AW Daily Breakout is a fully automated trading advisor that trades on the breakdown of the extremes of the previous day 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 FIFO rules
Signal Monitoring -> HERE / Instructions about the work of the ADVISER ->> HERE / MT4 version ->> HERE / Problem Solving -> HERE
Advantages:
- Works with a minimum deposit of $100
- Complies with FIFO rules
- Uses dynamic StopLoss based on volatility
- Accompanies orders using the Trailing and Breakeven functions
- Built-in automatic lot calculation
- Clear setup, suitable for beginners and experienced traders
- Adjustment of the opening and closing time of pending orders
- Works without grids, without martingale
Strategy:
- Every day at the specified time in the variable “Time to open Pending orders”, the ADVISER sets two pending orders at the minimum and maximum prices of the previous day.
- The location of pending orders is calculated taking into account 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 mark
- Orders will be placed if, at the moment of opening orders, the current price is not located within the boundaries of 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, classical 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
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 – The amount 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
- Percent for zone (from 0 to 1) – A zone in which 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 the 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, Trailing will be set for the order
- Trailing Step in points – A step in points, after passing which the Trailing will be pulled up for the price
- StopLoss in points – The volume 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, upon reaching which 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 addBreakeven” points, the Expert Advisor will set StopLoss at the opening price the specified profit in points
ADVISOR SETTINGS
- Maximum slippage in points – Maximum allowable slippage in points
- Maximum size of order – Maximum volume for one order, in lots
- Magic – The main identifier of the Adviser’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 to send orders of the OP_BUY type
- Allow to open OP_SELL orders – Allow sending OP_SELL type 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 Advisor panel
- Font size in panel – Adjust the font size in the Adviser panel.
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AW Daily Breakout is a fully automated trading advisor that trades on the breakdown of the extremes of the previous day 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 FIFO rules
Signal Monitoring -> HERE / Instructions about the work of the ADVISER ->> HERE / MT4 version ->> HERE / Problem Solving -> HERE
Signal Monitoring -> HERE / Instructions about the work of the ADVISER ->> HERE / MT4 version ->> HERE / Problem Solving -> HERE
- Works with a minimum deposit of $100
- Complies with FIFO rules
- Uses dynamic StopLoss based on volatility
- Accompanies orders using the Trailing and Breakeven functions
- Built-in automatic lot calculation
- Clear setup, suitable for beginners and experienced traders
- Adjustment of the opening and closing time of pending orders
- Works without grids, without martingale
Strategy:
- Every day at the specified time in the variable “Time to open Pending orders”, the ADVISER sets two pending orders at the minimum and maximum prices of the previous day.
- The location of pending orders is calculated taking into account 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 mark
- Orders will be placed if, at the moment of opening orders, the current price is not located within the boundaries of 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, classical 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
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 – The amount 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
- Percent for zone (from 0 to 1) – A zone in which 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 the 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, Trailing will be set for the order
- Trailing Step in points – A step in points, after passing which the Trailing will be pulled up for the price
- StopLoss in points – The volume 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, upon reaching which 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 addBreakeven” points, the Expert Advisor will set StopLoss at the opening price the specified profit in points
ADVISOR SETTINGS
- Maximum slippage in points – Maximum allowable slippage in points
- Maximum size of order – Maximum volume for one order, in lots
- Magic – The main identifier of the Adviser’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 to send orders of the OP_BUY type
- Allow to open OP_SELL orders – Allow sending OP_SELL type 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 Advisor panel
- Font size in panel – Adjust the font size in the Adviser panel.
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