Description:
Meet your new trading ally: the BreakOut EA designed specifically for MetaTrader 4! This expert advisor utilizes breakout strategies combined with robust money management, making it perfect for trading across multiple currency pairs.
With this bot, you can easily choose one or more currency pairs to trade. It intelligently calculates support and resistance levels for each pair based on current prices, allowing it to place incremental orders. Once your overall profit target is achieved, it seeks to maximize gains while securing your pips. Plus, the EA incorporates smart money management techniques, ensuring it won’t open new orders if there’s insufficient margin available. It also works to safeguard your balance by capping losses at a set percentage.
While the profits may not be astronomical, they are reliable and secure. The primary goal of this EA is to protect your capital while consistently delivering solid returns.
To get started, simply place the two .mqh files into the "include" folder of your MetaTrader 4 setup.
Recommendations:
When setting up your EA, you'll need to use a comma-separated list of currency pairs that matches your broker's offerings. For example: EURUSD,USDCHF.
extern string Symbols = "EURUSD"; extern double xFactor = 1.5; extern string TimeSet = "07:32"; // Balance percentage order and Lot value extern double RiskPercent = 10; // Percentage risk per Lot extern double RiskPerTrade = 2; // Fixed value if RiskPerTrade == 0 extern double Lots = 0.01; extern double StopLoss = 0; extern double MinPipsProfit = 30; extern double TrailingUnlockStop = 35; extern int Slippage = 3; extern bool AllOrders = false; // Manage ALL opened orders (including manual) extern bool AllSymbols = true; extern bool LogToFile = false; // Log to console or file
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