Timed Dual Stop Orders for a One-Hour Breakout Test

Summary

This Expert Advisor tests a time-based breakout approach. At 15:00 Moscow time, it places a buy stop and a sell stop 100 points from the current price, with a 200-pip stop loss on each order and no take-profit target. If one order triggers, the other remains active, so both sides can potentially open positions. At 16:00, any untriggered pending order is deleted; open positions are closed regardless of profit or loss.

The document describes the rules of the test, but gives no backtest results, market, data period, or evidence that the strategy is profitable. It also warns that the software is intended to evaluate the trading idea rather than code quality. The fixed schedule, stop distance, and lack of a profit target are central design choices; their suitability may vary with the instrument, volatility, trading costs, and execution conditions.

Key ideas

• The strategy places buy-stop and sell-stop orders at a set time, offset from the current price.
• Each pending order has a stop loss and no take-profit level.
• The second pending order remains active after the first is triggered.
• At the scheduled cutoff, untriggered orders are removed and open positions are closed.
• The document provides rules but no performance evidence or tested market context.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.