THE Daily breakout

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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Capybara EA is an advanced automated trend following system based on the Hama indicator.  If the market turns bearish and the indicator turns red the EA will sell, if the market turns bullish and the indicator turns blue the EA will buy.  The EA can accurately detect the beginning of uptrends and downtrends and will control open trades in a martingale/grid style until it hits TP.   Recommended pairs:  All major pairs like eurusd; audusd; gbpusd; nzdusd and also minor pairs like audcad; nzdcad;
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