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Open Market Breakout Pro

Expert Advisor: OpenMarketBreakout

Preferred Timeframe: H1. This is not hardcoded, try out your own strategy.

General Description: The OpenMarketBreakout Expert Advisor is a powerful tool designed to capitalize on market breakouts during specific timeframes. This EA employs a sophisticated algorithm to identify opportune moments for initiating trades, focusing on breakouts from local high and low points. By harnessing this strategy, traders can potentially capture significant market movements and optimize their trading performance.

Disclaimer: It's important for traders to use strategies that include both winning and losing trades, rather than chasing after unrealistic promises of huge profits. No strategy can guarantee constant success, so it's crucial to manage risks wisely. In essence, success in trading isn't about chasing mythical "holy grails" but about using robust strategies like OpenMarketBreakout that focus on sustainable growth and prudent risk management. With this expert advisor, traders can approach the markets with clarity, knowing that their trading decisions are grounded in a strategy designed for long-term success.

About the autor: Lorenzo Mancuso is a seasoned professional in computer science, specializing in artificial intelligence and engineering. With a master's degree in computer science and over a decade of experience, he has played pivotal roles in leading fintech companies in Europe. His expertise lies in designing and implementing robust and scalable software. Leveraging his skills, this EA offers traders a reliable tool backed by years of industry experience and innovation. Traders can trust in the reliability and effectiveness of this expert advisor for navigating the financial markets with confidence.

Key Features:

  • Breakout Strategy: The EA specializes in identifying breakout opportunities, leveraging market dynamics to enter trades at optimal moments.
  • Customizable Parameters: Users have the flexibility to tailor the EA to their preferences through adjustable parameters, including stop loss, take profit, trailing stop, and more.
  • Automatic and Fixed Lot Sizing: Choose between automatic lot sizing based on account balance or fixed lot sizes for precise risk management.
  • Intelligent Order Management: The EA intelligently manages orders, including the option to close opposite pending orders and apply trailing stop functionality.
  • Time-Based Execution: Trades are executed at specific time intervals, allowing traders to align their strategies with market openings and closings.

Parameters:

  1. Profit Settings:

    • Stop Loss: Set the desired stop loss level for trades (in points. 30 pips = 300). If set to 0, the EA will automatically set the value to the local peak.
    • Take Profit: Determine the take profit target for maximizing gains (in points. 30 pips = 300). If set to 0, the EA will automatically use the Profit Factor parameter.
    • Trailing Stop: Enable trailing stop functionality to secure profits while allowing for potential further gains (in points. 30 pips = 300). If set to 0, the EA will automatically use the Profit Factor parameter.
    • Profit Mode: Choose between fixed profit targets or dynamic trailing stop strategies.
    • Profit Factor: Useful to setup automatically the profit settings.
    • Price Mode: Select the reference price for pending order entry. Can be the current market price (Ask/Bid) or the Local Peak.
    • Bars Buffer: Define the range of bars used to identify local high and low points (Local Peaks).
    • Margin: Specify the additional distance from entry price to set orders. This could be useful to protect you from false signals

  2. Trade Settings:

    • Max Trades: Limit the maximum number of concurrent trades for the given symbol (both pending and open).
    • Expiration Hours: Set the duration (in hours) for pending orders before expiration.
    • Lot Mode: Choose between automatic lot sizing or fixed lot sizes.
    • Amount Per Lot: Determine the account balance multiplier for automatic lot sizing. Eg: amountPerLot=100, balance=1000, lotSize=1000/100*0,01 = 0,1
    • Lot: Set fixed lot size if applicable.
    • Close Opposite: Enable/disable the closure of opposite pending orders when one is triggered.

  3. Algorithm Settings:

    • Open UTC Hour: Define the hour for initiating trades.
    • Order Close UTC Hour: Set the hour for closing orders.
    • Magic Number: Assign a unique identifier for tracking EA transactions in MT4.

Setup: To utilize the OpenMarketBreakout EA, simply attach it to your MetaTrader 4 chart and configure the desired parameters according to your trading preferences. Once set up, the EA will automatically execute trades based on the specified parameters and market conditions.

Backtesting: Prior to live trading, it is recommended to conduct thorough backtesting to evaluate the performance of the EA under various market conditions. Backtesting allows traders to assess the effectiveness of the strategy and fine-tune parameters for optimal results.


Experience the power of market breakouts with the OpenMarketBreakout Expert Advisor and unlock new opportunities for trading success.

For further inquiries or assistance, feel free to reach out to the developer.

Copyright 2024, Lorenzo Mancuso & Armerina Investment. All rights reserved.


