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Conditional breakout system - MT4/MT5 resources

author EAcpu | 3 reads | 0 comments |
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.

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