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Previous Day Breakout MT4

Strategy Overview

The Previous Day Breakout EA attempts to take advantage of price movements when the price exceeds the high or low price from the previous trading day. The EA opens a position in the direction of the breakout with the hope that the price will keep moving in the same direction, and that this will occur often enough to be profitable over the long term.


Quick Testing:

Use Symbol US500, Timeframe: Daily, and adjust set the start time and end time according to broker timezone (default settings are for GMT+1).


Settings

  • Symbol: Has been tested with US500. Users may attempt to use any market at their own risk
  • Timeframe: Daily
  • Magic Number: Unique identifier for positions opened by the EA
  • Lot Size: Lot size to use for positions opened
  • Open Long: Set to true if you want the EA to open long positions when the previous day high is exceeded
  • Open Short: As above for short positions
  • Long Points Offset: Offset the number of points past the previous day high before the EA opens a position. Can be increased to reduce the possibility of falling foul of a fakeout, or decreased to avoid missing the breakout momentum
  • Short Points Offset: As above but for short positions
  • TP Mode Points: Set to true to use a fixed number of points for the stop loss and take profit
  • SL Points: Number of points to use for the Stop Loss if using Points Mode
  • TP points Number of points to use for the Take Profit if using Points Mode
  • TP Mode ATR: Set to true to use an ATR multiplier to set the SL and TP, to dynamically change the SL and TP according to recent volatility. ATR will be based on the timeframe selected, which is expected to be Daily
  • SL ATR Multiplier: The ATR multiplier to calculate SL if using ATR Mode
  • TP ATR Multiplier: The ATR multiplier to calculate TP if using ATR Mode
  • Trading Hours Filter: Set to true to restrict trading to certain hours of the day. May be used to ensure there is enough expected liquidity for the strategy to be successful. If using this then the start time and end time must be set according to broker timezone.
  • Start Time Hour: The hour to begin trading if using the trading hours filter
  • End Time Hour: The hour to cease trading if using the trading hours filter
  • Skip if breakout missed: Set to true if you want to skip trading for the current day when the previous days high/low was already breached while the EA was not trading
  • Deviation in Points: The number of points deviation to allow when opening a position


Expected Performance

Back testing shows a positive expectancy over the test period, however short term results are volatile and sharpe ratio is low. The EA is not suitable for anyone who expects to see constant positive results over short time periods. The default settings use a risk reward ratio of 10:1, which will produce a lot of losing trades but a favourable average win/loss amount. The EA has not been through optimisation, therefore curve fitting should not be a concern, however future results are always unpredictable.

Exact performance in back testing and live trading may differ between users. This can be affected by: differences in broker pricing, spread, commission, timezone (may have an effect on Daily candles). Users should always perform their own due diligence before putting their own money at risk.


The back testing shown in the product screenshots is from Metatrader 5.


Support

If a bug is found please send a private message. Support is only available in English.


Important Information

This EA is offered based on the following points. If you do not agree with any of these then please do not buy the EA.

  1. You have fully read the EA description
  2. You understand the strategy as described and have had the chance to ask questions and evaluate the EA using the strategy tester
  3. It is your responsibility to decide what strategies to use when putting your own money at risk, and the EA is just a tool to help execute your chosen strategy
  4. Trading is a high risk activity and many people make a loss while trading
  5. The default settings are not trading recommendations, you will take the time to understand the settings and change them as you see fit
  6. Past performance is not a guarantee of future performance and future results are unpredictable
  7. EA trading is not an easy way to get rich while you sleep. It takes effort and an understanding of trading strategies to be successful