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TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
US30 Scalper EA MT4
Lo Thi Mai Loan
5 (4)
Launch promo! Only a few copies left at 499$! Next price: 599$ Final price: 999$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:  https://www.mql5.com/en/market/product/107337?source=Site+Market+Product+Page For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news US30 Scalper EA è un robot di scalping di nuo
Oracle MT4
Stanislav Tomilov
4.1 (10)
Oracle Trading Expert the Quintessence of Modern Programming Technologies Expert Oracle for MetaTrader, trading on GBPUSD and Gold, represents the quintessence of modern programming technologies. Our unique proprietary methods and developments are based on advanced machine learning concepts, making our trading expert truly one-of-a-kind. We offer cutting-edge modules and neural architecture that embody innovative advancements in financial programming. Our algorithms rely on in-depth data analysi
Aura Black Edition
Stanislav Tomilov
4.76 (17)
Aura Black Edition is a fully automated EA designed to trade GOLD only. Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money management used, no martingale, no grid or scalp. Suitable for any broker conditions. EA trained with a multilayer perceptron Neural Network (MLP) is a class of feedforward artificial neural network (ANN). The term MLP is used ambiguously, sometimes loosely to any feedforward ANN, sometimes strictly to refer to networks composed of mult
Golden Pickaxe
Valeriia Mishchenko
4.67 (6)
EA has high-performance live track records of different set files: XAU Risky Vol XAU Balanced Vol XAU Balanced MT5 version can be found here Golden Pickaxe is a mean-reversion grid trading system that uses machine learning technology to place high-profit potential trades on the Gold market. It uses real market inefficiencies to its advantage to have an edge over the market. The EA has 5 predefined set files, which are essentially 5 different trading systems on gold . You may choose the def
Greezly Bot Pro
Ivan Maruschak
1. Consulente di trading automatizzato 2. I migliori risultati sulla coppia EURUSD, ma puoi anche regolare le impostazioni per qualsiasi altro strumento, 3.Utilizzare un lasso di tempo da m1 a m15. 4. L'Expert Advisor negozia utilizzando il metodo della media, aumentando il volume in modo fluido e sicuro! 5. Per dirigere il commercio, l'EA utilizza l'analisi delle candele. 6. L'opzione più sicura, usa 0,01 lotti per ogni $ 1500-2000 7. Per ridurre i rischi, ti consiglio di modificare il pas
XG Gold Robot MT4
Marzena Maria Szmit
4.39 (23)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Supply Demand EA ProBot
Georgios Kalomoiropoulos
Un consulente completamente automatizzato basato sui principi della domanda e dell'offerta . Per la prima volta offriamo consulenti di domanda e offerta completamente automatizzati . Il trading è diventato più semplice e ora hai il pieno controllo sulla tua strategia di trading. Utilizza un comodo pannello di controllo grafico. Ottieni un software di trading algoritmico di altissima qualità con oltre 15.000 righe di codice. Guida alla domanda e all'offerta di EA Probot Il modo migliore per c
SouthEast
Sugianto
5 (13)
SouthEast is an expert advisor developed from my experience in manual trading that has been automated. SouthEast is specifically designed to generate maximum profits with small deposits by prioritizing the security of your funds. Why SouthEast? SouthEast does not require complicated settings and is easy to use because user only need to upload a set file that is already available. Currently there are set files for 20 fx pairs. The best GRID EA with the ability to control risks. I will share
Quantum Algo Trading MT4
Lo Thi Mai Loan
5 (4)
Il prezzo attuale è il prezzo promozionale e aumenterà presto. Il prezzo finale per il prodotto è: $9933. Ci sono solo poche copie rimaste al prezzo attuale, il prossimo prezzo sarà di $653. Controlla i risultati live qui: Segnale personale da $50K:   [Clicca Qui] Segnale live personale:   [Clicca Qui] Segnale live da prop firm:   [Clicca Qui] Versione MT5 disponibile qui:   [Clicca Qui] Benvenuto nel   Quantum Algo Trading MT4 EA . Questo EA è progettato per essere più di un sistema meccan
Stability Pro MT4
Profalgo Limited
PROMOZIONE LANCIO: SOLO 34 9 $ invece di 990$! Sono rimaste solo poche copie a questo prezzo promozionale! Assicurati di dare un'occhiata al nostro "   Pacchetto combinato EA definitivo   " nel nostro   blog promozionale   !   JOIN PUBLIC GROUP:   Click here Risultati in tempo reale a basso rischio Risultati dal vivo ad alto rischio Benvenuti in STABILITY PRO   : uno dei sistemi di rete più avanzati, stabili e a basso rischio sul mercato! Questo EA è stato sottoposto a stress test sull'in
Altri dall’autore
Golden Ace
Lorenzo Mancuso
Expert Advisor : Golden Ace Timeframe: H1. General Description: GoldenAce is an Expert Advisor (EA) that optimize support and resitances breakout trading strategies for the XAUUSD pair. Employing innovative trailing stop mechanisms and tailored trade settings, GoldenAce capitalizes on market dynamics while minimizing risks. GoldenAce represents a sophisticated yet accessible tool for traders seeking consistent returns in the dynamic world of Gold trading. Key Features: Dynamic Trailing St
Blade Runner
Lorenzo Mancuso
Expert Advisor: BladeRunner Preferred Timeframe : D1. This is not hardcoded, try out your own strategy. General Description : The Blade Runner strategy in forex trading aims to identify and capitalize on potential price reversals by utilizing exponential moving averages (EMAs). Named after the iconic sci-fi film, this strategy involves monitoring multiple EMAs to gauge market momentum and direction. When certain conditions are met, such as the price interacting from above or below specific
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Versione 1.2 2024.04.19
Improve accuracy in closing orders
Versione 1.1 2024.04.18
Improve trailing stop function