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AW Breakout Catcher EA MT5

AW Breakout Catcher EA - an Expert Advisor that trades by indicator signals AW Breakout Catcher. The advisor works by strategy to break the dynamic levels of support and resistance. Orders have a fixed StopLoss and TakeProfit. Optionally, it can use averaging. Has the ability to work on a selected period of time and three types of notifications.


Useful links:

Signals monitoring -> HERE / Instructions and description -> HERE / Problem solving ->  HERE / MT4 version -> HERE 


Benefits:

  • Works on all types of trading instruments and on any timeframe
  • Has the function of working on time, limiting slippage and maximum spread
  • Easy setup and intuitive panel interface
  • Suitable for tracking positions opened manually
  • Various customization options StopLoss and TakeProfit
  • Optionally can use averaging


Input settings:

MAIN SETTINGS - the main settings of the advisor

  • Success Rate - The success rate for opening an order. If the indicator is less than you specify, the advisor will not open an order
  • Order lots - Order volume to open
  • Enable Autolot calculation - Use automatic lot calculation. This function allows you to save the risk settings when changing the deposit
  • Autolot deposit per 0.01 lots - Deposit volume for every 0.01 when using autolot

STOP LOSS TAKE PROFIT SETTINGS

  • TakeProfit Mode - Select a take profit strategy:
    • Close position on TP1
    • Close position on TP2
    • Use TP in Points
  • TakeProfit in Points (if used) - Fixed StopLoss for each individual order
  • StopLoss Mode - Choosing a StopLoss strategy:
    • Exit on opposite signal
    • Use Fixed StopLoss
    • Use SL from Indicator
    • Without StopLoss  
  • StopLoss in Points (if used) - Fixed StopLoss for each individual order

GRIDS SETTINGS

  • Use grids - Use order baskets opening
  • Step between orders - A variable that regulates the step between orders, measured in points
  • Multiplier - Multiplier for orders. Each subsequent order opened by the Expert Advisor in the order grid will be larger than the previous one by a given coefficient
  • Orders Number Limit - Maximum number of orders of one direction in the basket

  BREAKOUT CATCHER SETTINGS

  • Range filtering - Coefficient for filtering market ranges . The more, the less the sensitivity of the indicator signals
  • Amplitude - The number of bars used to calculate the algorithm , the more, the less sensitivity of the indicator signals. The more, the less the sensitivity of the indicator signals, the less, the more the sensitivity of the indicator signals
  • TakeProfits target - Coefficient for goals TakeProfit 1 and TakeProfit 2. The higher the multiplier, the more profit from one trade, but the lower the percentage of signal success
  • StopLoss Mode - Variable defining strategy   StopLoss
  • StopLoss target - Multiplier for   StopLoss . The higher the value of the variable, the further from the opening price will be located   StopLoss
  • Maximum bars - The number of bars for calculating statistics
    WORKING TIME SETTINGS - section for setting up work by time
    • Work on time
    • Start time
    • End time

    NOTIFICATIONS SETTINGS - section for setting notifications

    • Send push notifications when close orders
    • Send mails when close orders
    • Send alerts when close orders

    ADVISOR SETTINGS

    • Orders Magic number - The main identifier of the advisor's orders
    • Comments for orders  - Commentary on advisor orders
    • Slippage Limit - Maximum allowable slippage in points
    • Spread Limit  - Maximum allowable spread for opening orders
    • Maximum size of orders - The maximum volume of the sum of all orders
    • Allow to open OP_BUY orders - Allow sending orders of the OP_BUY type
    • Allow to open OP_SELL orders - Allow sending orders of the OP_SELL type
    • Allow to open new orders after close - Allow to send new orders after all orders are closed
    • Font size in panels - Change the font size in the panel
    • Show panel - Show or hide the advisor panel

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    Auswahl:
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    Antwort auf eine Rezension
    Version 1.10 2021.09.13
    - Added accounting for swaps in the calculation of the breakeven level calculated for closing positions