Market / MetaTrader 4 / Experts /

BreakOutScalper

499 USD

Demo downloaded: 244

Published: 24 July 2019

Current version: 1.2

BreakOutScalper

Experts
Ashok Nale
Version: 1.2
Updated: 8 August 2019
Activations: 5

This Scalper is based on Support/Resistance level that are identified using innovative algorithm. This is very simple EA to set it up.

Demo Accounts :

Growth Status as of 2/06/2020

TickMill - https://www.mql5.com/en/signals/620466 -- 105327% (Initial Deposit - 200 USD, Profit - 210654.42 USD)

Recommended Currency Pair to run -

GBPUSD Renko 4 pips bar chart with Wicks generated for Back testing.

EURUSD Renko 4 pips bar chart with Wicks generated for Back testing.

EURUSD M15

Recommended Broker parameters -

ECN Broker

Preferable Spread :

EURUSD less than average 0.3 pips,

GBPUSD less than average 0.8 pips

commission less that $7 per lot round trip,

VPS with broker's Server delay less than 3ms.

Recommendation for Back-testing

Please use Tick Data with 99% or more accuracy to back test this EA.

Input Parameters -

mManage - True for dynamic lot management

- False for specified (by parameter fixedLot) fixed Lot

stopLoss - tighter as much as possible to minimize Draw Downs by default 1.3 pips (optimized for EURUSD)

risk - Risk Index can be set from fractional value as low as 0.1 to 40.

fixedLot - by default to MODE_MINLOT of the broker.

stopWeekendMinutes - Minutes just before market closes for weekend.

For Example Market Closes at 23:00 hours

then EA can be shutdown at Hour 22:50 by specifying (22 * 60 )+50 minutes.

maxAllowedSpread - Allowed Spread by default 1.5 pips

magicNum - Any integer value that user want

OrdCommnets - Any String value that user want to comment on Orders placed by this EA.

Please see the screen shot attached to see default settings.

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Version 1.2 2019.08.08

Fixed the bug in end of the day disabling feature of EA.

Version 1.1 2019.08.02

BreakOutScalper version 1.1 includes feature that disables EA trading for End Of the Day from 23:00 Hours and Enable at 02:00 hours of Server Time.