Forex breakout expert advisor
A free Metatrader expert system for trading EURUSD breakouts. This strategy uses 9 different signals to anticipate the timing and direction of volatility breakouts in the EURUSD chart.
This EA analyses a number of technical inputs in order to predict when a breakout is about to take place and in which direction. It then places trades accordingly. A breakout strategy can complement other trading styles and provide diversification.
Both types can be traded profitably by this expert. Explosive breakouts can often move the pair by several hundred pips within a short space of time. Thus breakout events often create highly profitable trading opportunities.
To learn more about trading breakouts see this article. With a daily turnover of around 1. The deep liquidity and stable volatility range of EURUSD make it an ideal market for this strategy. This EA is specialized to trade EURUSD.
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You can readily use it to trade other markets as required. Though, in this case some additional testing and optimizations might be needed. Custom settings allow the system to trade as cautiously or aggressively as you want. With a cautious setting, the EA will trade less frequently. With a more aggressive setting, the EA will trade more frequently.
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When a profitable breakout happens, the EA will realize profits quickly. This way positions are held for a short a time as possible. Both profit and loss levels can be controlled. The initial take profit will be used as a target.
The expert allows both grid mode and single trade mode.
With grid mode, the expert will place a sequence of trades as a grid. For example, with grid mode, instead of trading one single block of 1 lot, you can place ten trades of 0.
The EA works best at shorter timeframes as these allow it to analyse price action at a more fundamental level. The one minute M1 , and five minute M5 charts tend to be the most effective.
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Nevertheless, higher timeframes can also work. The lot size that will be traded Maximum orders: Maximum simultaneous orders the EA can place Min interval: Shortest interval between sending trade orders in bars TP: The initial take profit SL: The stop loss Model sensitivity: Bars over which the EA will analyse for breakout signals.
Start Here Strategies Technical Learning Downloads. Home Products Metatrader Expert Advisors EURUSD Breakout EA — Metatrader Expert System. Download this Free Advisor. EURUSD breakout Simple strategy Easy risk settings Low drawdown Diversifies other strategies High payoff potential Risk level: Contact Us Timeline FAQ Privacy Policy Terms of Use Home.
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