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BreakOutScalperEA

30 000 USD

Demo downloaded: 737

Published: 8 May 2022

Current version: 1.2

BreakOutScalperEA

Item: BreakOutScalperEA
Rating: 5
Author: Huan Guo Li

Experts
Ivan Kochubeev
Version: 1.2
Updated: 25 June 2022
Activations: 10

BreakOutScalperEA is a very effective breakout scalper. The Expert Advisor is long-term, and shows good results over a long period. Entry points are determined based on the ZigZag indicator, filtering out lower-quality points. Deals support is provided by trailing stop, depending on the situation, based on the built-in filters, it can be activated immediately after entering the transaction or wait for a some profit.

Recommended pair: EURUSD;

The results from real trading here - LiveSignal.

Settings Guide here.

Main Features:

Fast scalping trades (the average time to hold a position is 0-30 minutes)
Built-in filters to reduce inefficient entry points
Rare, but fairly accurate inputs
The Expert Advisor trades between 9:00 - 20:00(GMT +2)
The EA always uses a small stop loss (calculated automatically based on volatility)
This Expert Advisor does not use risky trading methods such as martingale, grid, etc..

How to test the Expert Advisor:

Run the test on EURUSD M30, in the parameters, set the risk as you want , GMT Offset (on the main popular brokers, it is always +2 (without DST), if you are not sure, contact me in PM) , and select a high quality testing (Every tick based on real ticks).

How to set up an Expert Advisor for real trading:

Open a EURUSD M30 chart.
Attach the EA to the chart.
Set the lotsize to your desired risk.
BreakOutScalperEA requires a decent ECN broker. For recommendation, contact me in PM.

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Huan Guo Li 2022.06.03 18:44 #

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bergen288 2022.05.17 21:24 #

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Reply from developer Ivan Kochubeev 2022.06.25 11:23 #

I have added the features you requested, if there are any errors or I misunderstood you, please let me know. In addition, sometimes large losses are part of the strategy and I don't see any point in reducing them, since the strategy itself suffers. But you can of course test the functions that you asked for. But I don't see much sense in them.

Version 1.2 2022.06.25

- added additional input parameters;
- added a filter for unprofitable positions, I recommend testing before using, because the function has not been tested on a real account, please inform me about possible errors.

Version 1.1 2022.05.31

added additional input parameters:

-ATR Filter
-Stop Loss Mode
-Stop Loss
-disabling trading by day of the week
-setting up trading hours

Description quality and completeness
Reliability and usability
User support