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Swing Trade Breakout

Swing Trade Breakout is a fully automated expert advisor. This expert advisor is based on breakout trading strategy and is a breakout through support and resistance that suggests that the market is pausing or consolidating. The bulls cannot create pressure for a higher high and the bears cannot create a lower low.

So if the inside bar breakout is bullish, typically want to buy. But if price turns against and it breaks the lower level of the inside bars, the system mechanism will consider reversing and opening the trade in a short position instead.

With many strategies in this EAs, it can create an opportunity to get the most appropriate trading positions and to take advantage of market moves, between lines of support and resistance.

This EAs has passed 11 years back test of real tick data (2008-2019)


Key Features

Timeframe: M15
Currency pairs: GBPUSD
Use only five-digit accounts
Initial deposit: $ 500 up
It is recommended to use a low spread ECN Broker, 1:500 leverage  
Using real tick data in backtest with 99.9% modeling quality


Parameters

MagicNumber - magic number to set the ID for each EA
Lots - initial lot size 
LotSize_MM - Fixlot/Autolot 
AutoLot_risk - risk rate of auto lot
Profit_risk - risk rate of profit
MaxOrders  - max orders 
Rsi_Overbought - Rsi overbought value
Rsi_Oversold - Rsi oversold value
Rsi_period - Rsi averaging period
BBand_period - averaging period to calculate the main line
BBand_deviation - number of standard deviations from the main line
Momentum_period - momentum averaging period
Momentum_buy - buy when momentum is above the default value
Momentum_sell - sell when momentum is  below the default value
MFI_Overbought - MFI overbought value
MFI_Oversold - MFI oversold value
MFI_period - MFI averaging period
Close_Some_Orders - True/False
minimum_orders - minimum orders to close
minimum_profits - profit target
DDCloseAll - enable drawdown percent close, set true or false  
DDPercent - set the percentage to cut loss, % drawdown
Slippage - slippage value in points 
MaxSlippage - maximum allowable slippage value in points  
StartTradeTime - set time to start trading  
EndTradeTime - set time to end trading 
BrokerGMTOffset - Your Broker GMT Offset
TradeMonday_Mode - set ON/OFF for Monday trading   
AfterHourMonday - after hours Monday start  
TradeFriday_Mode - set ON/OFF for Friday trading 
AfterHourFriday - after hours Friday close   
CloseOrderFriday - closing profit orders on Friday  
CloseProfitFriday - profit amount 
CloseAllFriday - close all orders on Friday  
Display Settings - apply default or change display position 
Top - distance from the top

Left - distance from the left


Monitoring

  • myfxbook.com/members/EA_SPD/swing-trade-breakout/3457858
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