Object-Oriented London Breakout Robot Available for MetaTrader 5
We've recently improved our MetaTrader 4 London Breakout expert advisor, and now we've released a port of that "robot" to MetaTrader 5, using the new object-oriented features of the MQL5 language. You can download the MQL5 source code from our Community forum.
Needless to say we've also fired up the MetaTrader 5 strategy tester and run a couple of backtests. This sort of strategy is traditionally supposed to work best with Cable, but that's not what our initial tests show. Here's the backtested equity curve using the default input settings for GBP/USD:
and here are the results for EUR/USD:
I know which I'd prefer to be trading!