You didn't post a topic yet. Let us show you how to make your first topic and upload your favorite forex robot. Guide me

Skip to forum content

Wall Street Forex Robots! - Verified by MT4talk Review Team!

Guaranteed Profit! Click Here to Download the Wall Street Forex Robots!

Best to use on Avatrade - Bonus up to 50% up to $20,000! Spreads from: 1 PIPs, Leverage up to 400:1!

 


Login with Facebook Username:  Password:  Login  |  Register

Registered members can download over 5000 forex robots and over 8000 forex indicators!

Pages 1

You must login or register to post a reply

RSS topic feed

Posts: 2
Please rate this topic
Current rating: 0
Votes: 0

Topic: Breakout Expert Advisor for VertexFX

The Breakout  Expert Advisor is a VertexFX client-side script that trades the breakouts based on Daily bars.

The concept behind this Expert Advisor is when the price breakouts out the previous day’s High or Low, it is an indication of a strong trend in that direction which can be traded with a high probability of success.

The EA folow certain ENTRY RULES which are as follows: –

Rule Number 1.    Entry rules are evaluated only between the configured times of the Expert Advisor, which is from MondayHour on Monday uptoFridayHouron Friday.

Rule Number 2.    Entry rules are evaluated only if there is no open position.

Rule Number3.    BUY trade is initiated if the current Ask price has crossed above the previous day’s High. The stop-loss is set to SL points, the take-profit is set to TP points. The lot-size is calculated based upon the UseMM parameter, either as fixed lot-size (Lots) or based on risk-per-trade (PercentMM).

Rule Number4.    SELL trade is initiated if the current Bid price has crossed below the previous day’s Low. The stop-loss is set to SL points, the take-profit is set to TP points. The lot-size is calculated based upon the UseMM parameter, either as fixed lot-size (Lots) or based on risk-per-trade (PercentMM).

Rule Number5.    When trading on Monday, the previous day is consider as Friday even if there is data available for the Sunday. In other words, the data for Sunday candle is ignored.

If a position is opened, the Expert Advisor tracks it using a trailing stop to protect the profits.
This Expert Advisor can be attached and traded on a chart of any-time frame, however, it uses daily price bars internally for its calculations.


http://www.hybrid-solutions.com/plugins … akout.html

Post's attachments

BreakOut.zip 3.15 kb, file has never been downloaded. 

 

 

 

Re: Breakout Expert Advisor for VertexFX

The best system is the automation of an Expert, the emotional won't be so affected. In manual mode the emotions are stronger.

Share

Posts: 2

Pages 1

You must login or register to post a reply


Forum statistics

  • Total number of registered users: 7,903
  • Newest registered user: Twardziel
  • Total number of topics: 14,117
  • Total number of posts: 28,099

 


Copyright MT4talk.com Forum Rules - Privacy Policy.