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Strategies / Breakout / Expansion Range Breakout Short

Expansion Range Breakout Short

The strategy sells short when the close falls more than 0.6 times the prior bar's range below the open. Each short is closed at market on the bar after entry.

BreakoutShort onlySwingGBP/USDDaily
1.07Profit factor
4,262Net profit USD
49.12%Win rate
1,981Trades
-2,337Max drawdown
2.15Avg trade

Best run of 1. GBP/USD, Daily, spread 1.8, from run pf:2026-10-10-GBPUSD-D.tsv:20.

Entry rules, short

  2. No new short is opened while a short position is already open.

Exit rules

  1. A short position is closed at market once at least one bar has passed since the trade opened.

Test conditions

PeriodUp to 2026-10-10
InstrumentGBP/USD, Daily
Spread1.8 points
Starting capital1,000,000
CostsSpread only. Commissions and overnight financing are not included.
BarsUp to 200,000 bars, fewer where the instrument has less history
Last tested2026-10-10

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
GBP/USDBest runDaily1.07 1,98149.124,262 USD-2,337

Charts

Results by run

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Expansion Range Breakout Short
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Breakout
// Direction: Short only
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false
ONCE capital = 10000

20 more lines: the entry and exit rules.

Setup

How to load it

  1. Copy the code with the copy button on the code block.
  2. In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
  3. Paste the code, give the system a name and save it.
  4. Click "Backtest", set your own spread and position size, and run it before you consider trading it live.
Read this firstKnown weaknesses4 points
  • A profit factor of 1.07 leaves little room for costs beyond the spread.
  • The maximum drawdown of 2,337 USD is large next to the net profit of 4,262 USD.
  • It was only tested on GBP/USD, so there is no evidence from other markets.
  • The code sets no stop loss, so a losing trade stays open until an exit signal arrives.

Questions

About this strategy

Can I run Expansion Range Breakout Short in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on one combination, GBP/USD, Daily, with a profit factor of 1.07 over 1,981 trades.

How large was the drawdown?

The best run had a maximum drawdown of 2,337 USD at the tested position size, against a net result of 4,262 USD.

Does it trade long, short or both?

It only takes short trades.

Related

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1.56 PF · 3,285 trades

Previous Day Breakout

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1.08 PF · 3,742 trades

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Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.comStatsDocs