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Breakout and Rebound EA

Breakout and Rebound EA works using the opening prices of new bars. The strategy is based on the breakout/rebound from newly formed support and resistance levels. The support/resistance levels are identified using a narrow range of fluctuations in High/Low price of the bar for the period n. Entries are made in the direction of the initial movement from a level +/- n points.


The EA is designed for intraday trading with all major currency pairs on any timeframe. Any trading style can be used, which makes the EA not just a trading robot, but a multifunctional flexible designer. The EA applies dynamic levels for placing new orders, stop loss, take profit and trailing stop levels invisible for brokers. Their values can be calculated in pips, in money, in percents of the balance or based on volatility (ATR).

Each block responsible for management of a particular function can be customized separately and operate as a single unit. The EA is able to interact with and to positions opened in different directions (both single orders and order baskets), close interact with positions opened manually or by another expert (start managing deals, distinguished by magic number). Since the EA works on open prices of new bars, it can be optimized easily and quickly.


Recommendations

  1. Before using on a live account, test the EA with minimal risk on a cent account;
  2. Use VPS or hosting server with minimal network latency to the broker's server;
  3. Low spreads + low commission + high quality execution are important when choosing a broker to trade;
  4. Use the EA on high liquid pairs, such as EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, NZDUSD;
  5. Minimum deposit - 1000 currency units per 0.01 lots;
  6. H1 timeframe.


Parameters

  • MaxHighLowRange - the maximum range of the High/Low price fluctuation of a bar.
  • MaxBarsInRange - maximum bars in the search range.
  • MinBarsInRange - the minimum number of High/Low bar prices in the range.
  • IndentFromRange - indent from the level for opening positions, not used if 0.


Most Relevant Parameters

  • StartTime, EndTime - time for opening orders, not used if 00:00.
  • LotsFor1000 - initial lot size per 1000 units of base currency.
  • ATRPeriod - period for calculating the average daily volatility, in days.
  • TradeDirection - trading method: trade in one or both directions simultaneously.
  • OrderOpenMode - calculation of step for opening orders: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
  • GridStep, GridStop - step for averaging positions, not used if 0.
  • PyramidStep, PyramidStop - step for increasing positions, not used if 0.
  • HedgingStep, HedgingStop - step for hedging positions, not used if 0.
  • CountingOrders - order counting: each series separately or the total number of orders in different directions.
  • GrowingVolume - scale in to positions by the amount of orders or by lot increment.
  • IncreasingLot, DecreasingLot - increase/decrease the lot by the specified percentage, not used if -0.
  • StartIncrease, StartDecrease - the position to start increasing/decreasing the lot.
  • MaxLotFor1000 - the maximum lot per 1000 units of base currency.
  • LevelsMethod - setting take profit/stop loss: separately for short and long positions or for the entire basket of orders.
  • LevelsMode - calculation of take profit/stop loss: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
  • StopLoss, TakeProfit - stop loss and take profit, not used if 0.
  • TrailingMethod - trailing stop method: separately for short and long positions or for the entire basket of orders.
  • TrailingMode - calculation of trailing stop: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
  • TrailingStop, TrailingStep - trailing stop and trailing step.
  • MagicNumber - magic number, the EA manages all positions opened manually or by another expert if set to -1.
  • TradeComment - trade comment.


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AW Recovery EA
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Advisor is a system designed to restore unprofitable positions. Simple setup, delayed launch during drawdown, locking, disabling other expert advisors, averaging with trend filtering and partial closing of a losing position built into one tool. The system of automatic calculations will prepare the settings in a few clicks. The use of partial closing of losses allows you to reduce losses with a lower deposit load, which ensures a more secure work with losses, in contrast to the grid strategies o
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EA Spectr
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⭐   9 copies for $199. ⭐ Next price $249. ⭐ Final price $499. EA Spectr is an automated professional multi-currency expert advisor that designed for long-term profitable trading. The EA continuously controls price movements and makes accurate trades based on market patterns, trend and technical indicators. The Ea contains a flexible news filter, high spread protection, separate time and days trading filters and allows to work with automatic and fixed trading lots. Each Ea trade is covered b
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================================================================================================ Try the default settings on M5 - EURUSD, EURCAD, EURAUD, AUDNZD; M15 - USDJPY ================================================================================================ Monitoring signal:  https://www.mql5.com/en/signals/747414 ================================================================================================ I believe that the RSI is the best indicator out there and most of th
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Rocket Man
Evgenii Golovanets
Price: $499 3 of 10 copies left at this price Next price $599 Recommended broker Recommended broker №2 Live signal   https://www.mql5.com/en/signals/911160 Telegram channel   https://t.me/rocketman_ea Rocket Man  is a fully automated expert adviser, which implements convenient features to perform multicurrency trading with the ability to widely diversify trading risks. This Forex robot uses just one deal for trading and always use stop loss and take profit to protect capital! Expert never uses
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Trend Scalp Pro
Sara Sabaghi
Trend Scalp Pro   ⭐⭐⭐⭐⭐ 25% DISCOUNT JUST WOR 1 WEEK -  168$ Reduced to 128$ Live Monitoring:  🚀🤑 https://www.mql5.com/en/signals/842515 https://www.mql5.com/en/signals/704872 This Is a a full feature pro version - You can enjoy free version HERE ⚡ Many traders don't trust robots... they Just use technical analysis and make manual orders. So what happens if this technical analysis and use trend line to make the best decision and work AUTOMATIC ??   🤑   🤑  Yes. We do that... ⭐   Trend Scalp
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Trend Line GRID mt4
Evgenii Aksenov
This is a grid EA based on the signals of the   Trend Line PRO   indicator:   https://www.mql5.com/en/market/product/42399 Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. After a certain number of orders, the DrawDown Reduction function is enabled, which reduces the most unprofitable orders by closing them with a counter profit. This ensures that a profit is achieved in each trend. EA also accompanies trades opened in manual mode
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Pinpoint EA
Ryan Brown
The Pinpoint EA is the result of 6 months of work to build an EA that's able to safely recover a losing trade over 17+ years of backtesting. The Pinpoint has a 94% win rate and has never lost more than 2 trades in a row in 17 years of testing on the GU and EU.  The EA trades almost on daily basses and churns out a profit every week! Pinpoint V1.9 Backtest data shows a 94% win rate over 17 years! Projected monthly profit of 2.5% a month (default settings) Trades every week Trades the EURUSD & G
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NGUYEN NGHIEM DUY
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NGUYEN NGHIEM DUY
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NGUYEN NGHIEM DUY
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NGUYEN NGHIEM DUY
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Gold Miner MT4
NGUYEN NGHIEM DUY
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NGUYEN NGHIEM DUY
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Risk Control Utility MT4
NGUYEN NGHIEM DUY
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NGUYEN NGHIEM DUY
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NGUYEN NGHIEM DUY
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NGUYEN NGHIEM DUY
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