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This Ea uses breakout strategy.
The strategy is very reliable but still future is not a guaranteed.
Backtest and forward test for you to see the result.
FEATURES:
-Using BreakoutStrategy
-Operation is Automated
-Can exit anytime, Orders last for only seconds or minutes.
-No Martingale, No Grid and No Hedging
-100:15 Risk/Reward Ratio (TakeProfit, StopLoss)
-CurrencyPair: EURUSD, GBPUSD, USDJPY and XAUUSD
-Works on perfectly on 0-7 Spread. Low spread account like ECN is recommended.
PROPERTIES:
Lots
Lot – Lot is the static lotSize that will be used for every order if isCompounding is not enabled.
Compounding
IsCompounding -if true, enables the compounding (named as “MoneyManagement” on other EAs)
Risk – is the percentage you are willing to risk base on your capital (AccountBalance). This will dynamically adjust you lotSize.
Orders
Slippage (pip) – represents the maximum difference in pips for the order to go through. A value of 1 means 1pip;
Spread (point) – the allowed distance between ask and bid. if spread is more than what it is set then buy and sell cant be executed; A value of 30 means 30 points;
TakeProfit (point) – a distance where we close order with profit; A value of 100 means 100 points;
PointStep (point) – a minimum distance between each order; A value of 200 means 200 points distance between each order;
IsBuyEnabled – if true, enables placeing buyStop order, else disables buyStop order to be placed.
IsSellEnabled – if true, enables placing sellStop order, else disables sellStop order to be placed.
Trailing
IsTrailing – if true, enables trailing on every order.
TrailingDistance – the distance of new stopLoss on the Bid or Ask. A value of 2 means 2points.
TrailingStep – the minimum distance for every step of new stopLoss.A value of 1 means 1point.
BreakOutStrategy
TimeFrame – the period where we base our inputs for our formula and/or algorithm.
ZigZag – this is the indicator for support and resistance. (depth, deviation, backstep)
Trigger – the index of data gathered to trigger buyStop and sellStop
Allowance – the distance between resistance to buyStop or support to sellStop
CleanUp
OrderDeleteDay – the day where we delete all pending orders.
OrderDeleteTime – the exact time where we delete all pending orders.
