Conditional breakout system - MT4/MT5 resources
I came up with the idea of a system that was a conditional breakout type of system.
We use 5 minute charts. When the daily high + 2 points is reached, evaluation of the current 5-minute candle will begin. If the current price is above the 5-minute open price by a value greater than 100 pd - the 5-minute average true range... then a potential breakout is assumed and we buy.
Of course the opposite is true when selling.
If the top or bottom is reached and the above 5 minute candle conditions are not met... then only the minimum lot size will be taken.
I think 25 tp and 15 sl would be better. We can even set up a small station on it. We can try any major.
Anyway...if this piques your interest...I'll provide ea. It will also include MM so this will be a complete price action breakout system. I will also include maximum spreads and maximum slippage levels, which will be displayed on the chart.
It trades once a day.
Please tell me. This thread may need to be moved to a programming forum. If that's the case...I'm sorry.
We use 5 minute charts. When the daily high + 2 points is reached, evaluation of the current 5-minute candle will begin. If the current price is above the 5-minute open price by a value greater than 100 pd - the 5-minute average true range... then a potential breakout is assumed and we buy.
Of course the opposite is true when selling.
If the top or bottom is reached and the above 5 minute candle conditions are not met... then only the minimum lot size will be taken.
I think 25 tp and 15 sl would be better. We can even set up a small station on it. We can try any major.
Anyway...if this piques your interest...I'll provide ea. It will also include MM so this will be a complete price action breakout system. I will also include maximum spreads and maximum slippage levels, which will be displayed on the chart.
It trades once a day.
Please tell me. This thread may need to be moved to a programming forum. If that's the case...I'm sorry.
📦 Summary of post attachments (1)
Below are all the files shared in the reply (1).
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •