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London SE BreakOut EA

This EA is based on statistical observations how a price moves after American, European or Asian stock exchanges are open.
You can fine-tune this EA according to your favorite FX pair, its daily price range, your risk tolerance and signal sensitivity.

How it works:
The EA is taking Hi-Lo price levels (ATR) from time range set buy a trader and watches for breakout of one of the level during the trading hours. If level is broken and other conditions are met, it places an order to open a long or short position according to the trend. Lot size is calculated based on risk tolerance and stop loss distance set by a trader. False breakouts can be filtered out with 3 moving averages (Red-Slow, Yellow-Middle, Green-Fast on the chart) to confirm the trend. If the price has not hit PL or SL then the positions will be closed by EA at a time set by a trader.

Suggestions:

  • Do not use this EA with other EAs on the same account!
  • Bigger risk requires bigger leverage


Additional options:

  • Hedge the position after loosing trade. Try to recover on trend reversal.
  • Set Middle Price to breakout instead of one of the levels
  • Stop trading if target balance is reached (Lowest and highest).
  • Choose to place Market or Limit Orders
  • Choose to use Price Action or Candle closing event.
  • Narrow slippage range to bypass high volatility in market.
  • Use automatic SL shift to set your trending position to be break-even or to fix a small profit.

Pay attention:

  • Use format HH:MM-HH:MM for time range variables (extra characters or spaces may lead to incorrect time recognition)
  • Use HH:MM for closing time

    Default Settings are recommended to use with GBPJPY pair and based on London Stock Exchange session time and GBPJPY daily price range. The parameters have been used on live trading accounts since January 2023.

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    X Code G
    Shintaseftiana
    4.18 (17)
    Experts
    ONLY 1 COPIES LEFT AT CURRENT PRICE! , NEXT PRICE  1199 USD,    SO COME ON HURRY UP !! Introducing eXecute-Code (X-CODE) EA - the ultimate Expert Advisor that's out of this world!, X-Code G EA base on Algorithm Levels of Trading.  Live Signal M5     |   Live Signal M1  |     Channel     |    MySetfile_1.5 I design X-Code G EA for XAUUSD/GOLD pair Why should you choose and use X-CODE EA in Trading? X-CODE EA will give you a pleasant trading experience because in X-CODE EA reliable algorit
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    Mansour Babasafary
    4.49 (39)
    Experts
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    CyberVision EA
    Eduard Nagayev
    3.59 (27)
    Experts
    CyberVision EA is a technology I developed during my undergraduate studies. CyberVision EA is not just an advisor, it is a high-speed computing machine that can generate historical data. CyberVision EA is not just an EA, it is a high-speed computing machine that works with recurrent neural network (RNN) and generative adversarial network (GAN), and my EA also uses data quantization. Live Signal High:  https://www.mql5.com/ru/signals/2221931 Live Signal:  https://www.mql5.com/en/signals/2218278 C
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    Anton Kondratev
    3.67 (3)
    Experts
    DOW KING EA   C'est   un       Système accessible entièrement automatique   avec tous les paramètres d’optimisation ouverts et un   mécanisme de récupération. Only 6 Copies of 10 Left  for 445 $ Next Price 999 $   GUIDE DOW King Signaux Remboursement du courtier à commission Mises à jour Mon blog Not        Grid       , Not        Martingale       , Not         AI         , Not         Neural Network. Default Settings for One chart        US30 M15 Chaque poste a toujours un       SL et TP fi
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    Dilwyn Tng
    Experts
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    Thi Thu Ha Hoang
    4.65 (23)
    Experts
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    Gold Excel MT5
    Gregory Hay
    4.63 (16)
    Experts
    Bienvenue à       Version GoldExcel EA MT5   , trading valide pour la paire de devises XAUUSD (GOLD) du jour. Il a été conçu par notre équipe pour gérer les comptes réguliers, les comptes sponsorisés et les tâches. N'utilisez pas le trading à haute fréquence. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Le prix initial augmente toutes les quelques semaines. Trading PERFORMANCE Accounts (over 6+ months verified live trading) on 2 brokers Live $1K Start Now $19.5
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    Marco Solito
    5 (41)
    Experts
    Last copy at 399$ -> 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
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