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Candle Breakout Expert Advisor

88 USD

Demo downloaded: 192

Published: 29 January 2021

Current version: 4.0

Candle Breakout Expert Advisor

Experts
Tom Seljakin
Version: 4.0
Updated: 1 February 2021
Activations: 5

Candle Breakout EA is a trading tool for traders using the high and low breakout strategy of a previous candle. The EA waits till the price is higher than the previous candle's maximum or below the previous candle's minimum, and later opens a certain order (you can choose which type of order to open when the extremes are broken). This type of trading is well suited for classic strategies such as day trading on daily charts, breaking the morning candle on Monday, impulse trading, etc.

The Expert Advisor has many useful features that will help the trader to personalize their trading, namely:

Time filter - allows the EA to trade only at a certain time.
Filter of days of the week - the user can set on which days of the week the advisor is allowed to open orders.
Candle size filter - the EA will open orders when the candle size is within a certain range.
The MA trend filter - The user can choose which orders the advisor can open if the price is above and below the MA line.
Trade confirmed breakouts - the EA will trade only after a candlestick closes above/below the extremes.
Powerful order tracking tools - the EA can place stops based on the ATR indicator, close orders when the opposite order type is opened or when the price breaks the opposite extremum.

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Brief description of the most important input parameters:

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Main settings:

Comment/Magic number for orders - comment/magic number for orders.
Maximum allowed slippage - the maximum allowed spread/slippage for orders.

Money management settings:

Money Management Type - type of lot calculation. 'Fixed_Lot' - the lot will be fixed, 'LotSize_Per_Balance' - the lot will be determined by the size of the balance (for example, if a user sets 0.1 lot for every 10000 balance size, this means that if the balance size decreases down to 9000, then the lot will be 0.09. If the amount increases to 11000, then the lot will be 0.11). RiskPerTrade - the lot will be calculated based on the risk percentage per trade.
Size of the fixed lot, lot-step, or risk percent - fixed lot size, lot size for a certain balance size and the percentage of risk per trade.
Balance size for a certain lot - balance size for a certain lot .

Date and time settings:

Use trading period - Use a time filter. If 'True' then the EA will trade only at certain period.
The start time/end of the trading period - the start/end of the trading period.
Trade only at specific days of week - days of the week when the EA can trade. For example, if in the parameter is set a number '1', then the EA will trade only on Mondays. If the numbers are '1.2', then on Monday and Tuesday. The days of the week must be separated by commas.

Entry conditions:

Use MA Filter - use the Moving Average indicator as a trading filter.
MA Period - period of the MA indicator.
When price is above/bellow the MA line, allow to open only: - what type of orders to open when the price is above/below the MA line.
If a high/low is broken, open an: - what type of order to open when the candle's high/low is broken.
The minimum/maximum allowed size of a candle - allowed minimum/maximum candle size. If the size of the candlestick is less/greater than the specified values, the EA will not open orders.
Add pips to high/low - an additional number of pips to add to the high/low value in order for a breakout to occur.
Open orders only after a confirmed breakout - opens an order only after the breakout candle closes above / below the high.

Order Management:

Take-Profit/Stop-loss size Is based on - take profit calculation type: by ATR or fixed. Formula for calculating take profit by ATR: ATR values * to the value specified in the 'Take Profit: ATR multiplier' parameter / minimum change in points of a certain currency pair (for example 0.00001).
Take-Profit/Stop-loss: fixed size or ATR Period - a fixed size of take profit or ATR period.
Take-Profit/Stop-loss: ATR multiplier - multiplier for the ATR value.

Miscellaneous:

If an order is opened, send: - a type of notification the EA will send when the EA opens an order.
If an error occurs, send: - a type of notification the EA will send when an error occurs.

The full description of the input parameters you'll find the comments page.

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''A professional trader is a greedy trader: he buys at lows and sells at highs with minimal risks and high returns,, Pips Slayer is developed exactly for such trading approach . It's a universal indicator for tracking reversals and uses price action patterns, discrepancy of custom indicators and a multi-layered formula for identifying reversal structures. The indicator is very easy to use; it only shows arrows where is recommended to buy or sell and recommended take-profit and stop-loss prices

FREE

Quantum Incinerator EA is the exact the EA you were waiting for. Developed by professional traders with overall 12 years of experience who are ready to show you what a real high frequency EA should be! Quantum Incinerator EA is special kind of EA that utilizes fractal based support and resistance strategy in order to utilize dynamics of the market in a profitable way. And although the adviser uses a minimum of settings for your convenience, 'do not judge a book by it's cover', the EA is an absol

FREE

Pro Indicator Trader is a professional trading tool with which you can automate/create a trading strategy using the 31 classical Metatrader 4 indicators. An elegant and intuitive interface allows you to customize your strategy down to the smallest detail and choose whenever the EA should open a buy or sell position. For each entry-trade rule, you can use up to 14 different indicators. The EA is designed for professional traders, therefore it has many advanced functions. The EA records the order

329.99 USD

The open tool of the most popular strategy on MQL5 'Breakout of High/Low' points. Developed by professional traders with overall 12 years of experience! Classic Fractal Scalper is an EA tool based on the popular strategy of breakout of custom fractals. The user can set the range of a fractal, the number traded fractals and the offset points from the fractal points. The EA trades with stop-orders and then they are activated the EA manages them. The EA has a rich set of tools. It writes statis

329.99 USD

The Omega Point indicator uses a complex multilayered system that is used by the top world traders which helps to determine the beginning of trends that are highly likely to last for a long time. The system uses several complex trend calculation modes, due to which the indicator adapts to the specifications of different currency pairs, and is suitable for both conservative and aggressive trading. The indicator makes the necessary calculations and shows important information about how the trade

69.99 USD

Master Point is an indicator set that includes the most powerful and necessary tools for a trader, giving that very edge in the markets to be successful. An indicator that has an elegant and complete system that works very well in all markets (Forex, Crypto, Stocks, Indices) helps to find the best reversal points. It has tools such as trend reversal detection, pivot points, divergences, currency strength and 'candle strength'. All this makes the indicator a complete tool that does not require a

129.99 USD

1 099.90 USD

Simple grid master is a trading tool for trading reversals with help of grid and martingale style. The EA uses for entry into the markets such indicators as: Bollinger Bands, Ozymandias, Moving Average, Williams Percent Range, Stochastic, MACD. You can select which indicators will be used for entries, customize martingale and grid settings to your liking, use additional filters (time filters, order distances, etc.) for more accurate entries. The most important that the EA is constantly improvi

150 USD

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