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Breakout Trend Lines EA

3
This EA trades when the trend line, or high (low) price is broken. Trend lines and extremes are found by the specified parameters. In addition to trading, it also displays these lines on the chart. A trade occurs when the price goes outside the line and the candlestick closes. Also, the advisor may not trade if the market has low volatility, or other filters do not allow it to do so in order to cut off non-profit trades. It can set a stop loss in a parabolic pattern, or use a simple trailing stop.

The EA is easy to use and can be optimized for various currency pairs and timeframes.

Input parameters

  • Lots - lot size (at 0, the lot will be calculated from the percentage of free funds on the account);
  • Percent - percentage of free funds for opening each new deal (works when Lots = 0);
  • OrdersComments - a comment to deals;
  • OrdersFilling - change the way of order execution (some brokers may not support all methods);
  • Slippage - slippage (maximum allowable price deviation);
  • OpenOrdersDelayBars - delay between opening the next deal;
  • TradeEveryTick - define signals and trade every tick (true), or only at the close of the bar (false);
  • MaxSpread - maximum spread for opening a trade (so that a trade is opened when the spread is not higher than this value);
  • Magic - a unique identifier (you need to make it different if several Expert Advisors are running in the same terminal);
  • StopLoss - order closing price when the loss level is reached;
  • TakeProfit - order closing price when the profitability level is reached;
  • EnableAutoClose - automatic closing of orders upon a reverse signal;
  • TrailingStopValue - trailing stop value in points (0 - normal trailing stop off);
  • StopToParabolicStep - parabolic trailing stop (0 - disabled);
  • TradingRange - the number of bars in the trading range where highs and lows will be determined;
  • MinTradingRange - the minimum number of bars in the trading range to find the trend line (0-do not use);
  • StepTradingRange - step for changing the trading range (active when the MinTradingRange parameter is greater than 0 and less than TradingRange);
  • Distance - the minimum distance from one maximum (minimum) to another for plotting trend lines;
  • Shift - shift to identify a breakout, relative to the trading range;
  • Shift2 - shift to determine the breakout of the inclined trend line;
  • StochasticFilterPeriod - enable filtering of signals by the Stochastic indicator (0 = disabled, more than 0 - setting the period);
  • StochasticSlowing - slowing down of the Stochastic indicator;
  • StochasticLevels - levels of the Stochastic indicator (for example, 30 means that the levels will be 30 and 70);
  • StrongFilteringByStochastic - enhanced filtering of signals by stochastic;
  • CandleFilterStrength - filtering the signal by candlesticks (0 - off, 0.1-10 - the required candlestick strength for the signal);
  • MinLenForCandleFilter - minimum candle length for signal filtering;
  • MAFilterPeriod - period of the moving average indicator for signal filtering (0 - filter off);
  • MAFilterPeriod2 - period of the second moving average for signal filtering;
  • AdxPeriod - period of the ADX indicator;
  • MinAdxLevel - the minimum level of the ADX indicator (for example, 6.5);
  • TradingStartHour - trading start hour;
  • TradingEndHour - trading end hour;
  • EnableInfo - show various information from this Expert Advisor on the chart;
  • TrendLinesColor - line drawing color;
Created on the basis of the indicator: https://www.mql5.com/en/market/product/64285


