Print
Pinterest
Gmail
Email App
Log in or register to download unlimited Forex robots!
Breakout 1.1 DayTrade CHFM1 Forex EA - Tested on LQDFX and FXOpen
Experience precision trading with Breakout 1.1 DayTrade CHFM1, a powerful Forex Expert Advisor (EA) designed for optimal performance. This Forex Robot is crafted to navigate the dynamic currency markets, providing consistent results. Tested on reputable brokers LQDFX and FXOpen, it ensures reliability and accuracy. Elevate your trading with Breakout 1.1 - Your key to automated success in Forex trading.
Breakout_1.1_DayTrade_CHFM1.mq4 17.58 kb, 39 downloads since 2015-04-23
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
Get the BreakOut DayTrader and seize the Opportunity!
BreakOut DayTrader EA uses a range breakout strategy, opening positions based on the high and low levels of a specified lookback period. It employs a combination of stop loss, take profit, and trailing stop techniques to manage trades.
How It Works:
The EA calculates entry points based on the highest and lowest prices in a given lookback period.
Trades are entered using buy stop and sell stop orders when the price breaks out of this range.
It includes money management options, allowing you to trade a fixed lot size or adjust position size based on account balance and risk.
BreakOut DayTrader features various customizable parameters, including stop loss, take profit, and trailing stop options.
Setup Guidance:
Load the EA onto the chart of the currency pair you want to trade.
Ensure that you have the mq4 file for BreakOut DayTrader.
Configure the parameters in the EA settings according to your trading strategy and risk tolerance.
Adjustable Parameters:
LotsIfNoMM: Fixed lot size if money management is disabled.
UseMM: Enable or disable money management.
MMRiskFactor: Risk factor for money management.
MMBalanceExcludeAmt: Amount to exclude from balance calculation in money management.
MMBalanceShareDivisor: Balance divisor for lot size calculation.
TradeOpenTime: Time to start trading.
LookBackHrs: Number of hours to look back for high and low.
PipsAddedToRange: Pips added to the high and low to determine entry points.
StopLossMax: Maximum stop loss.
BreakEvenPlus5At: Pips profit to move stop loss to break-even plus 5 pips.
TakeProfit: Take profit level.
blTakeProfitOverrideMatchSL: Override take profit to match stop loss distance.
blCloseAtEOD: Close orders at the end of the day.
EOD: End of day time.
blOneTradeOnly: Restrict to one trade per signal.
ClosedBarLowTrailAfterBE: Trailing stop after break-even.
Multiplier15mATR3TrailAfterBE: ATR multiplier for trailing stop.
MultiplierH1ATR4TrailAfterBE: ATR multiplier for H1 trailing stop.
RangeMax: Maximum range for trade entry.
blIfRangeMaxStillOpenFarTrade: Logic to handle trades when the range is exceeded.
OrderHoursExpiry: Expiry time for orders.
blCancelPendingAtStartTime: Cancel pending orders at start time.
AdjustDSTwhenBacktesting?: Adjust for daylight saving time in backtesting.
Skip1stFriOfMonthIfBacktesting?: Skip the first Friday of the month in backtesting.
MagicNum: Unique identifier for trades.
TradeComment: Comment for each trade.
Optimal Settings Recommendations:
LotsIfNoMM: 1
UseMM: false
MMRiskFactor: 0.2
MMBalanceExcludeAmt: 0
MMBalanceShareDivisor: 1
TradeOpenTime: 9
LookBackHrs: 3
PipsAddedToRange: 20
StopLossMax: 40
BreakEvenPlus5At: 40
TakeProfit: 999
blTakeProfitOverrideMatchSL: 0
blCloseAtEOD: 1
EOD: 17
blOneTradeOnly: 0
ClosedBarLowTrailAfterBE: 0
Multiplier15mATR3TrailAfterBE: 0
MultiplierH1ATR4TrailAfterBE: 0
RangeMax: 0
blIfRangeMaxStillOpenFarTrade: 1
OrderHoursExpiry: 0
blCancelPendingAtStartTime: 1
AdjustDSTwhenBacktesting?: false
Skip1stFriOfMonthIfBacktesting?: false
blTakePartialProfitAtBEtime: 0
MagicNum: 253661
TradeComment: "BO_DayTrade"
Breakout_1.1_DayTrade_CHFM1.mq4 17.58 kb, 6 downloads since 2023-11-13
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.