Session Breakout Forex Robot EA
Originally my strategy was to trade Market Open sessions with the High and Low of the first 30min after the market opened. Usually, after the market opens the trend is determined within the first 30min or 1H.
We used this EA to trade GBP/USD as we found it more profitable due to the GBP Breakouts. We are sharing the Settings which works well on GBP/USD. Only trade the London session, and have the other session on “False”. So you will need to find out what time London opens according to your Mt4 broker time.
We have back-tested this for 2010-20100, and currently, this year from Jan-July and the results were pretty good. We think this EA has huge potential to trade every market session if we can find the right settings.
You can also test your current Breakout theory on this EA and see how it goes.
Settings:
- London: “True” 10:00 (this is London open in my Mt4)
- Timeframe: 5Min
- Number of bars: 6
- High distance: 6
- Low Distance: 6
- TP: 15 points( this is for a 5digit broker) which means 150 pips)
- SL: 5 points ( means 70pips)
- Monday to Friday: select “true”
- Trailing stop: True
- Trailing Stop:20
- Trailing stop: 10
- Break on: True
- Break start: 0
- Break Step: 5
- Lot size: depends on you.
- NOTE:
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- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase please read our RISK DISCLAIMER.
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.
- Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- 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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