Stogla Straddle Breakout
- Experts
- Version: 3.0
- Activations: 5
Stogla Straddle Breakout is an automated Expert Advisor designed to capture sharp price movements and breakouts. By placing dual pending orders (Buy Stop and Sell Stop) around the current price, it captures rapid directional moves during high volatility without needing to predict market direction in advance.
Key Features:
- Automated Straddle Strategy: Automatically places Buy Stop and Sell Stop orders at predefined distance intervals.
- Advanced Trailing Stop: Includes trailing stop functionality to lock in profits as price moves in your favor.
- Dynamic Order Expiration: Automatically cancels unreached pending orders to avoid stale positions.
- Flexible Spread Filter: Prevents order placement during periods of abnormal spread expansion.
- Full Risk Management: Customizable fixed lot size or dynamic risk percentage per trade.
Input Parameters:
- DistancePips: Distance in pips from the current price for placing pending orders.
- TakeProfitPips: Take profit level in pips for each order.
- StopLossPips: Stop loss level in pips for each order.
- TrailingStopPips: Trailing stop distance in pips to secure floating profits.
- MaxSpreadPips: Maximum allowed spread in pips before order placement is blocked.
- OrderExpirationMinutes: Expiration time in minutes for pending orders.
- LotSize: Lot size for trading operations.
Recommended Settings:
- Timeframe: M1, M5, or M15.
- Preferred Assets: Major Forex pairs, Gold (XAUUSD), and Volatile Indices.
- Execution: Recommended to run on a Low Spread / ECN account with a VPS for low-latency execution.
