Breakout EA is a flexible and powerful metatrader expert advisor that using several breakout strategy and implements many useful features. It using the ZikZak Breakout, Daily candle breakout, London time breakout, Pivot points breakout and several breakout strategy. It offers many customizable trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode.
Functions
- Easy to use and customizable Moving Average setting.
- Multi-Pair trading (In Pro Version)
- Built-in money management
- Grid trading (Loss side) for manage losing trade
- Grid trading (Profit side) (In Pro Version)
- Customizable break-even, SL, TP and trailing-stop
- Time Filter trading by multiple forex sessions
- Built-in news filter. EA automatic download news data from news website.
- Initial trade stop filter- you can set a daily time zone so EA will close all trades in that time. (In Pro Version)
- Trade close filter by Daily time (In Pro Version)
- Implements a martingale features (In Pro Version)
- Partial Closing (In Pro Version)
- Know more details about PRO version
Entry Strategies
- Daily Candle Breakout:
- Buy Trade : When price breakout from previous daily candle’s high price.
- Sell Trade : When price breakout from previous daily candle’s low price.
- Zik Zak Breakout:
- Buy Trade: When price touch Upper ZikZak line’s price.
- Sell Trade: When price touch Lower ZikZak line’s price.
- Factal Breakout :
- Buy Trade: When price touch Upper Factal line’s price.
- Sell Trade: When price touch Lower Factal line’s price.
- Insider Bar Candle Breakout :
- Buy Trade: When open price breakout signal candle’s high price
- Sell Trade: When open price breakout signal candle’s low price
- Candle Breakout:
- Buy Trade : When highest high price breakout from number of candle you select from EA’s input.
- Sell Trade : When lowest low price breakout from number of candle you select from EA’s input.
- Pivot Breakout:
- Buy Trade: When open price are below Kumo cloud line and close price are above the Kumo cloud + Tenkan-sen is above Kijun-sen + Future Kumo is bullish.
- Sell Trade: When open price are above Kumo cloud line and close price are below the Kumo cloud + Tenlan-sen is below Kijun-sen + Future Kumo is bearish.
- London Breakout:
- Buy Trade: When price cross above the height high from Start Time and End Time.
- Sell Trade: When price cross above the lowest low from Start Time and End Time.
Key Functions.
Multi-Pair Trading
With multi-pair trading, you can trade multiple currency pairs from a single chart. This feature allows you to activate or deactivate multi-pair functionality, define specific pairs to trade, and control trading across different markets efficiently.
Initial Trade Management
This section manages the EA’s initial trade settings, including risk management and trade timing. It includes general settings like lot sizes and trade filters, stop trading functions based on profit/loss or trade frequency, and precise trade timing controls to align with your strategy. Additionally, the News Stop Filter ensures that trades are paused during high-impact news events.
Loss Management System
The EA features robust loss recovery strategies, including Grid Trading (Loss Side and Profit Side) and Martingale techniques. These strategies help recover from losses by opening additional trades in calculated intervals, leveraging market retracements, and securing profits efficiently.
Trade Closing Functions
This section provides advanced trade-closing options, including Basic Take Profit/Stop Loss settings, Partial Closing to lock in profits incrementally, and filters to close trades based on time, profit, or drawdown thresholds. It also includes Break-Even and Trailing Stop functions to maximize profit while minimizing risk.
Common Functions
The Common Section includes essential configurations like slippage control, MagicNumber for identifying EA trades, and error-handling settings for seamless operation. Additionally, the Display feature provides a real-time dashboard on the chart, showing profits, account balance, and trade activity.
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