Breakout Master EA

"The Breakout Master EA is a semi-automatic expert advisor. In semi-automatic mode, you only need to draw support and resistance lines or trendlines, and then the EA handles the trading. You can use this EA for every market and timeframe. However, backtesting is not available in semi-automatic mode.

The EA has an option to specify how many trades to open when a breakout occurs. It opens all trades with stop loss and target orders. There is also an optional input for a breakeven function, which helps secure profits. You can set the stop loss as the order open price, or you can only open the order and use the Parabolic indicator as a trailing stop.

How does it work?

The EA looks for trendlines or horizontal lines on the chart. When the price crosses above the resistance line, a buy order is opened. When the price crosses below the support line, a sell order is opened. Similarly, when the price crosses above the upper trendline, a buy order is opened, and when it crosses below the lower trendline, a sell order is opened.

Notes:

• You can use any indicator to create objects on the chart, such as support/resistance levels and trendlines. If only one trendline is found, it is identified as both the upper and lower trendline. Remove any unnecessary trendlines and horizontal lines to prevent the EA from executing trades based on outdated lines.
• Ensure you use two lines, either support and resistance or upper and lower trendlines, for opening trades perfectly."
• PSAR trailing stop is also supported for all open orders, including manual orders.

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