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Stephen Reynolds
Stephen Reynolds
The Hi Lo Breakout is taken from the concept of the ZZ Scalper EA which exploits the inevitable behaviour of price fluctuations that create highs and lowsto which price eventually breaks out of.

The Hi Lo Breakout will wait till these highs and lows are in a tight range than alert you when a breakout occurs which can lead to some good profits
For more info see here https://www.mql5.com/en/market/product/33147
Stephen Reynolds
This trading method is taken from ZZ Scalper and modified for what I would say are some high probable signals. Ive noticed that when previous highs and lows are within a tight range a breakout of this range is more likely and often results in signaling a good move just before it happens...
Stephen Reynolds
On the Metatrader platforms we see a rolling 24hr chart. Where as with this EA for example if we are analysing the SP 500 we look at the gap between the current days open at 16:30 and yesturdays close at 23:00. So we are in effect revealing something hidden by a normal Metatrader chart...