Early Morning Breakout
EARLY MORNING BREAKOUT is a momentum Break-out Expert advisor, based on High and Low prices during the Asian Session. The EA detects perfectly the trend and uses commodity channel index (CCI) to avoid false momentum breakout.
EARLY MORNING BREAKOUT recommended trades on EURUSD using market orders on hourly TimeFrame. Each deal is protected by stop orders (Stop Loss ) and uses Trailing Stop to maximize profit.
The trading robot has been developed considering trading on a real account.
Please don't expect many trades per day , the robot plays less trade.
- No Martingale
- No Hedging
- No Scalping
- No Grid
- No Arbitrage
- Works with 4 and 5 digit trade servers.
- Terminal must be online 24 hrs a day
- The input parameters are optimized only for EURUSD on H1
- Trading terminal: MetaTrader 4.0.
- Pair: EURUSD.
- TimeFrame = H1
- Spread = 3 Or Below
- Leverage: 1:50 and higher.
- Account type: micro, mini or standard.
No Need to change default settings, change only TradeSize, StartTime, EndTime, EndPending and StartTimeLondon.
*EA Start Hour must be your MT4 terminal Frankfurt Open Time.
Example: Frankfurt market open at 2:00 AM and your MT4 terminal says 9:00 AM, you must apply the setting for Start Hours as 9:00 AM.
Volume Entry Settings
- MagicNumber = 123; MagicNumber
- TradeSize = 0.1; Fixed trade size
- MaxSpread = 8; Maximum Spread to open a trade ( Do not change)
- MaxSlippage = 3; Maximum slippage ( Do not change)
- MaxOpenTrades = 1; Total number of trades ( Do not change)
- MaxLongTrades = 1; Total number of long trades ( Do not change)
- MaxShortTrades = 1; Total number of short trades ( Do not change)
- TradesNb =1; Total number of trades per day ( Do not change)
Trading Hour Entry Settings
- UseTimer = True; Enable/Disable trading hours ( Do not change)
- StartTime = 8; Start trading hour, must be always hour before frankfurt market Open.
- EndTime = 14; End trading hour , recommended hour before US market Open
- EndPending = 14; Cancel pending trade hour, same hour as EndTime
- StartTimeFrankfurt= 9; Frankfurt market open , StartTime + 1
- TradeMonday = true; Enable/Disable trade this day
- TradeTuesday = true; Enable/Disable trade this day
- TradeWednesday = true; Enable/Disable trade this day
- TradeThursday = true; Enable/Disable trade this day
- TradeFriday = true; Enable/Disable trade this day
- TradeSaturday = true; Enable/Disable trade this day
- TradeSunday = true; Enable/Disable trade this day
Alert Entry Settings
- Send_Email = true; Enable/Disable Send notification ( Trades info and error if occurs)by Email ( you must configure mails in mt4)
- Audible_Alerts = true ; Enable/Disable alert in mt4
Trailing Entry Settings
- ProfitTrailing=True; Enable/Disable start trailing only when order earns profit ( Do not change)
- TrailingStop =5; Trailing stop
- TrailingStep =3; Trailing step
- TrailingStart =15; Trailing start
Filter Entry Settings
- Opposite = true; Enable/Disable reversed trade in case of loss trade ( Do not change)
- Tolerance=5; Difference between calculated price and the price of the market ( Do not change)
- UseCCIbuy = True; Enable/Disable CCI filter on Long trades ( Do not change)
- UseCCIsell = True; Enable/Disable CCI filter on Short trades ( Do not change)