CarbonElemental

Here's the system using a $1k stop on each trade. $1k stop is the optimal over this span of data without adding in more filtering. Net is that total profits are now $28,900 and profit factor of 1.09 raw (1.16 long and 1.03 shorts). 1.02 adjusted overall. Max consec losing trades is 8. Based on a visual scan of the trades, it would need to treat short and long trades differently, with the long trades needing more room stop wise and the short trades could have a tighter stop.

Here's the first pass results, equity chart from 9/06 to 6/24/09 (attached). The steady profit trend on the graph was from 1/08 to 10/08 (peak equity was right before the Oct crash). Some explanations and limitations: 1)This is run using 1 contract ES futures contract, $2.50/commission each way (what I pay) 2)Rules for the test: *High and Low of the open bar (15 min on this test) set the breakout markers *1 trade only per day *Exit on the close *Entry was by the first close above the open bar high, or below the open bar low *No entries taken after 11AM *No Stops or Profit targets used. Numbers for the system, trading 1 contract: Net profit - $20,585 Profit factor - 1.12 Percent profitable - 49% Avg trade profit - $30 Max consecutive losing trades - 7 Max drawdown - $15k Adjusted profit factor - 1.01 Because of the low net profit per trade, and low adjusted profit factor, the system would still need a lot more work. Tradestation would not give me the 7 years of data I asked for yet (pending download) but hopefully this gives you a first crack at how it might fare.

If you are still interested in testing this (I see your post is 1 month old), I can run a basic test in about 15 minutes using Tradestation. Regards