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Have you ever wondered why most expert advisors are not effective in live trading, despite their perfect backtest performance? The most likely answer is   Over-fitting . Many EAs are created to ‘learn’ and adapt perfectly to the available historical data, but they fail to predict the future due to a lack of generalizability in the constructed model. Some developers simply don't know about the existence of over-fitting, or they know but don't have a way to prevent it. Others exploit it as a tool
Euro Dealer
Tajammul Hussain
4.11 (9)
Euro Dealer: Unleash the Power of EUR Trading Prepare to revolutionize your forex trading experience with Euro Dealer, a cutting-edge expert advisor that harnesses the immense potential of EUR currency pairs. This meticulously crafted EA is the product of countless hours of research, development, and rigorous testing, ensuring that you have access to a powerful and reliable tool for your trading arsenal. Euro Dealer specializes in trading seven major EUR pairs, including EURAUD, EURCAD, EURCHF,
Candle EA MT5
Mansour Babasafary
4.36 (39)
This expert is based on patterns The main patterns of this specialist are candlestick patterns Detects trends with candlestick patterns It has a profit limit and a loss limit, so it has a low risk The best time frame to use this expert is M30 time frame The best currency pairs to use with this expert is the EURUSD, GBPUSD, AUDUSD, USDCAD currency pairs The price will increase by 100$ after every 10 purchases! Final price 2450$ Get a 50% bonus by buying (or even renting) any of our product
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Free indicator to quickly detect trendline breakouts and high or low of a price range. It displays lines based on the highs and lows of prices, and also finds and displays inclined trend lines. As soon as the price goes beyond the line and the candlestick closes, the indicator signals this with an arrow (you can also enable an alert). This indicator is easy to use and also free. The number of candles for defining trend lines as well as the high and low of the trading range is configurable. It w
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This indicator is able to determine the price levels at which there was the most volume for the specified period of history. In the future, the price often bounces off such levels, and this can be successfully applied in trading. They are displayed as lines, some parameters for determining the levels can be adjusted. This indicator is simple, therefore, it does not report signals, and only builds levels on EUR/USD. Parameters HistoryBars - the number of bars to determine the near volume levels;
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Moving averages are very often used for analyzing currency pairs and trading. This Expert Advisor can analyze many moving averages at once and trade based on this. When the required number of moving averages signal a purchase, the adviser makes a purchase, if the indicators signal a sale, the advisor sells. Also, there is filtering spurious signals at low volatility based on the ADX indicator. In the settings of the adviser, you can set the required number of sliding ones, their period (the init
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Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. This is a demo version that works only on the USD/JPY currency pair. To work on all currency pairs, install the full version: https://www.mql5.com/en/market/product/15888 Param
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This Expert Advisor identifies trend reversals based on fractals and some other indicators. It is a free lite version of Three fractals Brief description of the trading strategy: when the fractals were formed after a prolonged fall, and the last fractal did not update the minimum of the previous bar's lower fractal, then a trend reversal is determined (at the same time, there must be a fractal in the middle, which is higher than the others). Similarly, opposite for growth. In case other indicato
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The utility manages other EAs' orders as well as the ones opened manually. It is capable of trailing the price (trailing stop function), set a stop loss and take profit if they have not been set before. When configuring the utility for an EA having no trailing stop function, place it to the new window with the same currency pair specifying the same Magic value (as for the EA orders the stop loss is to be applied to). You can set any timeframe. It does not affect the utility operation. Set Magic
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Volume Candles
Alexander Nikolaev
Volumes are one of the most important factors of trading, as it is the high volumes that move the market in either direction. But there are very few standard indicators for volumes in MetaTrader 4. The Volume Candles analyses the volumes of the trades and displays candles depending on these volumes. The candle appears once the required number of volumes has passed during trading (the VolumeCandle parameter). If the candles close frequently and are thin, then the volumes on the market are current
Volume Levels
Alexander Nikolaev
5 (3)
Volume Levels is a very important indicator for exchange trading. Most of the trades were performed on those levels. This indicator displays the price level that had the most trade volumes over a certain period of time. Often, the price bounces from those levels in the future, and it can be successfully used in trading. It works on any currency pair. Parameters HistoryBars - the number of bars to determine the near volume levels; Range - the maximum distance above and below the current price t
EMA 8 and 18 Trading System
Alexander Nikolaev
2 (1)
This EA implements the EMA 8/18 strategy, which is used by many traders. Brief description of the strategy: The Buy is determined when the EMA 8 indicator crosses the EMA 18 from below, with the price moving more than 50 points from the crossing. The buy position is opened when the price touches the EMA for the first time, after that, as the price rises, the trade is maintained by a trailing stop with a step of 30-35 points. The opposite is for opening a sell position. The parameters of the fast
ProCandles
Alexander Nikolaev
Some experienced trades can tell where the price will go even without indicators, as the direction of the price can be found using the ordinary candlesticks. The EA compares several nearest bars and their volumes, and opens a trade based on that data. Also, it is able to analyze the candles on two timeframes at the same time to make the entry more accurate and less risky. In addition, the EA can automatically determine the take profit and stop loss size depending on the size of the previous cand
Colored candles
Alexander Nikolaev
Some candles have a strong tendency to continue the movement or to revert it. With the help of the Colored candles indicator such movements are clearly visible. This indicator calculates the parameters of each candle, as well as its volume, and after that it paints the candles depending on its strength and direction. Bullish candles are colored green and bearish candles - red. The greater the power of the bulls or the bears, the brighter the color. You can change the colors if you want. The indi
It is good to know the presence of a trend on multiple timeframes at once. And even better - on multiple currency pairs at once. This indicator allows to quickly determine the presence of a trend or a flat on 8 timeframes and from 1 to 15 currency pairs at once. Multi Alligator Signals analyzes the signals of the Alligator indicator by Bill Williams on every timeframe (from M1 to W1) and multiple currency pairs (up to 15) simultaneously. If there is a buy signal, a green upward arrow is drawn, i
Parabolic And CCI
Alexander Nikolaev
5 (1)
The EA detects strong movements using the Parabolic indicator and opens a trade. The Commodity Channel Index (CCI) is used as an auxiliary indicator. The CCI levels may depend on the ADX indicator values, which allows for better trading with different volatility. Also, the trades are opened depending on the RSI indicator values on a certain timeframe. Recommended timeframes: M5, M15, M30. Make sure to optimize the parameters of the EA for your account before trading. Input Parameters Lots - lo
Breakout Trend Lines
Alexander Nikolaev
5 (2)
The indicator draws lines based on the price Highs and Lows, as well as slant trend lines. Break through the trend line, High or Low usually indicates trend change (or continuation). Once the price moves through a line, and the candlestick closes, the indicator draws an appropriate arrow (also, you can enable alerts). This indicator is easy to use, but nevertheless, there are many trading strategies, which are based on a breakthrough of the trend lines. The number of candlesticks used to determi
Channels Pro
Alexander Nikolaev
5 (5)
The indicator determines and plots price channels or lines, reading information from multiple timeframes (from current, second and third) simultaneously. Color and width of lines for each timeframe can be customized. It is also possible to set different distance between the Highs and Lows for plotting channels or lines. Parameters History - maximum number of bars to plot channels or lines; Distance - minimum distance from one High (or Low) to another when plotting lines; Shift - shift for seve
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JCJ
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JCJ 2022.02.26 11:18 
 

Was not able to obtain consistently positive results, great concept

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