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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 EA determines according to its internal algorithm. The entry into the trade is carried out by pending orders "buy stop", "sell stop", which are automatically placed at the levels of a likely strong price impulse. 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 (golden classic of technical analysis since the inception of financial markets) works wonderfully on many currency pairs and does not lose its relevance over time.
Since this Expert Advisor is multi currency, for diversification, I recommend setting the currency pairs that are in the list at the same time (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, therefore we recommend using a VPS server, which will ensure uninterrupted round-the-clock work of the Expert. At the moment, the advisor is optimized for trading EURUSD, USDJPY currency pairs, on the H1 timeframe (presets).
ATTENTION! The Expert Advisor trades at a strictly specified time in GMT. The standard GMT offset is GMT + 2. If your broker's time zone is different from GMT + 2, you should change the "GMT Offset" parameter to indicate the GMT of your broker (not your computer!). For example, if your broker has a GMT + 4 time zone, then set 4, if GMT - 3, then - 3. Indicate winter time.
Download presets for currency pairs: https://www.mql5.com/ru/blogs/post/739252
It is recommended to install the EA simultaneously on all charts of supported currency pairs.
When testing, I recommend disabling the "Dashboard" parameter, this will speed up the work of the EA during testing.
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)
Download FX Breakout tests results:
Currency: USDJPY, EURUSD (others when optimized)
Type: trading on the breakout of price levels
Trading time: around the clock
Minimum deposit: $ 100
- 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.