Discover the Last Kiss Breakout EA
The Last Kiss Breakout is a powerful Expert Advisor (EA) designed for naked trading enthusiasts using MetaTrader 4. This EA intelligently draws two mini trend lines using fractals on your chart, allowing you to capitalize on consolidation breakouts.
What sets this EA apart is its ability to work across all time frames and with major forex pairs, as well as stocks on NASDAQ. It includes features like Trailing Stop Loss and Take Profit, making it a comprehensive tool for traders looking to enhance their strategies.
How It Works
The main concept behind the Last Kiss Breakout EA is straightforward:
- It focuses on naked trading—entering trades after a consolidation breakout.
- This EA combines two moving averages with trend lines.
- Keep in mind that the trend lines won’t show up in test mode.
- Optimization tests can only be run with moving averages.
- During live trading, both trend lines and moving averages will work together seamlessly.
- In backtests, the EA will only display the trend lines visually without factoring them into trade creation.
- The trend lines serve as a filter, increasing the probability of successful trades.
- Always try it out on a demo account first!
- This EA trades only based on the opening price of candles.
- If you prefer not to scale up your lot size after a losing trade, simply set IncreaseFactor=0.
EA Inputs and Parameters
- Use_TP_In_Money: Enable Take Profit in monetary values (true/false).
- TP_In_Money: Set Take Profit in Money (values: 10-100).
- Use_TP_In_percent: Enable Take Profit in Percent (true/false).
- TP_In_Percent: Set Take Profit in Percent (values: 10-100).
- ------------[Money Trailing Stop For Multiple Trades]----------------------
- Enable_Trailing: Activate trailing with monetary values (true/false).
- Take Profit In Money: Set in current currency (values: 25-100).
- Stop Loss In Money: Set in current currency (values: 1-20).
- -----------------------------------------------------------------------------------
- Exit: Close trades if the trend goes against you to control drawdown (true/false).
- Lots: Set lot size (values: 0.01-1).
- Lots size Exponent: Set values between 1.01-2.
- IncreaseFactor: Determine how much to increase lots from total margin after a loss (values: 0.001-0.1).
- Stop_Loss: Set Stop Loss (values: 30-500). Set to 600 for multiple trades.
- MagicNumber: Set a unique identifier for your trades (values: 1-100000).
- TakeProfit: Set Take Profit (values: 50-200). Set to 600 for multiple trades.
- FastMA: Set Fast Moving Average (values: 1-20).
- SlowMA: Set Slow Moving Average (values: 50-200).
- Mom_Sell: Set momentum sell trigger (values: 0.1-0.9).
- Mom_Buy: Set momentum buy trigger (values: 0.1-0.9).
- ---------------------CONTROL DRAW DOWN-----------------------------
- UseEquityStop: Activate equity stop (values: true).
- TotalEquityRisk: Set risk level (values: 0.01-30).
- -----------------------------------------------------------------------------
- Max_Trades: Set maximum trades (1-12).
- USETRAILINGSTOP: Activate trailing stop (true/false).
- WHENTOTRAIL: Set when to activate the trail (values: 40-100).
- TRAILAMOUNT: Set the trail amount (values: 40-100).
- Distance From Candle: Set distance from the candle (values: 1-100).
- USECANDELTRAIL: Enable candle trailing stop (true/false).
- X: Set the number of candles (values: 1-100).
- Enable "Break Even": Activate break-even feature (true/false).
- When move "Break Even": Set when to move to break even (values: 5-30).
- How much pips move- "Break Even": Set pip distance to move to break even (values: 5-30).
Make sure to optimize this EA every few months using the designated inputs above. You can utilize it as a hedging grid EA or for single trades.
For guidance on performing a backtest, check out this link.
Comments 0