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AW Breakout Catcher EA MT5

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Troubleshooting, contacting the author, Instructions and description of the Expert Advisor, Version of the Expert Advisor on the MT4 platform
  • It works on all types of trading instruments and on any timeframe
  • It has the function of working on time, limiting slippage and maximum spread
  • Easy setup and intuitive dashboard interface
  • Suitable for tracking positions opened manually
  • Different configuration optionsStopLoss and TakeProfit
  • Optionally, it can use averaging

The indicator elements are visible only if the indicator is running – AW Breakout Catcher Indicator

The indicator elements are visible only if the indicator is running – AW Breakout Catcher Indicator

Input settings

MAIN SETTINGS – the main settings of the Expert Advisor

  • Success Rate – The success rate for opening an order. If the indicator is less than you specify, the Expert Advisor will not open an order
  • Order lots – The volume of the order to open
  • Enable Autolot calculation – Use automatic lot calculation. This function allows you to save the risk settings when changing the deposit
  • Autolot deposit per 0.01 lots – The amount of the deposit for every 0.01 when using autolot

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STOP LOSS TAKE PROFIT SETTINGS

  • TakeProfit Mode – Select a take profit strategy:
    • Close position on TP1 
    • Close position on TP2 
    • Use TP in Points 
  • TakeProfit in Points (if used) – Fixed StopLoss for each individual order
  • StopLoss Mode-Strategy selection StopLoss:
    • Exit on opposite signal 
    • Use Fixed StopLoss 
    • Use SL from Indicator 
    • Without StopLoss 
  • StopLoss in Points (if used) – Fixed StopLoss for each individual order
  • Close position on TP1 
  • Close position on TP2 
  • Use TP in Points 
  • Exit on opposite signal 
  • Use Fixed StopLoss 
  • Use SL from Indicator 
  • Without StopLoss 

GRIDS SETTINGS

  • Use grids – Use opening of order buckets
  • Step between orders-Variable that regulates the step between orders, measured in points
  • Multiplier – Multiplier for orders. Each subsequent order opened by the Expert Advisor in the order grid will be larger than the previous one by this coefficient
  • Orders Number Limit – The maximum number of orders in one direction in the basket

 BREAKOUT CATCHER SETTINGS

  • Range filtering  Coefficient for filtering market ranges. The higher the value, the lower the sensitivity of the indicator signals
  • Amplitude  The number of bars used to calculate the algorithm, the more , the lower the sensitivity of the indicator signals. The higher, the lower the sensitivity of the indicator signals, the lower, the greater the sensitivity of the indicator signals
  • TakeProfits target – Coefficient for TakeProfit 1 and TakeProfit 2 goals. The higher the multiplier, the greater the profit from a single trade, but the lower the success rate of the signals
  • StopLoss Mode – Variable that defines the strategyStopLoss
  • StopLoss target-Multiplier forStopLoss. The higher the value of the variable the further away from the opening price it will be locatedStopLoss
  • Maximum bars – The number of bars for calculating statistics
    • Work on Time 
    • Start Time 
    • End Time 

    NOTIFICATIONS SETTINGS-notification settings section

    • Send push notifications when close orders 
    • Send mails when close orders 
    • Send alerts when close orders 

    ADVISOR SETTINGS  

    • Orders Magic number – The main ID of the EA’s orders
    • Comments for orders – Comments on the EA’s orders
    • Slippage Limit – Maximum allowed slippage in points
    • Spread Limit – The maximum allowed spread for opening orders
    • Maximum size of orders – The maximum amount of the sum of all orders
    • Allow to open OP_BUY 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 send new orders after all orders are closed
    • Font size in panels-Change the font size in the panel
    • Show panel – Show or hide the Expert Advisor panel

    ADVISOR SETTINGS  

    • Orders Magic number – The main ID of the EA’s orders
    • Comments for orders – Comments on the EA’s orders
    • Slippage Limit – Maximum allowed slippage in points
    • Spread Limit – The maximum allowed spread for opening orders
    • Maximum size of orders – The maximum amount of the sum of all orders
    • Allow to open OP_BUY 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 send new orders after all orders are closed
    • Font size in panels-Change the font size in the panel
    • Show panel – Show or hide the Expert Advisor panel

    Other developments of the author, MT4 version

    Other developments of the author, MT4 version

    [/spoiler]

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