FRZ Breakout Trading Robot MT4 – Forex Breakout Bot

(8 customer reviews)

$95.00

Description

This forex breakout bot is an expert adviser that is intended to trade where sudden sharp movements occur in charts. This EA works by looking at the time to move a specified number of pips in a specified maximum number of seconds on a particular chart.  For instance, if 10 pips rose in 15 seconds or less, that could be thought to be a breakout event for the currency and a “Buy order” would be placed by this EA. On the other hand, if a specified number of pips fell within a specified maximum number of seconds, this EA would place a “sell order”. For instance, if 10 pips fell within 15 seconds or less, a sell order would be placed by this EA. Another good thing is that this EA will also work as a news trader since it can trade sudden spikes in charts arising from high impact news including both scheduled and unscheduled news releases.

It is recommended that you have a low spread, fast execution broker for this robot.

EA Specs

Platform MT4
Time frame One minute chart
Currency pairs Any
License Single purchase includes license for two (02) trading accounts (including 01 DEMO and 01 real account). You can submit your account numbers after purchase. Both accounts should be submitted within 14 days of purchase. You can NOT change the account numbers afterward.  We offer no refunds or returns.

After the purchase, visit this page to submit your account numbers.

Current version 2.2

Settings

Settings Explanation

Setting No.1 => This is the number of pips that need to rise in order for a buy order to be activated subject to the setting no.2

Setting No.2 => This is the maximum number of seconds allowed for the rise of the specified no. of pips specified under setting no. 1 for a buy order to be activated.

Setting No.3 => This is the number of pips that need to fall in order for a sell order to be activated subject to the setting no.4

Setting No.4 => This is the maximum number of seconds allowed for the fall of the specified no. of pips under setting no. 3 for a sell order to be activated.

Setting No.5 => This is the lot size that you can specify as necessary. Lot size should generally be in line with your deposit size.

Setting No.6 => This is the stop loss size in pips that you can specify as necessary. (Please note that there is no take profit setting. Take profit is dynamically decided by the EA based on the particular market condition).

Setting No.7 => This is the trailing stop size in pips that you can specify as necessary.

Setting No.8 => This setting will delay the activation of the trailing stop specified in setting no.7. (More often than not, sudden spikes in charts create quick ups and downs initially before it finds the right direction, therefore, delaying trailing stop is recommended. Besides, there is an inbuilt algorithm to close the trades after the trailing stop activation time when EA determines that the trade is likely to go in the opposite direction. Thus, it is recommended not to make this less than 60 seconds.)

Setting No.9 => This is the spread filter in pips. If the spread is above this level, the trade will not be taken.

Setting No.10 => This is the slippage filter in pips. If the slippage is above this level, the trade will not be taken.

Setting No.11 => The EA has another inbuilt algorithm that will analyze the trade and then it may close the trade if the EA determines that the trade is likely to go in the opposite direction. This is the time in seconds you can set to activate this algorithm.

Setting No.12 => The EA will close the trade if the trade has not generated the no. of specified pips given here after the review time specified in setting no. 11. (However this may not be the only reason that the trade is closed by the EA after its review specified under setting no.11 as the EA uses several other logics to see if the trade is likely to go in the opposite direction).

Installation & Usage

 

Backtesting Results

Please note that the past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here

FRZ Breakout Trading Robot MT4 – Forex Breakout Bot

8 reviews for FRZ Breakout Trading Robot MT4 – Forex Breakout Bot

  1. Dumona Jai

    Works well so fat. took 4 trades in a week with $273 profit.

  2. Freddie Gorecki

    Worked really good. It captures any spike in charts be it news or anything. Makes some good profit with it. Thanks for support.

  3. John Benton

    Great! it takes all sudden spikes. Make sure you have an ECN broker with fast execution

  4. David Garner

    It made some losses initially but recovered soon enough. Well done! Thanks for the support

  5. Myke Doner

    Simple logic but effective

  6. Christopher D

    Thanks. One week – made $300!

  7. Evgeny Firsov

    Hi, it looks great so far. I’ve noticed that you usually let set fixed lot per trade. Would be very helpful to make it a %’ge of current balance, so it will compound automatically. So instead of lot size you enter %’ge. Just a suggestion. Thanks.

    • Admin bar avatar

      ForexRobotz

      Thank you. We may add this option in the next update

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Got something to discuss?


Guest
Wenas
11 months 7 days ago

Does it trade news events?

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ForexRobotz
7 months 25 days ago

Yes it trades any breakout

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Lulan
8 months 27 days ago

can i use it on any timeframe?

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ForexRobotz
8 months 2 days ago

One minute chart only

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Perara Manun
8 months 26 days ago

How much profit can it make?

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ForexRobotz
7 months 21 days ago

check out the backtest reports

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YEO SEE HOWE
5 months 21 days ago

can this robot use to trade the XAU USD pair?

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ForexRobotz
5 months 21 days ago

Yes

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YEO SEE HOWE
5 months 19 days ago

hi, I had just brought the breakout EA, can I check what is the recommended account size to use this EA?

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ForexRobotz
5 months 19 days ago

Any account size ok but lot size to be decided based on your account size. E.g. if you have less than $250, then 0.01 lot size is ok

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Andy
4 months 22 days ago

Is not possible to use it on the Daily chart?
On the tester, it scalps better on the higher time frame or is there something wrong with my MT4.

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ForexRobotz
4 months 22 days ago

It is designed for one minute chart but if you want we can enable daily chart too with no additional cost

 
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