AW Daily Breakout is a fully automated trading Expert Advisor that trades on the breakout of the previous day’s extremes using pending orders. Each order has a fixed StopLoss. Daily sets two pending orders in the opposite direction, then opens a market position. Accompanies market orders with Trailing and Breakeven. Uses autolot, suitable for working according to the FIFO rules

Instructions on the work of the Expert Advisor

• Works with a minimum deposit of $ 100 or more
• Complies with FIFO rules
• Uses dynamic StopLoss based on volatility
• Accompanies orders using the Trailing and Breakeven functions
• Built-in automatic lot calculation
• Intuitive setup, suitable for beginners and experienced traders
• Adjusting the opening and closing time of pending orders
• Works without grids, without martingale

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Troubleshooting, contacting the author 

• Every day, at the specified time in the “Time to open Pending orders” variable, the Expert Advisor sets two pending orders at the minimum and maximum prices of the previous day.
• The location of pending orders is calculated based on the current volatility in the “Days to analyze”variable. Within the limits of price volatility for the specified period, pending orders will be placed at the lowest and highest levels
• Orders will be placed if at the time of opening orders, the current price is not located within the “Percent for zone“. The higher the value of the variable, the narrower the corridor for placing orders.

Closing a market order:

• By trailing 
• At breakeven 
• By stop loss, classic or dynamic

Closing a pending order:

• If the pending order does not become a market order before the time specified in the “Time to close Pending orders” variable, it will be deleted

mt5 version

Input Settings:

MAIN SETTINGS

• Size of the order – The volume for opening pending orders
• Enable AutoLot size calculation – Use automatic lot calculation
• Volume of deposit for one “Size of the order“ with AutoLot – Volume of deposit for autolot
• Days to analyze – The number of days used to determine the calculation of the minimum and maximum prices for pending orders
• Percentage for zone (from 0 to 1) – The zone where pending orders will not be placed
• Time to open Pending orders – The time at which pending orders will be placed
• Time to close Pending orders – The time at which pending orders will be deleted

STOP LOSS TAKE PROFIT SETTINGS

• Trailing Start in points – The value in points, after opening a market order, when passing this volume of points, the order will be set to Trailing
• Trailing Step in points – A step in points, after passing which the Trailing will catch up with the price
• StopLoss in points – The amount of fixed StopLoss for each order
• Use Dynamic StopLoss – Use dynamic StopLoss, not displayed on the chart
• Dynamic SL factor-Calculated based on the current volatility. Using the coefficient, you can adjust the StopLoss

BREAKEVEN SETTINGS

• Use Breakeven – Use Breakeven 
• Profit in points to add Breakeven – The profit of the order in points, when it is reached, StopLoss will be set at breakeven
• Level of Breakeven in points – As soon as the price went above the opening price and went into profit on “Profit in points to add Breakeven” points, the Expert Advisor will set StopLoss on the opening price the specified profit in points

ADVISOR SETTINGS

• Maximum slippage in points – Maximum allowable slippage in points 
• Maximum size of order – The maximum volume for a single order, in lots
• Magic – The main identifier of the EA’s orders
• Spread limit – The maximum allowed spread for opening orders
• Order comment – Comment for orders opened by the Expert Advisor
• Allow to open OP_BYU orders – Allow sending OP_BUY orders
• Allow to open OP_SELL orders – Allow sending OP_SELL orders
• Allow to open new orders after close-Allow to open new orders after all orders are closed
• Show panel of advisor – Show or hide the Expert Advisor panel
• Font size in panel-Adjust the font size in the Expert Advisor panel

Other developments of the author 

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