Breakout_1.1_Trend2_GBPM1 Forex EA - Tested on LQDFX and FXOpen

Unlock potential profits with our Breakout_1.1_Trend2_GBPM1 Forex Robot. This Expert Advisor (EA) is designed for the MT4 platform, ensuring seamless integration. Experience automated trading with precision on the GBPM1 chart.

Key Features:

- Breakout strategy for optimal market entry
- Version 1.1 enhancements for improved performance
- Tested and proven on LQDFX and FXOpen brokers

Maximize your trading efficiency with our reliable Forex EA. Download now and let Breakout_1.1_Trend2_GBPM1 navigate the Forex market for you.

Breakout_1.1_Trend2_GBPM1 Forex EA: Profit With Precision!

Breakout_1.1_Trend2_GBPM1 Forex EA is designed for strategic entry and exit based on market ranges and price movements. It utilizes a combination of time-specific order placement, range analysis, and dynamic stop-loss adjustments to capture market trends effectively.

The EA opens trades based on the price range observed in the past few hours (LookBackHrs). It sets buy and sell orders at specific points, determined by the highest and lowest prices in the look-back period, adjusted by a set number of pips (PipsAddedToRange). The EA includes options for money management through lot size adjustments (MMRiskFactor, MMBalanceExcludeAmt), trailing stop losses based on ATR, and a unique feature to close trades at the end of the day (EOD) or when a maximum stop loss is hit.

Setup Guide:

Download the mq4 file for Breakout_1.1_Trend2_GBPM1 Forex EA.
Place the file in your MT4's "Experts" folder.
Restart MT4 to recognize the new EA.
Attach BO_Trend2 to the desired chart.
Set up the parameters as per your trading strategy.

Adjustable Parameters and Their Impacts:

LotsIfNoMM (double): Sets lot size when Money Management (MM) is not in use.
UseMM (bool): Toggles the use of Money Management.
MMRiskFactor (double): Determines the risk factor in MM calculations.
MMBalanceExcludeAmt (double): The amount of balance to exclude in MM calculations.
MMBalanceShareDivisor (double): Divisor for calculating the share of balance in MM.
TradeOpenTime (int): Specifies the start time for trading.
LookBackHrs (int): Number of hours to look back for determining the range.
PipsAddedToRange (int): Additional pips added to the calculated range.
StopLossMax (int): Maximum stop loss in pips.
BreakEvenPlus5At (int): Pips gain after which a break-even plus 5 pips strategy is triggered.
TakeProfit (int): Take profit level in pips.
blTakeProfitOverrideMatchSL (int): Flag to override take profit with a match to stop loss.
blExitAtDailyBarRangeIfInProfit (int): Exit trades at daily bar range if in profit.
DailyBarRange (int): The daily bar range in pips.
blCloseAtEOD (int): Flag to close trades at the end of the day.
EOD (int): End of day time.
blOneTradeOnly (int): Flag to allow only one trade at a time.
ClosedBarLowTrailAfterBE (int): Trailing stop loss adjustment after break-even.
Multiplier15mATR3TrailAfterBE (int): Multiplier for 15-minute ATR trailing stop after break-even.
MultiplierH1ATR4TrailAfterBE (int): Multiplier for 1-hour ATR trailing stop after break-even.
RangeMax (int): Maximum range for trade placement.
blIfRangeMaxStillOpenFarTrade (int): Flag to control behavior when max range is exceeded.
OrderHoursExpiry (int): Lifespan of pending orders in hours.
blCancelPendingAtStartTime (int): Cancel pending orders at start time.
AdjustDSTwhenBacktesting (bool): Adjust for Daylight Saving Time when backtesting.
Skip1stFriOfMonthIfBacktesting (bool): Skip the first Friday of the month during backtesting.
blTakePartialProfitAtBEtime (int): Take partial profit at break-even time.
MagicNum (int): Unique identifier for the EA's trades.
TradeComment (string): Comment added to each trade.

Optimal Settings:

Currency Pair: EUR/USD
Time Frame: H1
Minimum Budget: $1,000
LotsIfNoMM: 1.0
UseMM: true
MMRiskFactor: 0.2
MMBalanceExcludeAmt: 0
MMBalanceShareDivisor: 1
TradeOpenTime: 9
LookBackHrs: 2
PipsAddedToRange: 10
StopLossMax: 80
BreakEvenPlus5At: 20
TakeProfit: 999
blTakeProfitOverrideMatchSL: 0
blExitAtDailyBarRangeIfInProfit: 0
DailyBarRange: 120
blCloseAtEOD: 0
EOD: 21
blOneTradeOnly: 1
ClosedBarLowTrailAfterBE: 0
Multiplier15mATR3TrailAfterBE: 0
MultiplierH1ATR4TrailAfterBE: 4
RangeMax: 90
blIfRangeMaxStillOpenFarTrade: 1
OrderHoursExpiry: 0
blCancelPendingAtStartTime: 1
AdjustDSTwhenBacktesting: false
Skip1stFriOfMonthIfBacktesting: false
blTakePartialProfitAtBEtime: 0
MagicNum: 253663
TradeComment: "Breakout_1.1_Trend2_GBPM1"

The optimal settings forBreakout_1.1_Trend2_GBPM1 are geared towards striking a balance between risk and opportunity. The EA is set to trade on the EUR/USD pair on an H1 timeframe, with a recommended minimum budget of $1,000. Key settings such as a 0.2 MMRiskFactor, 80 pips StopLossMax, and a high TakeProfit of 999 pips are tailored to optimize trading outcomes while managing risks efficiently. The EA is also configured to react to market volatility and secure profits effectively.

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