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Daily Range Breakout

5

Daily Range Breakout EA is a breakout strategy with buys when close of current bar is lowest in past N bars and price of next bar is greater than close of previous bar. Condition for sell trades are the opposite.

The idea is based on Larry Williams Smash Day strategy.

I trade this strategy live and it works in multiple markets. It works best in Daily timeframe.

Not Martingale/Grid Strategy. Real result with stop loss.

You can reproduce the result for Gold using the default parameters.

IMPORTANT! Contact me immediately after the purchase to get a bonus EA!

Send me a message on MQL5

Or Email me: funfunX a protonmail d com (replace X with the answer of (1+2+3+...+10)/55)


Trading Pairs EURUSD, US500, GOLD, Other
Timeframe Daily
Minimum Deposit 100 USD
Leverage 1:100 (Can be higher)
Broker Hedging Account


Instructions

Set Files


Input Value:

magicNumber - the number for the EA to recognize it’s own positions

lot - lot size

tradeLong - True/False whether the EA trades long positions

tradeShort  - True/False whether the EA trades short positions

useTakeProfit - True/False whether the EA uses take profit

useStopLoss True/False whether the EA uses stop loss

takeProfit - take profit value

stopLoss - stop loss value

useDefaultClose  True/False whether the EA uses default close condition. Default condition: close is profit greater than 0 and position is held for more than minPositionHoldDay

minPositionHoldDay - minPositionHoldDay for default close condition

lookBackPeriod - look back period of the breakout, larger the value, less trades will occur

useDiffThreshold - filter trades by taking trading only if the change in price is greater than diffThreshold. 

Change in price is calculated by (lookbackHigh - lookbackLow) * 100 / currentClose.

diffThreshold - change in price threshold value


Past performance does not guarantee future returns.

Forex and CFD trading involves significant risk to your invested capital.


Avis 2
acer56
116
acer56 2023.01.07 03:49 
 

Wonderful simple and effective ea for a fair price. With further functions like a trailing stop, time stop and a antisignal-function it would be perfect. The seller answers very fast and gives a free ea as a gift.

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Profalgo Limited
4.5 (10)
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Bogdan Ion Puscasu
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Guillaume Duportal
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Dark Algo MT5
Marco Solito
5 (40)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
Forex GOLD Investor MT5
Lachezar Krastev
4.88 (49)
SHOCK DEAL --> JUST RELEASED UPDATE + DISCOUNT + BONUS EA Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 2 trading systems . The first one is based on scalping trading strategy and the second system has time based dependency which opens up to 2 trades at a time. It has been tested rigorously to get the most successful results. You do not need to do any optimizations if you use the default settings
Scalper Deriv
Antonio Simon Del Vecchio
5 (9)
Présentation de Scalper Deriv : Élevez votre expérience de scalping. GRANDE OFFRE POUR UNE DURÉE LIMITÉE Maintenant $350, avant $400. Profitez-en dès maintenant ! Obtenez 1 EA gratuitement (pour 2 comptes de trading) -> contactez-moi après l'achat. Setfiles et plus   ici Êtes-vous parmi les traders qui trouvent leur passion dans le scalping et souhaitent maximiser leur capital ? Que votre solde soit de $20, $200, $2000, $20000 ou même $200000, nous avons la solution parfaite pour vous ! Nou
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acer56
116
acer56 2023.01.07 03:49 
 

Wonderful simple and effective ea for a fair price. With further functions like a trailing stop, time stop and a antisignal-function it would be perfect. The seller answers very fast and gives a free ea as a gift.

liko
20
liko 2023.01.01 16:12 
 

L'utilisateur n'a laissé aucun commentaire sur la note

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Version 1.11 2023.01.31
Fixed bug for closing each open position when running the EA in multiple symbols(multiple charts)

If there were only one open position previous version code was correct.