BREAKOUT JP

MQL5 Experts

Specification

What i want this EA TO DO.

Entry Logic

  • Sell when price breaks below the bottom line with stop loss and take profit 
  • Buy when price breaks above your top line with stop loss and take profit 
  • These lines will be created manually, and I used an edited version of Fibonacci for this. Can you create something similar? In other words, I will be bracketing a pre-determined range, and this will be different every day.
  • If I go long at the break when the price hits 3:1, I want the EA to close 2/3 of the position and let the other 1/3 run with the stop moved to breakeven with an option to change settings

Stop Loss

  • Fixed the pip stop based on the lines I drew. For example, the line you see in black is a Fibonacci 0-100, and the middle 2 lines are the Fibonacci range at 33.33% and 66.33%.
  • For example, I sell at the breakout of the bottom line with a stop at the first line above, and I buy at the breakout of the top line with a stop at the first line below.

Re-entry Logic (IMPORTANT)

  • If trade is stopped out
  • AND price breaks the level again
    👉 Re-enter same direction

 

LOT SIZES:

See trade utility pro image and i want various options especially money risk which will determine my lot size nad risk percent.


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Project information

Budget
32+ USD
VAT (23%): 7.36 USD
Total: 39 USD
For the developer
28.8 USD

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