Three Bar Break Free

4.5

DESCRIPTION

3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars.

Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm

This EA should work on any market and any timeframe though is optimised for EURUSD 5m timeframe.

Set File : Click Here

Features :

  • A purely mechanical system. Simply set and leave.
  • Risks are small per trade.  
  • An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
  • Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. 
  • To find broker execution speed we press button Execution Reading.

Settings : 

Trade Settings

  • Stop Loss - Sets the size of stop loss from opening order price in points.
  • Take Profit - Sets the size of take profit from opening order price in points.
  • Trailing Stop  -  Sets the size of our trailing stop in points.
  • Minimum Profit To Trailing Stop - Sets the size of profit in points that is required before we activate out trailing stop.
  • Close Opposite Order - Closes opposite pending order. EG If our sellstop is opened it closes the buystop

Trade Settings 

  • Pending Buy - Sets the distance in points we place our buystop order from the nearest part of triangle.
  • Pending Sell - Sets the distance in points we place our sellstop order from the nearest part of triangle.
  • Bar Count - Sets the amount of bars we count before deleting our pending order.

Graphical Objects Settings

  • Lines On or Off - Sets if we want lines to appear on chart outlining the triangle pattern.
  • Line Color - Sets which color we want the lines.
  • Line Size - Sets the thickness of lines.



Reviews 2
IATradingScalping
3128
IATradingScalping 2023.11.22 00:57 
 

LE pediria al creador del EA que por favor comparta los seting GRACIAS .

Miguel Jimenez Cordero
6779
Miguel Jimenez Cordero 2021.02.22 11:07 
 

4 * for the developer's work.

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Thi Thu Ha Hoang
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Florin Tudor
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Gold Maximum Scalper Gold Scalping Expert Advisor for MetaTrader 4 Gold Maximum Scalper is an automated trading EA designed for XAUUSD. It uses Volume Profile levels, including POC, VAH and VAL, to identify potential market reactions, breakouts and trading opportunities. Key Features Volume Profile analysis with customizable settings. Multiple entry modes: Reaction, Reversal, Breakout and Range. Basket trading with adjustable lot multiplier. Common take profit based on average entry price. Autom
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Exotic Bot   is a multi -cream multifunctional adviser working on any time frame and in any market conditions. The robot’s work is taken as a system of averaging with the non -geometric progression of the construction of a trading grid. Built -in protection systems: special filters, spreading, internal restriction of trading time. Building a trading grid, taking into account important internal levels. The ability to configure trading aggressiveness. Work postponed orders with trailing orders. T
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Experts
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Akihiro Tanaka
5 (1)
Experts
Overview "Shiranui" is an EA that performs short-term trading on the major currency pair EURUSD. EURUSD is the most heavily traded currency pair in the world, but while it stays calm during the Tokyo session, it suddenly turns volatile during the London session and around US/European economic indicators. Capturing this shift between calm and volatility is surprisingly difficult with this pair. The entry logic reads the trend direction, the price's position within that trend, and volatility cond
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THE MARKET CHANGES. EUR MACHINE PRO CHANGES WITH IT. Not one strategy for every situation. Not one signal. Not one fixed set of rules. EUR MACHINE PRO first determines what kind of market it is dealing with, and only then decides which trading logic should be used. Range? Trend? Calm market? High volatility? Different market conditions activate different models, different entry logic and different trade management. This is what many traditional Expert Advisors are missing: they continue applyin
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IATradingScalping
3128
IATradingScalping 2023.11.22 00:57 
 

LE pediria al creador del EA que por favor comparta los seting GRACIAS .

Stephen Reynolds
45424
Reply from developer Stephen Reynolds 2023.11.22 12:12
Ive added a set file to my comments section
Miguel Jimenez Cordero
6779
Miguel Jimenez Cordero 2021.02.22 11:07 
 

4 * for the developer's work.

Reply to review