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Breakout_TR_0.9e Forex EA - Proven Results on LQDFX and FXOpen!
Experience superior trading with Breakout_TR_0.9e, an expert advisor (EA) and forex robot designed for optimal performance. Our forex EA delivers consistent results, ensuring a seamless trading experience. Tested successfully on renowned brokers LQDFX and FXOpen, Breakout_TR_0.9e is your key to automated trading success. Unlock the potential of the forex market with this powerful forex EA - your gateway to efficient and profitable trading.
Breakout_TR_0.9e.mq4 14.72 kb, 38 downloads since 2015-04-23
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Maximize Gains: Breakout_TR_0.9e Forex EA with settings!
Breakout_TR_0.9e Forex EA utilizes a breakout strategy based on the trading range defined during a specific timeframe. It identifies entry points based on the high and low of a predetermined lookback period, adding a specified number of pips to these levels to determine buy and sell stop orders. This strategy aims to capitalize on significant market movements following periods of consolidation.
Functionality:
This EA calculates buy and sell entry points based on the highest high and lowest low of a given lookback period, adjusted by a set number of pips. It places corresponding stop orders and manages them with various trailing stop options. Trades are executed during specified hours, and the EA can adjust for DST when backtesting.
Setup Guide:
Download the mq4 file for theBreakout_TR_0.9e Forex EA.
Copy the file into the 'Experts' directory of your MT4 platform.
Restart MT4 to activate the EA.
Apply the EA to the desired currency pair chart.
Adjust the settings as per your trading requirements.
Adjustable Parameters:
Lots: Size of each trade.
blOneTradeOnly: Flag to allow only one trade at a time.
AdjustDSTwhenBacktesting: Adjusts for Daylight Saving Time during backtesting.
Skip1stFriOfMonthIfBacktesting: Skips first Friday of the month in backtesting.
Various trailing stop options: Different methods to trail the stop loss.
TradeOpenTime, LookBackHrs, EOD: Define trading hours and lookback period.
PipsAddedToRange: Additional pips added to the breakout range.
StopLossMax, BreakEven, TakeProfit: Sets the stop loss, break-even, and take profit levels.
RangeMax, blIfRangeMaxStillOpenFarTrade: Conditions for trade execution based on range size.
Optimal Settings:
Currency Pair: EUR/USD or GBP/USD
Time Frame: 1 Hour (H1)
Minimum Budget: $500
Recommended settings:Lots: 0.1
TradeOpenTime: 10 (local time)
LookBackHrs: 2
EOD: 21
PipsAddedToRange: 10
StopLossMax: 50 pips
BreakEven: 20 pips
TakeProfit: 80 pips
RangeMax: 70 pips
Trailing stop options as per individual risk preference.
Winning Strategy Settings:
Set Lots according to risk management principles.
Define trading hours that align with market volatility (e.g., TradeOpenTime at 10 AM).
Use a LookBackHrs of 2 to capture the recent market range effectively.
Implement PipsAddedToRange of 10 for optimal entry points.
Adjust StopLossMax, BreakEven, and TakeProfit to balance risk and reward.
Set RangeMax to filter out trades in highly volatile conditions.
Utilize trailing stops to secure profits while allowing room for market movement.
Breakout_TR_0.9e.mq4 14.72 kb, 8 downloads since 2023-11-12
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