Hi Lo Breakout MT5 Free
- A purely mechanical system. Simply set and leave.
- No martingale.
- Risks are small per trade.
- An optional automatic lot adjustment feature that adjusts lot size to account balance. Or to use a fixed lot size.
MAGIC NUMBER & SLIPPAGE
- Magic Number - A unique value to this EA so that if used alongside other EA's within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
- Slippage - If trade is openned and its past the expected price of trade by x points as specified here then the trade will not be opened.
- Lot Size - Adjusts the size of trade exposure we have. EG 0.01 on the EURUSD will mean every micro incremental point move will equal 1 pence. A move from 1.08659 to 1.08660 equals a 0.00001 move, which is 1 pence.
MAXIMUM SPREAD SIZE
- Maximum Spread - Allows only trades when market is less than or equal to the spread as input by user.
- Stop Loss - Sets the size of stop loss from opening order price in points.
- Take Profit - Sets the size of take profit from opening order price in points.
- Trailing Stop - Sets the size of our trailing stop in points.
- Minimum Profit To Trailing Stop - Sets the size of profit in points that is required before we activate out trailing stop.
- Minimum Profit To Break Even - Sets how much profit we gain before stop is moved to break even level. If set to 0 then breakeven isnt activated.
- Minimum Profit To Lock In At Breakeven - Sets how much profit we lock in for if we want to secure some profit when breakeven profit goal is met.
START & END HOUR
- Start Hour - Sets the starting hour we allow our EA to look for trades.
- End Hour - Sets when we want to stop our EA looking for trades.