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.
You also set the standard settings like stop loss, take profit and trailing stops. You may use without take profit to make maximum advantage of sudden spikes (use “0” to disable take profit in take profit settings).
It is recommended that you have a low spread, fast execution broker for this robot.
|Time frame||One minute chart|
|Accounts allowed||Single purchase includes license for three (03) MT4 accounts (including any DEMO and real accounts). You can submit your accounts numbers after purchase. You can not change the account numbers afterwords. You need to submit the account numbers at once.|
Back testing Results
Please note that past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here