BreakoutEA – expert advisor by FXFlash developer. Works щи breakout of channel. Robot comes with 2 versions of Breakout EA.
- Forex pairs – GBPUSD, EURUSD
- TimeFrame – M5
- Broker – Any
Breakout EA has a buily-in MM (Money Management) Default – 4.5% of the total balance per trade. Trader can switch to a fixed lot size by switching MoneyManagement setting to false and the RiskManagement value to whatever lot value you would lot to use.
MoneyManagement – This parameter will automatically set the number of lots based on the balance of the account. Set to true to enable and false to disable.
RiskManagement– If MoneyMangement is set to true, the RiskManagement parameter will dictate the risk of each trade based on the value entered into RiskManagement. For instance if MoneyManagement is set to true and RiskManagement is set to 4.5(default values), each trade will allow max risk of 4.5% of the balance of the account. If MoneyManagement is set to false, RiskManagement will serve as a fixed lot size. For instance if MoneyManagement is set to false and RiskManagement is set to 0.01, each trade will be set to 0.01 lots. If you want to use 0.05 lots set MoneyManagement to false and RiskManagement to 0.05. If you want to use 0.1 lots set MoneyManagement to false and RiskManagement to 0.1… etc
Magic_Number– Allows for BreakoutEA to keep track of its own trades.
– Breakout EA User-Guide (PDF manual)
File type and requirements:
-This is a digital item! (Download link – zip file)
-You will Need: MetaTrader 4 platform.
– Your personal license will cover one demo account and one “live” account.
– It will never expire and there are NO “monthly fees” or any other recurring charges for use