Supreme BreakOut

Introduction

Expert adviser Supreme BreakOut - a breakout strategy robot trading by support and resistance levels finding opportunities to catch breakouts. Guided by two indicators(MACD/MA) and support/resistance levels. If price break through either above resistance level or below support level together with signal from indicators that a breakout could take place and order will be executed (pending or market). Equipped with money management, auto stop loss by S&R levels or manual stop loss input,take profit, trailing stop with break even and spread filter.

Note: Supreme BreakOut will keep executing orders as long as the signal indicates a breakout and one of the levels being break through by price. When an order hits TP or trailing stop and signal active, a new order will be executed. Pending orders get deleted by expiration time if not hit and if signal still active a new stop will be placed. All this just to get as much out of the ongoing breakout.

There's a choice to use martingale(averaging) if an order did not hit take profit or trailing stop and headed on in the wrong direction, trying to bring the order back to profit anyway, limited by number of trades in the series sequence - if max orders hit all orders are closed in loss! Use this function wisely!

Feautures

• Low initial deposit of minimum $200
• Supports 4/5 digit brokers
• Any currency pair
• Any account type, but use low spread currency pairs for best performance!
• Virtual/normal trailing stop
• Pending stop/instant market orders
• Auto stop loss by S/R levels or user input
• Default configured for EURUSD H1( Caution!! Martingale enabled)

How to get started with Supreme BreakOut?

First of all you need to find suitable settings for the pair and time frame traded with an optimization, default settings are adjusted for EURUSD and time frame H1. A period of 3 months will do to find good settings for TP,SL(if not auto used) and trailing plus indicator time frames, periods and bar calculations. Depending on what type of orders used - Pending stops need to have a distance from price setting and market orders does not need this. Default indicator settings and S&R calculations settings are quite good to use on most pairs but always test before go real. Remember to turn off S&R lines and HUD when optimizing to speed up the process. 

Settings

I refer to screenshots - Any questions just ask ;)