Price Action Breakout Robot Free Download | Grid EA Download - MT4/MT5 Resources | MT4/MT5 Download
This price action robot is a price action based breakout robot and is free to download. This automated system is designed to execute trades by taking advantage of major breakouts in price levels, a technique whose roots are as old as the markets themselves.
Breakout Robots are a testament to the enduring power of breakout strategies that have been used by professional traders and hedge funds for decades. The core strategy of this system relies on price action to determine important trading price levels. Price action robots do not use commonly used but often lagging indicators, giving traders a powerful advantage.
It does not use dangerous trading methods such as martingale or grid . Furthermore, it does not open more than one trade at a time; trading is done using pending orders. All trades are always protected by small stop losses and take profits .
This price action bot can trade using fixed lot sizes, or it can use automatic lot sizes and automatically increase trade sizes, which is a useful feature for traders looking to grow their portfolio exponentially. This feature allows the system to adjust the trading volume according to the deposit size , accounting for the profits earned. The maximum drawdown percentage is lower for this breakout robot, which allows small deposits to be made using this advisor.
Please test in a demo account for at least a week first. Also, please familiarize yourself with and understand how Breakout EA works, and then only use it in a real account.
Advice for Breakout Robots
- Minimum account balance is $100.
- Works best on USDJPY, EURUSD and GBPUSD . (Applies to any pair)
- Work best on H1 TimeFrame . (works in any time frame)
- This price action robot trades at strictly designated GMT times. The standard GMT offset is GMT+2 in winter and GMT+3 in summer. If your broker's time zone is different, you should change the " GMT Offset " input parameter.
- The Breakout bot should work uninterrupted and with low latency on the VPS to achieve stable results. So we recommend running this Free Forex EA on a reliable VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low Spread account is also Recommended ( Find the best broker for you here )
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Input Parameters
- Dashboard – Show info panel
- GMTOffset_Winter – your broker’s GMT winter offset
- GMTOffset_Summer – your broker’s GMT summer offset
- Spread_Control – the maximum spread allowed for trading
- Spread_Control_Timing – The time interval for the return of pending orders after deletion if the allowed spread level is exceeded.
- FixedLotSize – trade with fixed lot size (only valid when parameter AutoMoneyManagement1 = 0)
- Automatic currency management – automatically calculates lot size based on your deposit size
- TakeProfit – Target profit level
- StopLoss – maximum allowed loss per trade
- TrallingStart – floating stop activation level
- TrallingStep – the range in which the floating stop will move
- TrallingStop – floating stop loss distance
- TrallingStopReductionStart – reaches the level at which the floating stop distance is reduced
- TrailingReductionStep – time interval for additional reduction of floating stop
- TrallingStopReduction – the amount by which the floating stop is reduced after passing through the range
- StartHour – time of first order placement
- StartMinute – the number of minutes since the first pending order was placed
- EndHour – delete pending order time
- EndMinute – delete pending order minute
- CloseHour – the closing time of an open position (if the position was not previously closed via Stop Loss or Take Profit)
- CandlesForLevel – the number of candles forming the price level
- AdditionalOrders – allows placing additional pending orders intraday
- Items – the offset between the number of pending orders and the price level
- Read More Forex Jupiter – The most accurate trend indicator for MT4/MT5
Price Action Robot Conclusion
In summary, Price Action Robot is a free breakout trading system that eschews traditional price action indicators and avoids risky strategies such as martingale and grid. It is designed for the security of one trade at a time, is protected by Stop Loss and Take Profit, and offers flexible lot sizes for portfolio growth. It is suitable for small deposits and promises low drawdowns, making it a prudent choice for traders.
Price-Action-Breakout-Robot-1.zip
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