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Three Bar Break EA

DESCRIPTION

3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars.


Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm

This EA should work on any market and any timeframe though is optimised for EURUSD 5m timeframe.


FEATURES

  • A purely mechanical system. Simply set and leave.
  • Risks are small per trade.  
  • An optional automatic lot adjustment feature that adjusts lot size to the account balance. Or to use a fixed lot size.
  • Features a panel showing, bid, ask, spread, lot size balance, equity, profit/loss, stop level and broker execution speed. 
  • To find broker execution speed we press button Execution Reading.


SETTINGS

SECTION_A   

  • Magic Number - A unique value to this EA so that if used alongside other EA's within MT4 it can differentiate between all orders placed and only adjust orders placed by this EA.
  • Slippage - If trade is opened and its past the expected price of trade by x points as specified here then the trade will not be opened.  


SECTION_B

  • Lot Size - Adjusts the size of trade exposure we have. EG 0.01 on the EURUSD will mean every micro incremental point move will equal 1 pence. 


SECTION_C

  • Maximum Spread - Allows only trades when market is less than or equal to the spread as input by user.


SECTION_D

  • Stop Loss - Sets the size of stop loss from opening order price in points.
  • Take Profit - Sets the size of take profit from opening order price in points.
  • Trailing Stop  -  Sets the size of our trailing stop in points.
  • Minimum Profit To Trailing Stop - Sets the size of profit in points that is required before we activate out trailing stop.
  • Close Opposite Order - Closes opposite pending order. EG If our sellstop is opened it closes the buystop


SECTION_E

  • Pending Buy - Sets the distance in points we place our buystop order from the nearest part of triangle.
  • Pending Sell - Sets the distance in points we place our sellstop order from the nearest part of triangle.
  • Bar Count - Sets the amount of bars we count before deleting our pending order.


SECTION_F

  • Money Management - True means we will adjust lot size as a percentage of our trade capital. As set in Percentage Risked Per Trade. False means we will use fixed lot specified under Lot Size above.
  • Risk Percentage - Percentage we risk per trade. EG 2 = 2% of our total trade capital will be risked per trade. This we be calculated using both stop loss and account size.


SECTION_G

  • Start Hour - On and after this hour the EA will start trading.  
  • End Hour - On and after this hour the EA will stop trading. 


SECTION_H

  • Lines On or Off - Sets if we want lines to appear on chart outlining the triangle pattern.
  • Line Color - Sets which color we want the lines.
  • Line Size - Sets the thickness of lines.


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Wim Schrynemakers
!! RED HAWK - LAUNCH PROMO !! ONLY 4/10 COPIES AVAILABLE AT 149$ NEXT PRICE -> 199$ Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market. It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD. Recommended timeframe: M5 Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker. My recommended broker for this strategy :  https://www.icmarkets.com/?camp=4
149 USD
GoldenBot
SERGEI RIEBIN
LAUNCH PROMO: ONLY 7 COPIES OUT OF 10 LEFT AT $299! Next price:        $349 GoldenBot is a diversified portfolio of various systems trading gold. Most gold trading systems you encounter are either pure trend ones or counter-trend ones. So they are only good at certain market phases. GoldenBot includes a number of trend and counter-trend systems making it to perform good during any market phase. System effectiveness is proven by live results (see below at Telegram channel). Monitoring :  https:/
299 USD
Turtle Scalper Pro
Michela Russo
Turtle Scalper Pro is a trading robot  for the trading on forex. This is a mix of Trend Following and Counter Trend system.   Backtest Now! This Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Wasp Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by   mql5 message   o
199 USD
Panther Trader Pro
Michela Russo
Panther Trader Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades mainly during Asian Session. The EA has been subjected to  stress tests  for a period of  17 years  and  passes every year  with a very advantageous profit/drawdown ratio. Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Fox Trader Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 message or
199 USD
Stenvall Invest
Gennady Sergienko
default settings:           EURUSD M5   (or you can set the sets that are used on ICM signals from here -   set standart.set ) email:                   lleonea.com@gmail.com telegram for pm:  @leontolstoy Does not use dangerous strategies such as martingale or grid. Orders are protected by a real stop loss. No deceptive strategies such as breakout, impulse or rollover trading. You don't need a VPS or a low spread or anything like that, just a market execution with a hold of 1-4 hours and an a
799 USD
Friday Monday
Konstantin Kulikov
ONLY 17/20 COPIES AVAILABLE AT 280$ NEXT PRICE -> 380$ This EA trades a weekly gap, opening trades on the Friday before the market close and closing trades on Monday morning. I have been using this strategy for a long time with my "Breakthrough Strategy" EA. I intentionally did not over-optimize the sets for "Breakthrough Strategy", as they have been showing good results for a long time on a real account:   https://www.mql5.com/en/signals/395124   . Therefore, as an alternative or addition to t
280 USD
Trend Line GRID mt4
Evgenii Aksenov
⭐   ⭐   ⭐   ⭐   ⭐  LAST WEEK PROMO PRICE!!! 🏃   🏃   🏃 This is a grid EA based on the signals of the   Trend Line PRO   indicator:   https://www.mql5.com/en/market/product/42399 The Manual information: here 📢 Telegram channel " Profit every day "   https://t.me/ INFINITY_PRO_ED    🚩 Live signals here:  https://www.mql5.com/en/users/neurofx/seller  🔥🔥🔥 Promo "Buy one Get one free ►   https://www.mql5.com/en/blogs/post/740436 Trend Line GRID EA   trade the first order based on the indica
98 USD
ATS Advisor
Ivan Bebikov
The MT5 version of the expert Advisor is here -  https://www.mql5.com/en/market/product/54481 (In MT5 and MT4 versions, there may be slight differences due to the implementation of the code on MT5) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Fully automatic adviser, with a system for recovering from losses. The strategy is based on the breakdown of signific
399 USD
ProFx MT4
Sergej Maehler
FxPro Expert Advisor  is a fully automated forex trading robot designed to work on the most traded currency pair EURUSD. The strategy based on breaking through price levels and does not uses lagging indicators, each entry point is calculated using an advanced input filter based on the analysis of the movement of the price chart. Each order is secured by a fixed stop-loss while profits are carried out using a dynamic stepwise algorithm to capture the maximum profit. Live Monitoring, EURUSD H1, D
499 USD
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