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WHL breakout

"WHL breakout"  is a fully automated EA , as it's name says, based on a breakout strategy.

Default input parameters are optimized for EURUSD pair and h1 timeframe


Main features

  • The software operate with stop orders, placing them to nearby support and resistance levels
  • Every trade has a fixed stop loss and take profit level
  • No martingale, grid or other risky strategy included
  • Backtested for 3 years with 99,9% modelling quality (tick data suite v2)

Parameters

  • StopLoss - stop loss level in points.
  • TakeProfit - take profit level in points
  • Lot - fixed lot size on every trade
  • Risk - percentage of actual equity to risk on a single trade. Lot size increases with account equity. Set zero here to use fixed lot size.
  • Slippage - maximum slippage alloved on a trade
  • Confirmation - minimum number of candles needed to confirm a support/resistance level. A level is confirmed if at least the last x candle is above/below it.
  • Offset - place the orders higher or lower than the calculated support/resistance level. The parameter is in points.

No reviews
Version 1.4 2018.11.11
bugfix
Version 1.3 2018.11.08
Better working along with other EAs. If the account equity changes while pendig orders are opened, the program calculates the new lot size based on the money management settings, and replace the orders.
Version 1.2 2018.10.23
Additional input parameters:

Magic_Num - magic number
comment - order comment
Version 1.1 2018.10.22
bugfix