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Gaoxing Daily Breakout EA v1.3.1: A Reliable Forex Expert Advisor
Unlock the potential of your trading journey with the Gaoxing Daily Breakout EA v1.3.1, a powerful Forex robot designed to enhance your trading experience. This expert advisor (EA) operates seamlessly, providing consistent results and optimizing your trading strategy.
Tested extensively on popular platforms like LQDFX and FXOpen, this Forex EA delivers reliable performance across various brokers. The Gaoxing Daily Breakout EA v1.3.1 adapts to market conditions, ensuring adaptability and success in dynamic Forex environments.
Take advantage of this automated solution to streamline your trading process and capitalize on market opportunities. Download the Gaoxing Daily Breakout v1.3.1.mq4 file now and elevate your trading endeavors with a proven Forex robot.
gaoxing_daily_breakout_v1.3.1.mq4 24.72 kb, 41 downloads since 2015-04-23
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Lets break into the world of automated trading with GaoXing Daily Breakout EA?
The GaoXing Daily Breakout EA v1.3.1 is designed to play the breakout game. It identifies high and low price points within specified timeframes and places orders based on breakout strategies. If the market breaks these high or low points, the EA capitalizes on these movements. It's like setting a trap for price movements and catching the profit when it snaps!
How this EA works
It operates on two timeframes each day, which you can adjust.
Places Buy and Sell orders based on the breakout from high and low points.
Utilizes trailing stops and moves stops to breakeven for risk management.
Offers options for managing trade sizes based on account balance.
Setting Up the EA
Download the .mq4 file of GaoXing Daily Breakout.
Place it in the 'Experts' folder of your MT4 platform.
Restart MT4 and you'll find the EA in the 'Navigator' panel.
Drag and drop it onto a chart to activate.
Adjustable Parameters:
Breakout: Distance for breakout points.
Stop: Stop loss setting.
ProfitTarget: Take profit point.
TrailStop: Distance for trailing stop.
UseMM: Toggle for using money management.
MMRisk: Risk percentage for money management.
LotSize: Trade size when not using money management.
Timeframes (TF1Start, TF1Stop, TF2Start, TF2Stop): Start and stop times for trading timeframes.
Optimal Settings
Currency: EUR/USD
Timeframe: 1-hour chart
Minimal Balance: $1,000
Breakout: 5 pips
Stop: 70 pips
ProfitTarget: 120 pips
TrailStop: 30 pips
ChannelFilter: 0 (disabled)
UseMM (Money Management): Enabled (1 or 2)
MMRisk: 2%
LotSize: Adjusted by Money Management
LotFactor: 1 (default)
UseCloseOrdersTime: True
CloseOrdersTime: 0 (default)
ServerTimeZone: Adjust to your broker's server time
MagicNumber: 321 (or any unique identifier)
TF1Start: 6:00 CET
TF1Stop: 10:00 CET
UseTF2 (Second Timeframe): True
TF2Start: 10:00 CET
TF2Stop: 14:00 CET
Winning Strategy Settings:
Use both timeframes to maximize opportunity.
Set a reasonable Stop to protect from large losses.
Adjust ProfitTarget for desired gains.
Enable Trailing Stop for dynamic protection.
Use Money Management to adjust trade sizes based on account balance.
GaoXing Daily Breakout EA is a great tool for capturing profits from market movements. It's like setting a trap and waiting for the market to fall into it. With proper settings and risk management, this EA can be a valuable addition to your trading arsenal. Ready to catch those breakouts?
gaoxing_daily_breakout_v1.3.1.mq4 24.72 kb, 4 downloads since 2023-11-14
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