4H Banker Buster | Foreign Exchange EA Download- MT4/MT5 Resources

trade access

The first 4H bar of the week closes, adding 50 pips to set the breakout box as high and subtracting 50 pips to set the breakout box as low. If the trade closes, then take the closing price of the bar, add 50 pips to set the new breakout box as the high, and subtract 50 pips to set the new breakout box as the low. Continue until Friday.

Admission requirements

Condition 1 Rule Set: Follow MA; set stop loss based on MA

Buy order: If the buy order is triggered and the red MA is below 20 pips from the entry point, set the stop loss to the red MA.

Sell ​​order: If a sell order is triggered and the red MA is higher than 20 pips from the entry point, set the stop loss to the red MA.

Condition 2 Rule Set: Set Trailing Stop

Buy Order: If a buy order is triggered and the red MA is 20 pips or higher from the entry, set the trailing stop to 50%-75% of the breakout area. % is your personal risk preference, but never exceed 75%, otherwise there is no point in lowering the stop loss by 100%.

Sell ​​order: If a sell order is triggered and the Res MA is 20 pips or lower from the entry point, then set the trailing stop to 50-75% of the breakout area (the reason can be found in the buy order).

Rules for conducting transactions

Once a trade is triggered, you determine the conditions that must be followed.

Condition one:

Buy order: So your trade is triggered and the stop loss is set to the red MA. The stop loss at the opening of each new bar is updated to match the position of the red MA. Because this is like manually trailing the stop, if the red MA retraces, don't update until the red MA retraces again and passes the last highest position the stop was adjusted to.

Once your stop loss is equal to or greater than breakeven, set your stop loss to breakeven.

Once the black moving average crosses the breakeven point, adjust your stop loss to follow the black moving average. Because this is similar to manually trailing the stop loss, if the black line MA retraces, please do not update until the black line MA retraces again and adjusts to the last highest position through the stop loss.

Sell ​​order: So your trade is triggered and the stop loss is set to the red MA. The stop loss at the opening of each new bar is updated to match the position of the red MA. Because this is like manually trailing the stop, if the red MA retraces, don't update until the red MA retraces again and passes the last highest position the stop was adjusted to.

Once your stop loss is equal to or greater than breakeven, set your stop loss to breakeven.

Once the black moving average crosses the breakeven point, adjust your stop loss to follow the black moving average. Because this is similar to manually trailing the stop loss, if the black line MA retraces, please do not update until the black line MA retraces again and adjusts to the last highest position through the stop loss.

Condition 2:

Buy order: So your trade has triggered and the stop loss is set as a trailing stop. When the trailing stop is inside the breakout box, it tracks the position of the red moving average.

If the trailing stop crosses the red MA before reaching the breakeven point, adjust the stop to the red MA and follow the condition 1 buy rule from the red MA.

If the trailing stop reaches breakeven before crossing the red MA and after crossing the black MA, set the stop to breakeven and follow the condition 1 buy rule from breakeven.

If the trailing stop breaks even before it crosses the red MA and before it crosses the black MA, keep the trailing stop in effect and once it crosses the black MA, adjust the stop to the black MA and follow the condition 1 buy from the black MA rule.

Sell ​​order: So your trade has triggered and the stop loss is set to a trailing stop. When the trailing stop is inside the breakout box, it tracks the position of the red moving average.

If the trailing stop crosses the red MA before reaching the breakeven point, adjust the stop to the red MA and follow the Condition 1 sell rule starting from the red MA.

If the trailing stop reaches breakeven before crossing the red MA and after crossing the black MA, then set the stop to breakeven and follow the Condition 1 sell rule from breakeven.

If the trailing stop breaks even before crossing the red MA and before crossing the black MA, keep the trailing stop in effect and once it crosses the black MA, adjust the stop to the black MA and follow the condition 1 sell rule from the black MA.

For all conditions! ! !

If your orders have not been stopped by the end of the week, please close all orders before the close.

Close 1/2 position

I recommend closing half of the position once the profit reaches 100% above the breakout box and letting the other half take its course.