Breakout Strategy EA
- Only pending orders are used
- All orders are protected by stop-loss
- No averaging, no grid and no martingale
Expert Advisor Settings
*** Order Settings ***
MagicOrderNumber – Number to identify the EA Trades.
Lots – Lot size when MoneyManagement is set to false.
SlippagePips – Number of slippage pips allowed when placing a trade.
MoneyManagement – Enables fraction risk of account balance and profit lock.
MoneyManagementRisk – Fraction of account balance to risk per trade.
AllowNewTrades – Allows new trades.
AccountProfitLock – Fraction of account to lock profit and stop trading in the event of an excessive draw down.
*** Entry Settings ***
TimeFrame – Select the time frame that the EA uses to trade.
MaxSpread – Maximum spread in pips that the EA will trade.
StartTradingHour – Limit trading hours of the day, zero to disable.
StopTradingHour- Limit trading hours of the day, zero to disable.
TakeProfit – Take profit in pips, zero to disable.
BBPeriod – Bollinger band period
BBTriggerStd – Standard deviation for trigger squeeze pips
BBTriggerSqueezePips – Maximum size in pips of trigger bollinger bands to set pending orders
BBPendingOrderStd – Standard deviation for setting pending orders, should be more than BBTriggerStd
*** Exit Settings ***
StopLoss – The stop loss in pips.
BreakEven – Perform break even.
BreakEvenPips – Number of pips to set stop loss in profit.
BreakEvenTriggerPips – Number of pips of profit before break even is performed.
BreakEvenTimeDelaySeconds – Number of seconds to delay break even.
TrailingStopLoss – Perform trailing stop loss.
TrailingStopLossPercentage – Percentage from original stop loss to move.
TrailingStopLossPipIncrements – Increments in pips of trailing stop loss to reduce number of order modifications.
RSIExit – Exits if the RSI returns from an extreme.
RSIPeriod – The RSI period for entry and exit.
RSISensitivity – The RSI level from the extreme at which the price is considered overbought or oversold.
TrailingTimeExit – Time based trailing stop loss.
TrailingTimeAcceleration – The acceleration of the stop loss in the direction of the trade.