Market / MetaTrader 4 / Experts /

THE Daily breakout

35 USD

Demo downloaded: 104

Published: 21 May 2021

Current version: 2.0

THE Daily breakout

Experts
Mr Valentin Michel Draperi
Mr Valentin Michel Draperi
Owner and Founder at MetaToolsLab

United Kingdom

581
- https://metatoolslab.io
Hello, I'm Valentin Draperi with 10 years experience in designing optimized and reliable expert advisors, indicators, and utilities available on the MQL5.com Market. I aim to offer valuable products at competitive prices, ensuring the best user experience and support for my customers.

9 topics 36 comments
Version: 2.0
Updated: 4 July 2022
Activations: 5

THE DAILY BREAKOUT

The simple and efficient way.

⚠️ No martingale

⚠️ No Grid system

⚠️ No overcrowded charts

✅ I recommend pairs with low spread such as EUR/USD or AUD/USD.

✅ THE Daily BreakOut work well too on indices such as SP500 or CAC40.

✅ You should be using EA Daily BreakOut on a daily timeframe but is suitable for other TF as well with the right settings.

HOW IT WORKS

👉 First of all this EA is based on the daily breakout which means that as soon as the price is lower/higher than the last day, THE Daily BreakOut will place an order automatically for you.

👉 No martingale / grid system are used in this strategy, the reason is I don't believe in this kind of strategies and personally think that they are not suitable at all for low capital and even with a big capital this kind of strategies will always end up by blowing your account.

👉 THE Daily BreakOut is limited at one trade per bar.

SETTINGS

Magic Number : Allow you to use THE Daily BreakOut on several charts in the same time.

Fixed / Auto lot : Auto lot is based on the risk which is represented such as 1 is equivalent to 0.01 Lot for 1K of your account currency.

Stop loss / Take profit : SL can be either a trailing stop or set manually, if set manually you can also add a breakeven on it which will close half your order when breakeven reached.

Object On Charts : Simply display Logo / trading information.

You can find some screenshots of my previous backtest, I normally do my backtest on a period of 1 year and normally the last year as I think it would be the most representative of the current market.

THE Daily BreakOut is an expert advisor that can be profitable if used properly.

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THE Daily breakout

Mr Valentin Michel Draperi

THE DAILY BREAKOUT

The simple and efficient way.

HOW IT WORKS

SETTINGS