Could the 4H Box Breakout be valuable enhancement to Pip-Hunter robot?

The below information was found at FXAW forum. The feedback so far is incredibly good. Supposedly it should be an easy system to follow and to automate respectively. Possibly this method is worth to be automated as a stand-alone robot with the option to integrate it into Pip-Hunter system as another long-term strategy.  

Here are some inspiring quotes:

4H Box Breakout
http://fxaw.activeboard.com/forum.spark?forumID=117707&p=35

Joewudly wrote:
“Last week a link was posted that deals with the 4H Box Breakout system.
http://www.forexfactory.com/showthread.php?t=168161

I have manually back tested the G/J data back to about a year and a half and the results are very good.  Its a long term weekly method that takes up to 2 trades a week and very easy to setup.  I would like to work on creating an EA for this but want to know if anyone else has done any testing or has data before I do.”

Nubchai wrote:
“The 4H Breakout System looks very promising. One challenge is that Ace sometimes changes the details of the system.   But JDSim's contribution is to provide a method to determine the trend before taking the trade.  He uses nonlagMA and a grid system.  I'm currently looking at JD's system as a separate 4 Hours trading method.  In trading it on demo it's had some nice results.  JD won't take a trade if the nonlagMA is red and it's crossing the blue portion of the grid or vice versa.  If you look at some charts that does give up a lot of pips.  But he estimates his success rate at 60 to 70% by following the trend and re entering after pullbacks.
http://www.forexfactory.com/showthread.php?t=168161&page=28
Sandy”


Joewudly wrote:
“I have tried the methods of exiting you mentioned and totally agree with you. My conclusion is 1 position, exiting at the TP2 is the best way to go. Though from the data I have gathered it seems that 2 positions might be better if you exit as follows. The 1st with an exit at TP2. When TP2 is hit move position 2 to break even. Close it TP4 or on Friday.

I am ONLY testing with FXDD since the entry is built around the 1st bar created with this broker. I will not test other broker data because it will be way to tome consuming to re-measure all of this data for 20 other brokers. We can always use FXDD to take our signals from and execute them on another broker anyway.

But to keep the system simple TP2 is the way to go. Using G/J data from 6/1/08 to 6/2/09 I calculated 5082 pips gain not counting spread just using TP2 and a lot size of .1.

I also tested using the same TP2 method but increased/decrease the lot size by .1 for every 1000 pips of profit/loss and got a total of 15422 pips gain not counting spread.

I also tested using the same TP2 method but increased/decrease the lot size by .1 for every win/loss after first reaching +1000 pips of profit and got a total of 24369 pips gain not counting spread.

I also tested using the same TP2 method but increased the lot size by .1 every 2 trades after first reaching +1000 pips of profit and got a total of 47180 pips gain not counting spread.

I also tested using the same TP2 method but increased the lot size by .1 every 1 trades after first reaching +1000 pips of profit and got a total of 82179 pips gain not counting spread. Though this method made a large profit, the lot sizes increased quickly and were a bit to large in 2 instances.

I also tested using the same TP2 method but increased the lot size by .1 every 3 trades after first reaching +1000 pips of profit and got a total of 31937 pips gain not counting spread.

This testing only covers 1 year and resulted in 79 trades. I will need to do this for a total of 3 years to get a better picture. Its a bit time consuming though. =) I also want to try with the 2 position idea i had earlier and see what i get. Some week G/J runs on for hundreds of pips and it happens pretty often. My hope is those larger gains will of set the more frequent losses and break evens.

Well, more to come as I keep testing.”