EA Reverse Breakout

The strategy is based on a reverse breakout, it trades using pending BUY LIMIT and SELL LIMIT orders.

Recommended currency pair/timeframe: EURUSD M30.

Monitoring

https://www.mql5.com/en/signals/author/profi_mql

Parameters

• Magic — ID of EA's trades.
• Order Comment— a comment to the EA's orders.
• Slippage — Allowable slippage before an order triggers.
• Order Type — select trade direction.
• Max Spread — Maximum Spread allowed before pending order triggers.
• disable trade if spread high — disable trading for some time (from 5 minutes to 24 hours) if the average spread exceeds Max_Spread.
• Fixed_Lot — fixed lot if Use_Risk_MM = false.
• Use_Risk_MM — when set to true, lot size is increased together with account balance increase.
• Percentage_Risk — Lot size increase based on the balance value (Risk Management in %).
• Take_Profit — take profit level in points.
• Stop_Loss — stop loss in points.
• Breakeven_Target_PipsInp — When price is above this value, breakeven triggers (-1 = off).
• Breakeven_Jump_PipsInp — Stop Loss is moved using this value to breakeven
• Trailing_Stop — trailing points when position is in profit. (-1 = off, 0 = Stop_Loss ).
• Trailing_Step — trailing step when the position is in profit.
• Risk_Protection_on_slippages — if set to true, the EA applies position closure in case of a slippage.
• Adaptive_Trailing_to_slippages — if true, an adaptive trailing stop is used.
• Change_correction_coefficient — trailing sensitivity factor.
• Adaptive_by_Time — time adaptive Trailing Stop.
• Time_Scale — time interval for price analysis.
• Show_Info_Panel — true - show information panel, false provides faster testing in the Strategy Tester.

Time trading within a day:

• Use time — when set to true, trades in certain time intervals.
• Time_Setting — server time or computer time.
• GMT_mode — GMT offset of the broker server time. (0 - not used).
• Every_Day_Start — operation start time (HH:MM).
• Every_Day_End — operation end time (HH:MM).

Friday close time:

• Use time — If true, trades at a certain time.
• Time_Setting — server time or computer time.
• GMT_mode — GMT offset of the broker server time. (0 - not used).
• Disable_in_Friday — operation end time on Friday (HH:MM).