PZ Flexible Breakout EA MT5

3.5

Trade donchian breakouts with complete freedom. This EA can trade any breakout period, any timeframe, with pending or market orders- as desired- and implements many other useful features for the exigent trader, like customizable trading sessions and week days, a martingale mode and inverse martingale mode. 

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products | 👉 Get Help ]

  • Easy to use and supervise
  • Customizable trading direction
  • Customizable donchian breakout period
  • It can trade using pending or market orders
  • Customizable break-even, SL, TP and trailing-stop
  • Built-in money management
  • Works for ECN/Non-ECN brokers
  • Works for 2-3-4-5 digit symbols
  • Filter trading by forex sessions
  • Filter trading by week days
  • NFA/FIFO compliant (optional)

The EA implements four different trading behaviors:

  • Regular: The EA will buy at bullish breakouts and sell at bearish breakouts
  • Inverse: The EA will sell at bullish breakouts and buy at bearish breakouts
  • Only Buy: The EA will buy at bullish breakouts and disregard bearish ones
  • Only Sell: The EA will sell at bearish breakouts and disregard bullish ones

Additionally, the EA implements four money management modes:

  • Trade manual lotsize: The EA will trade a fixed lotsize on each trade
  • Auto-calculation of lotsizes: The EA will risk % of the account on each trade
  • Martingale: The EA will double the lotsize after a losing trade
  • Inverse Martingale: The EA will double the lotsize after a winning trade

Input Parameters

  • Trading Settings - Select trading direction, trading mode (market orders or pending orders) and the donchian breakout period in bars for the EA trade.
  • Position Management - This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in %, trailing-step in pips, stop-loss in pip and take-profit in pips.
  • Sessions Settings - Enable or disable trading for the Assian, European or American sessions.
  • Money Management - In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended.
  • EA Settings - You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.

What to expect

This EA is a general purpose tool which success depends on your understanding of the underlying strategy and your ability to configure it. This EA will not generate profits under all market conditions and does not claim to do so. It is up to you to find the best parameters for each symbol and timeframe using the strategy tester.


Author

Arturo Lopez Perez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Değerlendirmeler 4
Shipud16
149
Shipud16 2022.09.25 20:16 
 

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Thi Ngoc Tram Le
4.75 (4)
ANE — Gold Grid Expert Advisor ANE, M15 zaman diliminde XAUUSD (Altın) ticareti yapmak için tasarlanmış tamamen otomatik bir Expert Advisor’dır ve ızgara tabanlı ortalama alma stratejisi kullanır. Önemli: Gerçek hesapta kullanmadan önce, averaging sisteminin davranışını anlamak için lütfen EA’yı demo hesapta test edin. Canlı Sinyal ANE Resmi Kanalı Trading Stratejisi ANE pozisyonları tek bir grup olarak yönetir. Koşullar uygun olduğunda ortalama giriş fiyatını optimize etmek için ek işlemler aç
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Bogdan Ion Puscasu
4.86 (504)
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MQL TOOLS SL
3.94 (17)
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Ilies Zalegh
5 (10)
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5 (10)
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Leonid Arkhipov
4.87 (45)
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Bogdan Ion Puscasu
4.83 (120)
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Jimmy Peter Eriksson
4.44 (18)
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Andrii Soma
5 (2)
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Osloma Gold
Uttam Kumar Nandeibam
5 (3)
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Ho Tuan Thang
3.6 (47)
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Eusebiu Dascalu
5 (4)
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PZ TRADING SLU
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PZ TRADING SLU
4.51 (35)
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PZ TRADING SLU
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PZ TRADING SLU
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PZ TRADING SLU
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PZ TRADING SLU
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PZ TRADING SLU
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The Stretch is a Toby Crabel price pattern which represents the minimum average price movement/deviation from the open price during a period of time, and is used to calculate two breakout levels for every single trading day. It is calculated by taking the 10 period SMA of the absolute difference between the open and either the high or low, whichever difference is smaller. This value is used to calculate breakout thresholds for the current trading session, which are displayed in the indicator as
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Your swiss army knife to ancipate price reversals This indicator anticipates price reversals analyzing bullish and bearish pressure in the market. The buying pressure is the sum of all the accumulation bars over a certain number of days, multiplied by the volume. The selling pressure is the sum of all of the distribution over the same number of bars, multiplied by the volume. It gives you a measure of the buying pressure as a percentage of the total activity, which value should fluctuate from 0
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PZ TRADING SLU
4.67 (3)
This expert advisors trades donchian breakouts according to Bill Williams's definition of "Trading in the Zone". It uses alligator to find strong trends, AC and AO to identify trading zones and MACD to avoid trading exhausted trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] Easy to use and supervise Fully configurable indicator settings Customizable break-even, stop-loss, take-profit and trailing-stop settings Works for ECN/Non-ECN brokers and
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PZ Three Drives
PZ TRADING SLU
5 (2)
This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products  |  Get Help ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It impl
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[Silindi] 2024.05.19 03:52 
 

Kullanıcı değerlendirmeye herhangi bir yorum bırakmadı

Glyn Robert Williams
329
Glyn Robert Williams 2023.01.31 18:59 
 

very well made EA - would have a 5 star rating if not for the apparent absence of a hard stop loss when using market orders. this makes using market orders an impossibe choice - pending orders works fine though.

Shipud16
149
Shipud16 2022.09.25 20:16 
 

Recomendo

Marcel Bühler
1500
Marcel Bühler 2021.03.06 18:26 
 

Also this EA need longer optimisation.

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