BreakOuter is an Expert Advisor which uses a local extremum breakout strategy. Low stop loss level and fast moving to breakeven along with trailing enable the EA to take profit from Forex trading in a rapid and steady manner.
The best results have been achieved when trading EURUSD on H4. But you can easily optimize settings for any other pair or time period.
- use_MM - enable/disable money management;
- fix_lot - constant lot if use_MM = false;
- Risk - risk percentage per a trade of the deposit, if use_MM = true;
- takeprofit - take profit in pips;
- stoploss - protective stop order;
- tral_start - trailing a trade when the specified profit in pips is reached, if 0 - trailing stop is disabled;
- breakeven_start - level in pips to move a trade to breakeven;
- breakeven_pips - number of pips to move an order to breakeven (open price + small profit);
- indent - indent in pips from the local extremum to place an order;
- magic - identification number of the EA's orders.
2. Added timeframe selection. The EA will work on the selected timeframe regardless of епру current one.