Breakout EA
is based on the breakout/rebound from newly formed support and resistance levels. The support/resistance levels are identified using a narrow range of fluctuations in High/Low price of the bar for the period n. Entries are made in the direction of the initial movement from a level +/- n points.
Parameters
StartTime, EndTime - time for opening orders, not used if 00:00.
LotsFor1000
- initial lot size per 1000 units of base currency.
ATRPeriod
- period for calculating the average daily volatility, in days.
TradeDirection
- trading method: trade in one or both directions simultaneously.
OrderOpenMode
- calculation of step for opening orders: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
GridStep,
GridStop
- step for averaging positions, not used if 0.
PyramidStep,
PyramidStop
- step for increasing positions, not used if 0.
HedgingStep,
HedgingStop
- step for hedging positions, not used if 0.
CountingOrders
- order counting: each series separately or the total number of orders in different directions.
GrowingVolume
- scale in to positions by the amount of orders or by lot increment.
IncreasingLot, DecreasingLot
- increase/decrease the lot by the specified percentage, not used if -0.
StartIncrease, StartDecrease
- the position to start increasing/decreasing the lot.
MaxLotFor1000
- the maximum lot per 1000 units of base currency.
LevelsMethod
- setting take profit/stop loss: separately for short and long positions or for the entire basket of orders.
LevelsMode
- calculation of take profit/stop loss: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
StopLoss,
TakeProfit
- stop loss and take profit, not used if 0.
TrailingMethod
- trailing stop method: separately for short and long positions or for the entire basket of orders.
TrailingMode
- calculation of trailing stop: in pips, in the deposit currency, as a percentage of the balance or as a percentage of ATR.
TrailingStop,
TrailingStep
- trailing stop and trailing step.
MagicNumber
- magic number, the EA manages all positions opened manually or by another expert if set to -1.
