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Experts

Brakeout_Trader_v1 - expert for MetaTrader 5

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Published by:
Vladimir Karputov
Views:
1594
Rating:
votes: 19
Published:
2017.03.22 16:06

Author of the idea — Volodymyr NeborachkoAuthor of the MQL5 code — barabashkakvn

The Expert Advisor opens a deal in the breakout direction — the breakout level should be set manually. It is possible to configure the EA to trade only Buy or only Sell:

Brakeout_Trader_v1 inputs 

Breakout is determined based on the Close prices of the first and second bar. Upward breakout condition:

//--- Buy
   if(iClose(1)>AppPrice && iClose(2)<=AppPrice)

Downward breakout condition:

//--- Sell
   if(iClose(1)<AppPrice && iClose(2)>=AppPrice)

The Expert Advisor calculates the lot value dynamically depending on the specified risk percent of free margin.

 

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/17582

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