Topic: Early Morning Breakout Backtesting on EURUSD and GBPUSD
Please could someone point me in the right direction.
I am using Forex Strategy Builder to backtest some early morning breakout strategies hopefully then to automate using MT4 platform with Forex Strategy Software.
I have read the tutorials but do not seem to be able to master the software and it is probably something simple that I am missing out.
The historical data I am using is tick data from Dukascopy (JForex) and I am trying to backtest an Early Morning Breakout strategy on EURUSD and GPBUSD. I used the FSB guide to download this and changed the data directory to point at the new folder but it does not seem to recognise it and says there is no data in the folder although there is!
I would like to run a report on these two currency pairs opening a position 7pips above the hourly high between 00.00 and 06.00 GMT and conversely the short position. Trades would be entered between 06.00 and 13.00 GMT.
I have used three opening logic conditions entry time, day of week and hourly high low. I have input strategy properties as permanent stop loss 20 pips and permanent take profit at 100 pips. I am not sure what I would use as the closing point of the position or closing logic condition?
There is no journal/report or equity/profit/loss position showing even when I use 1 day data. Although this data appears to be showing in the left hand window of FSB and in the right hand top window under account statistics it shows the bars tested.
Is there anyone that can help me with this? Is there something obvious that I am doing wrong. Do I need to convert data? or activate something else to generate the report?
I would really appreciate it. Many thanks.