Volatility Breakout Trader MT4

This system is based on neural networks. It analyzes ranging markets waiting for the next major breakout. The system trades by placing strict pending orders on the most recent support or resistance levels likely to be broken by active volatility. This volatility breakout systems are based on the premise that if the market moves a certain percentage from a previous price level, the odds favor some continuation of the move. This continuation might last from a few seconds or for a few hours, or go just a little bit beyond the original entry price, but this is still enough of a profit to play for. The EA uses trail stop to follow profit and breakeven at 1 pip to keep a profitable trade from turning to a loss. It has been trained on EURUSD data from 2007 till date.

This EA sets SL at 30 pips and TP at 300 pips, to reduce drawdown and maintain Equity growth

It is advisable to use on VPS. Ping to the broker's server may be around 100 ms, which is enough, because trades are opened using pending orders.

Check https://www.mql5.com/en/signals/author/theallegrarr for signals

EA works on most pairs, run test before using on any pair and also find the best risk for your equity.

Turn off stealth mode during backtest to speed up back test.

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