ERXGen BreakOut MultiCurrency Trader EA – [Cost $2499] – For FREE ERXGen BreakOut MultiCurrency Trader EA – [Cost $2499] – For FREE

Without volatility, trading in financial markets would be nearly impossible. Profits are generated only when prices change.

The ERXGen (Early Starter Next Generation) Breakout System is a short-term trading technique based on the phenomenon of higher price volatility during certain periods of the trading day.

Following the release of the extremely popular indicator – ERXGen Filter, many traders have adopted this automated trading system to bring more benefits to traders’ trading.

Price action during the Tokyo trading session is used to calculate trade entry levels. Buy and/or sell transactions are primarily conducted during the London trading hours.

Parameters

• Show Trade Info – If TRUE, this is a visual display in the upper right corner of the chart that contains key trading information such as lot size, account balance, equity, drawdown, trade size, profit, risk %, etc.
• ShowComment – ​​if TRUE, a comment will be shown on the chart, showing the status of the three rules, GMT time, breakout candle, etc.
• Show PrintOut – If TRUE, information will be printed and logged on the platform's Expert tab. It may consume memory. Recommended as a troubleshooting tool only.
• Show LOBImages – If TRUE, a visual display of price movements for the previous three days and the current day will be displayed. The day's price action shows two sets of lines - the green line depicts the highest price during the Tokyo session and the red line depicts the lowest price during the Tokyo session
• Trade Information Title_Color – The color of the trade information title
• Enter the GMT Correction Time (in hours) – the hourly difference between the MT4 platform time and GMT
• Enter Tokyo Trading Hours to Monitor – The number of hours during the Tokyo trading session to monitor price movements
• Risk Per Trade % – Users have the option to select a risk percentage for each trade. Most traders are somewhere between 1%, 2% or 3%. This depends on the trader's risk profile. Smaller accounts may require higher values ​​to offer lot sizes of 0.01 microlots.
• Trade Risk Bias – Users can choose between “aggressive” or “conservative” settings. Aggressive settings instruct the EA to set the buy stop and sell stop a few pips above the green line or a few pips below the red line. A conservative setup will only place buy/sell stops after a breakout and after price retraces to the green or red line. Please watch the video for details
• Trade Direction – User can choose whether to trade buy and sell, buy only, sell only or no trade
• Use Clear Breakout Entry – If TRUE, this is a slight modification to the aggressive entry where a buy or sell stop will only be placed if the breakout candle closes above the green line or the breakout candle closes below the red line. Please watch the video for details
• MaxLot allowed – the user can enter the maximum lot size that the EA can trade.
• UseDailyStops – If this is TRUE, the next setting (UseTokyoSL) should be FALSE. The Daily Stop Loss Instruction EA sets the stop loss for buy trades at the previous day's low and the stop loss for sell trades at the previous day's high.
• UseTokyoSL – If this is TRUE, the previous setting (UseDailyStops) should be FALSE. The EA sets the buy stop a few pips below the red line (lowest price during Tokyo session) and the sell stop a few pips above the green line (highest price during Tokyo session)
• UsePartialClose – Users can choose to partially close profitable trades
• UseEoDClose – if TRUE, the EA will close all open trades at the end of the day (23:55)

The three key rules are:

• Intra-week trend
• Tokyo range narrow (the gap between the high and low prices during Tokyo trading hours must be very low, range-bound and non-trend)
• The location of the Tokyo range (price action during the Tokyo session must occur at the top or bottom of the previous day's range)

This multi-currency automatic trader has huge advantages

• Euro and GBP multi-currency pair
• Well-written algorithms, precise and fast
• More like a trade assistant than a robot
• Allow user intervention
• Manage risk – lot size, trade size
• Manage trades – trade size, trade targets, trade stops, stop loss management (turn to breakeven, trailing, partial closing, etc.)
• Additional control parameters such as EMA-based stop loss, trade recovery techniques, etc.
• Visual display

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