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Aleksandr Chebotaev
5 (1)
Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
Quantum Emperor MT4
Bogdan Ion Puscasu
4.92 (131)
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Babak Alamdar
4.29 (14)
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AW Trading Software Limited
4.3 (70)
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Chen Jia Qi
5 (13)
Introducing our MT5 EA: Designed with advanced algorithms and utilizing deep learning technology, our Expert Advisor (EA) is crafted to assist you in the intricate world of forex trading. The system analyzes market behaviors and conducts transactions based on specific criteria, empowering you to engage with market trends more effectively. With the backing of nearly a decade of data, the EA employs deep learning to examine past market conditions, aiming to provide enhanced decision-making. Recom
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Denis Kurnev
5 (1)
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Profalgo Limited
5 (6)
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Marzena Maria Szmit
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Ho Tuan Thang
4 (4)
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Stanislav Tomilov
4.4 (5)
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4.76 (17)
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4.1 (10)
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Mansour Babasafary
5 (3)
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Stanislav Tomilov
4.67 (12)
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Diamond Titan FX MT4
Lo Thi Mai Loan
5 (2)
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Thi Thu Ha Hoang
5 (12)
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Marco Solito
4.78 (59)
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Mansour Babasafary
5 (2)
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Alexander Kozachuk
4.75 (12)
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Soraya Bahlekeh
5 (7)
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lizhi fu
4.8 (54)
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Profalgo Limited
5 (2)
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Supply Demand EA ProBot
Georgios Kalomoiropoulos
수요와 공급의 원칙에 기반한 완전 자동화된 조언자입니다 . 처음으로 우리는 완전히 자동화된 공급 및 수요 조언자를 제공합니다 . 거래가 쉬워졌으며 이제 거래 전략을 완벽하게 제어할 수 있습니다. 편리한 그래픽 제어판을 사용합니다. 15,000줄 이상의 코드가 포함된 매우 높은 품질의 알고리즘 거래 소프트웨어를 얻을 수 있습니다. EA 프로봇 공급 및 수요 가이드 Prop Firms를 거래하는 가장 좋은 방법은 자격을 갖춘 거래자가 되기 위한 모든 단계에 도전합니다. 모든 거래는 자동으로 이루어지고 관리됩니다. 항목을 선택하고 긴장을 풀면서 상금이 커지는 것을 지켜보세요. 패널 입력 매개변수: 거래 방향 선택(매수 또는 매도) 거래하려는 기간을 선택하세요. 서비스하려는 구역 유형 (넓음, 중간, 좁음, 매우 좁음)을 선택하십시오. 세 가지 자금 관리 옵션 중에서 선택하세요 일련의 승리 또는 손실 거래 후에 그만 두는 고문을 선택하십시오 . 위험 또는 ATR을
Scalp Bot EURUSD
Abu Talha Md Mahi Uddin
Best EuroUsd EA in the market...101$ to 1040$ in 12 months ....with 21% drawdown.. For Last 1 year real time performance :  Click here PUBLIC GROUP CHAT : Click Here After purchase to get free one contact me direct message.   EA Strategy Take scalp Positions in Higher Time Frame Trend with safe Pips Distance/ Major Pair EurUsd Then you can also use :AudUsd/GbpUsd/NzdUsd Major & Safe TF is H1 / Minor & Aggressive TF is M1 Minimum Deposit is 100$ / Secured Deposit is 300$ For each 300$ you can
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Previous Day Breakout MT5
Dansie Software Limited
Strategy Overview The Previous Day Breakout EA attempts to take advantage of price movements when the price exceeds the high or low price from the previous trading day. The EA opens a position in the direction of the breakout with the hope that the price will keep moving in the same direction, and that this will occur often enough to be profitable over the long term. Quick Testing: Use Symbol US500, Timeframe: Daily, and adjust set the start time and end time according to broker timezone   (de
Ignition
Dansie Software Limited
Strategy Overview The Ignition EA tries to take advantage of sudden momentum when the Ignition pattern is detected. The final bar in the ignition pattern has a small opening wick, a very little or no closing wick, is large in comparison to recent bars and must start from the lower end of the current range (for a bullish ignition) Quick Testing Use Symbol EURUSD, Timeframe M2, and remove the GBPUSD symbol from the "Symbols" input (stratergy 1 and stratergy 2) Settings The below settings
필터:
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리뷰 답변
버전 1.2 2021.04.26
Bug fixes