BreakoutExtrema

Concept

Markets often consolidate within a price range before breaking out. The Breakout Extrema strategy identifies these moments by checking if the current price exceeds the highest or lowest point of a lookback period.

Idea

A long signal occurs when the price breaks above the highest high, while a short signal is triggered when it breaks below the lowest low. A minimum pip distance ensures that only meaningful breakouts are considered.

Genetic Algorithm Parameters

• Lookback period length
• Price type used (Close, High, Low)
• Minimum pip distance beyond the extremum

Best suited for

Effective in trending markets or during consolidations that lead to strong breakouts

Less reliable in choppy sideways markets with frequent false breakouts