Extracted algorithm research record
Night Owl v2
Donchian Channel Breakout with ADX trend filter and ATR-based risk management
Source & extraction context
Evidence label: backtest_shown (source claim, not independent verification). Recorded completeness: 80.0/100. Neither is a performance result.
Names identify source records. Inclusion is not an endorsement or a claim of authorship, ownership or reuse permission. Check the source license before reusing any implementation.
Extraction warnings
Opacity warnings
- UNDEFINED ENTRY TERM: the entry conditions are prose naming a concept with no numeric definition, so two readers would implement them differently. Advisory only -- this does not affect the score.
Build warnings
- DAILY_LOW_COUNT: daily-or-slower timeframe on a single instrument. Expect well under 100 trades in five years, so a backtest will rarely reach statistical significance on its own.
Recorded market & execution profile
- Recorded markets
- Any forex pair, indices, or commodities
- Recorded timeframes
- Daily
- Recorded sessions
- Not specified
- Recorded regime
- trending
Recorded indicators & parameters
| Indicator | Parameters | Applied to |
|---|---|---|
| Donchian Channel | {"period": 20} | high |
| Donchian Channel | {"period": 10} | low |
| ADX | {"period": 14} | close |
| ATR | {"period": 20} | close |
Extracted strategy rules
Recorded long-entry rules
- Breakout of recent highs (20 periods)
Recorded short-entry rules
- Breakout of recent lows (20 periods)
Recorded exit rules
- Reverse breakout (10 periods)
Recorded filters
- ADX trend filter (25 threshold)
- Stop loss
- ATR-based dynamic stop loss (2.0x ATR)
- Take profit
- Risk/Reward ratio based take profit (2:1)
- Position sizing
- 2% per trade, up to 10 units pyramiding
Questions about this record
What entry rules are recorded for Night Owl v2?
Long: Breakout of recent highs (20 periods) Short: Breakout of recent lows (20 periods) These are unverified extracted rules.
Which markets and timeframes are recorded?
Markets: Any forex pair, indices, or commodities. Timeframes: Daily. These are source-recorded labels, not verified execution behavior.