Breakout ea

MQL5 Indicators Experts Forex

Job finished

Execution time 12 days

Specification

Trading Parameters and Configurations

Time Frame and Session Settings:

  • The trading session is set for a X - minute window between  X hours to X hours.

Trade Limits and Execution:

  • A maximum of 3 trades per day is allowed, with the flexibility to adjust the number of trades as needed.

  • Take Profit (TP) can be configured based on Risk-to-Reward (R:R) ratio or by transitioning from one session to the next. Traders also have the option to close active trades when a new session begins.

  • Option to set a breakeven point after achieving a specified R:R threshold.

Indicators and Confluence:

  • Option to enable Moving Average (MA) confluence to align trades with trend direction.

Stop Loss (SL) Settings:

  • SL can be placed at the complete low/high of the range, mid-range, or a custom position based on preference.

  • Additional pips can be added to the SL to account for spread adjustments.

Lot Sizing:

  • Lot size can be determined by:

    • A fixed percentage of the account balance.

    • A fixed monetary amount.

    • A predefined fixed lot size.

Trade Entry Conditions:

  • A trade will be executed only after a candle closes outside the defined range.

  • I should be able to customize the range hours

  • A option to define a specific number of losses before a trade is taken. 

    • Example: If the threshold is set to 4 losses, the system will only consider the fifth trade as the first valid entry after these losses.

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Project information

Budget
30+ USD
Deadline
to 3 day(s)