Double Breakout is an automatic expert advisor with two separate strategies that use martingale. The MACD indicator with adjustable parameters is used as input for each flow of orders. The specified take profit and stop loss levels are used to exit the position.
General recommendation
The minimum recommended deposit is 1000 cents. Spread is recommended not more than 3 points. It is better to use trend currency pairs. The martingale parameter can be set from 0.1 to any value. When martingale is on, take profit for each order is calculated depending on the martingale parameter. After the transaction, which covers all losses, all parameters of the EA are returned to their original values. The best usage on EURUSD M15, M30, H1.
Input parameter
The EA works on five-digit quotes. Before trading on a real account, it is recommended to check the trading in the strategy tester with the selected parameters or optimize them. Intake profit and stop loss are used with 4-digit values.
- Magic -a unique magic for the EA (so that it distinguishes its trades from others).
- Order Comment – comment for orders.
- Lots – the volume of the first position.
- Lots of static – constant volume for the items.
- Lots of max – maximum volume.
- Martingale – multiplier to increase the volume of positions after each losing trade.
- Take profit – take profit in points for the first position.
- Take profit static – constant initial take profit.
- Takeprofit2 -additional take profit for a position covering a series of losses.
- Stoploss – stop loss in points.
- Fast MA – fast moving average of MACD for the first flow of orders.
- Slow MA – slow moving average of MACD for the first flow of orders.
- FastMa2 – a fast-moving average of MACD for the second flow of orders.
- SlowMa2 – a slow-moving average of MACD for the second flow of orders.
- Begin Hour – start trading hour.
- End Hour – the end of the trading hour.
- Stop out – level is a percentage of the Deposit when trading stops;
NOTE:
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BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat in the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this, we recommend that you test the EA on your own broker account using many variations of currencies, time frames, and settings to make sure you experience favorable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
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- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
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