Loots Breakout is a complex, fully automatic expert which analyzes the market all day long and acts if there is an opportunity of gaining pips.
This Expert was designed to make gains in the face of external shocks and market disruptions (Brexit, US elections, etc.). Therefore, it does not provide optimal solutions in typical range and trend situations.
The risk is very low. The expert might not act every day, sometimes not even every week. Loots Breakout exploits every situation it deems beneficial in high frequency trades.
A good ping to the server is recommended but the program will also work with lower connection rates. In test runs, 60ms have been found to be still adequate.
A broker with low spread is also recommended, as the ea will stop above a spread size of 3.0.
When the price is close to the entries, the program will stop redrawing the graphic elements to provide the correct entry.
Short holding time. The average trade length is around 14 seconds.
Choose any timeframe you prefer. The expert is working on M1 and will go on even if you switch to W1.
The best performance of Loots Breakout has been achieved on low spreads and fast moving pairs.
Recommended Pairs: EURUSD, GBPUSD, USDJPY and EURGBP.
- trading=true - Allow trading
- dynamicLots=false - Set dynamic Lots
- LotsPro=0.01 - If Dynamic Lots is true, choose your lot size a 10.000
- fixedLots=0.01 - If Dynamic Lots is false, choose your fixed lot size
- Sound=true - Play Sound if hit
- SoundAlert= "tick.wav" - Set your Soundfile /must be in MT4/Sounds folder
- EntryArrows - Show Entry Arrows
- MagicNumber=1057 - Choose your Magic Number
- DailyStartHour - Daily running hours starting with
- DailyEndHour - Daily running hours ending at
- StartDay - Starting on Day
- StartDayHour - Starting with Hour
- EndDay - Ending with Day
- EndDayHour - Ending at Hour
- Label=true - Show Labels
- ShowEAName=true - Shows EA name
- Spread=true - Show Spread
- ShowLotSize=true - Show Lotsize
- Win=true - Show Profit in %
- StartMoney=100 - Your start amount of money
- floatingProfit=true - Show floating Profit
- dailyProfit=true - Show daily Profit
- dailyTrades=true - Show daily Trades of the Pair
- alldailyTrades=true - Show all daily Trades
- grid=true - Show Grid
- HLine=LightSlateGray - Color of the Grid
- gridColour - Colour of the Grid
- email=false - Send emails
- send=10 - Limit of performed Pips above the program will inform you
- sendfrom=10 - Starts sending emails at X o'clock (0-24)
- senduntil=20 - Ends sending emails at x o'clock (0-24)
- sendevery=15 - Email every X Minutes (min 5)
- ModifyEP - Modify the EntryPoint
- ModifySLTS - Modify the StopLoss/TrailingStop
- ModifyTP - Modify the TakeProfit
- NumberOfTrades - Set the maximum Number of Trades per Minute
- HighLotWarning - if true this will stop trading and warns you if your Lotsize is higher than recommended
Added manual Entry Point
Added Tradingtime per day
Added Tradingtime per week
Added Warning for not recommended Lotsize
Added Maximum Trades per Minute
Added Entry Arrows
Corrected some words