:00 AM ET. In many cases it will be preceded by a false breakout in the opposite direction of the main direction. I've had success with the following crossovers:

GBP/USD

At 11pm EST, I straddle the current price as follows:

Straddle: 25 points Stop loss: 25 points Take profit: 55 points

GBP/JPY

Straddle: 35 points Stop loss: 35 points Take profit: 85 points

I also noticed that EURUSD started to move around around 1:00-1:30 AM ET. I don't usually get up at this time of night, but I did a few months of backtesting and found the following:

A straddle is placed based on the closing candle at 1:30 AM (30m chart).

Straddle: 20 points Stop loss: 15 points Take profit: 30 points

Does anyone know if there is an EA that can place orders, S/L and T/P based on the price at a specific time? This would be the a$$ of the cat and would also help the GBP pair (putting a straddle around 2:00-2:30 AM will greatly reduce losses due to the occasional false breakout).

I hope this is of value to someone! Any suggestions/criticisms welcome...

Take care of yourself,

Large noodles