Nikkei Breakout Zones

Nikkei Breakout Zones Nikkei Breakout Zones Nikkei Breakout Zones
TimeFrame: M15
Profit factor 1.58
Instrument: CFD indices
Supported platforms: MetaTrader 4, MetaTrader 5, StrategyQuant
Type: Breakout

The JP_15_861542546_S_BB_CF_SQX is an algorithmic trading strategy for MetaTrader, tested on JP using the M15 timeframe from December 7, 2017, to June 2, 2023. Key details are:

Parameters MagicNumber: 861542546 Main Chart: Current symbol and timeframe

Trading Options
Weekend Trading: Allowed (Friday 00:38 – Sunday 00:38)
Daily Exit: Disabled (15:00)
Friday Exit: Enabled at 19:00
Max Trades/Day: No limit Stop Loss (SL) and Profit Target (PT): No predefined limits

Entry Signals
Long Entry: Triggered when DeMarker (period 30) changes direction upwards and ADX DI Minus is falling.
Short Entry: Triggered when the upper band of Bollinger Bands (period 190, deviation 1.9) is higher than HighDaily for 8 bars, and HighDaily is lower than the previous day’s HighDaily.

Entry Rules
Long Entry: Opens long orders at the upper band of Bollinger Bands (period 165, deviation 1.89) Stop, valid for 71 bars, with a SL of 0.5% and moves SL to break-even at 1.8 times the ATR(198). Exit after 55 bars.
Short Entry: Opens short orders at the lower band of Bollinger Bands (period 131, deviation 0.99) Stop, valid for 51 bars, with a SL of 0.5% and moves SL to break-even at 3.1 times the ATR(50). Exit after 25 bars.

Exit Rules
Long Exit: Closes full position if market is long and no LongExitSignal is active.
Short Exit: Closes full position if market is short and no ShortExitSignal is active.

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