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FX Breakout

FX Breakout is a forex robot that uses a reliable and profitable strategy for trading on the breakout of price levels of support and resistance, which the advisor determines according to its internal algorithm. The entry into the deal is carried out by pending orders "buy stop", "sell stop", which are automatically set at the levels of a likely strong price impulse, which are removed as they become irrelevant over time. An incomparable advantage is the fact that the Expert Advisor does not use dangerous strategies such as "martingale" or "oredr grid", it has a fixed "stop loss" and "take profit", and a reliable trading strategy based on resistance and support levels (the golden classic of technical analysis since the inception of financial markets) works wonderfully on a variety of currency pairs and does not lose its relevance over time.


Since this Expert Advisor is a multicurrency one, for diversification, I recommend simultaneously setting on the currency pairs that are in the list (see Presets), this will help to achieve smoother trading.


The Expert Advisor is fully automated and must be turned on 24 hours a day to work, so we recommend using a VPS server, which will ensure uninterrupted round-the-clock work of the Expert. The Expert Advisor is multicurrency and can work on different currency pairs, the standard settings of the Expert Advisor are optimized for trading GBPUSD on the M30 timeframe (presets).



At the moment the Sale is only for a few days, after which the price will increase



FX Breakout presets for currency pairs:



Live monitoring of the MQL5 Advisor:



Results of testing FX Breakout on MYFXBOOK

(testing was carried out using tick data with a simulation quality of 99.9%, floating spread and slippage thanks to the "tick data suite 2" program and as close as possible to real conditions)  


(GBPUSD 2015.01.01-2020.09.01):

www.myfxbook.com/strategies/fx-breakout-gbpusd/266635
     

(EURUSD 2015.01.01-2020.09.01):

www.myfxbook.com/strategies/fx-breakout-eurusd/266656
     

(USDJPY 2015.01.01-2020.09.01):

www.myfxbook.com/strategies/fx-breakout-usdjpy/266831
     

(USDCAD 2015.01.01-2020.09.01):

www.myfxbook.com/strategies/fx-breakout-usdcad/266880
     

(EURJPY 2015.01.01-2020.09.01):

www.myfxbook.com/strategies/fx-breakout-eurjpy/267174
     

(NZDUSD 2015.01.01-2020.09.01):

www.myfxbook.com/strategies/fx-breakout-nzdusd/267258
     


Download FX Breakout tests results:




Specifications:


Platform: MT4


Timeframe: M30


Currency: GBPUSD, EURUSD, USDJPY, USDCAD, EURJPY, NZDUSD (others when optimized)


Type: trading on the breakout of price levels


Trading time: around the clock


Minimum deposit: $ 100



Features:


- does not use dangerous martingale or grid strategies;

- fixed stop loss, which allows you to control the maximum level of risk per trade;

- automatic reinvestment of earned profits for further trading; 

- a small number of losing trades in relation to profitable trades;

- multicurrency: successfully used on a variety of different instruments;

- fully automated;

- uses the classic system of technical analysis for breakout of price levels, proven for decades, modernized for the modern market.   



Parameters:


FixedLots - volume of the position to be opened (works if AutoMoneyManagement = 0);

AutoMoneyManagement - the volume of the position to be opened as a percentage of the deposit;

TakeProfit - take profit;

StopLoss - stop loss;

TrallingStart - start of trawl; 

TrallingStop - stop loss size when trailing;

TrallingStep - thrall step; 

ExpHour - pending orders lifetime; 

ReliableLevel - level reliability (the higher the value, the more reliable the levels, but the smaller the number);

Items - indent from the level for a pending order;






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