Breakout ea

Trading Parameters and Configurations

Time Frame and Session Settings:

• The trading session is set for a X - minute window between  X hours to X hours.

Trade Limits and Execution:

• A maximum of 3 trades per day is allowed, with the flexibility to adjust the number of trades as needed.

• Take Profit (TP) can be configured based on Risk-to-Reward (R:R) ratio or by transitioning from one session to the next. Traders also have the option to close active trades when a new session begins.

• Option to set a breakeven point after achieving a specified R:R threshold.

Indicators and Confluence:

• Option to enable Moving Average (MA) confluence to align trades with trend direction.

Stop Loss (SL) Settings:

• SL can be placed at the complete low/high of the range, mid-range, or a custom position based on preference.

• Additional pips can be added to the SL to account for spread adjustments.

Lot Sizing:

• Lot size can be determined by:

  • A fixed percentage of the account balance.

  • A fixed monetary amount.

  • A predefined fixed lot size.

Trade Entry Conditions:

• A trade will be executed only after a candle closes outside the defined range.

• I should be able to customize the range hours

• A option to define a specific number of losses before a trade is taken. 

  • Example: If the threshold is set to 4 losses, the system will only consider the fifth trade as the first valid entry after these losses.