Hi folks,

I have for the very first time tested the Spot On System on the GBP/USD using the standard breakout of 07:00 to 10:00 bar.

I have input different values of the stop loss ranging from 10 pips to 50 pips.

The data is from the GBP/USD June future on Globex using traded prices. Therefore hypothetically there is not slippage to account for, just trading cost of $2.4 per side or $4.8 per day.

This instrument is $6.25 per pip unline the EUR at $12.5 per pip.

Stop Loss Profit Max Draw
10 1247 80
15 1117 120
20 1043 160
25 961 200
30 1065 232
35 935 267
40 963 302
45 1039 337
50 1064 372

This clearly demonstrates that the stop loss should be small...

Of course the Spot On software can automatically trade this instrument