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Top 10 Forex Expert Advisors in the last decade

Top 10 Forex Expert Advisors in the last decade

August 24, 2021

Newcomers to the forex market often experiment with new techniques and methods to generate profits a

#3 Proven Forex Trading Methods That Work

#3 Proven Forex Trading Methods That Work

June 23, 2021

Intro. Will $500 a day change your life? –ź 1000$ ? Many people dream of getting that kind of money

Top 5 trading robots for profit on forex in 2021

Top 5 trading robots for profit on forex in 2021

May 27, 2021

Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief

The False BreakOut PRO Expert Advisor trades automatically, making buy and sell transactions when the levels plotted on the chart are broken. The levels are plotted by the Expert Advisor, and the trader can move them on the chart, you do not need to specify any numbers in the Expert Advisor settings. The Expert Advisor takes the settings directly from the chart.

Similarly to False BreakOut, the False BreakOut PRO adviser opens buy/sell stop orders when the price goes beyond the levels by a certain distance. Orders can be closed in three stages. 2 lines mark the levels where the first two parts of the order should be closed, the third closing line is the take profit. Each closing line can be deleted, then the position or part of it will be closed by a trailing stop. The Expert Advisor can also be configured to automatically transfer lines to the new highest highs and lowest lows. You can read more about this in the description of the settings.

Videos and images demonstrate what trades False BreakOut PRO makes. All trading operations are performed with the default settings, except for GBPJPY and EURJPY. The settings for these pairs are shown in the third image. The video demonstrates how the Expert Advisor moves the line to set a buy order to a new minimum. Perform testing, turn on the visual modeto see how False BreakOut PRO works. Adjust the speed of testing and use the opportunity to pause it. Just run a test on GBPUSD H4 for July 15, 2014 with the default settings, without moving the line. First, the purchase transaction and then the sale transaction are closed with a profit. Try to use the other examples given, after some practice you will find many other possibilities similar to those shown here. In the comments to the products, you will find tips on trading with the help of an expert Advisor. Also check out the comments, videos and screenshots of False BreakOut EA.

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  • Auto_Moneymanage ‚Äď enables / disables automatic money management.
  • MiniLots ‚Äď if the value is ‚Äėtrue‚Äô, automatic money management works in increments of 0.01.
  • MaximumRisk ‚Äď the risk for each transaction as a percentage of the free margin on the account.
  • Trail_Dist ‚Äď the distance to the price in points at which the trailing stop loss begins (if the value is 0, the trailing disables).
  • Lots ‚Äď the lot size, if automatic money management is disabled.
  • LotsClose1 ‚Äď the lot size for the first part to be closed (if automatic money management is disabled).
  • LotsClose2 ‚Äď the lot size for the second part to be closed (if automatic money management is disabled).
    If automatic money management is enabled, a third of the position will be closed at the first step, and half of the position will be closed at the second step.
  • Erase_Lines ‚Äď if the value is ‚Äėtrue‚Äô, the Expert Advisor erases the drawn lines when it is removed from the chart or at the end of testing.
  • Draw_LinesB ‚Äď if the value is ‚Äėfalse‚Äô, the lines for buy orders are not drawn. It is used to work only with short positions.
  • BarsLineB ‚Äď the number of the last bars on the chart that the Expert Advisor will take into account when choosing minimums for setting lines for triggering buy orders.
  • Modify_LineB ‚Äď if the value is ‚Äėtrue‚Äô, the Expert Advisor moves the line to set buy orders to a new minimum when it appears.
  • Modify_LineBcl ‚Äď if the value is ‚Äėtrue‚Äô, the Expert Advisor is used to close buy orders to a new minimum when it appears. The lines buy_close1 and buy_close2 mark a third of the distance between buy_close3 and the price of placing a buy order. The buy_close3 line is drawn 5 pips below the sell order level so that it is visible on the chart. The take profit level is drawn on another 1 pips lower so that it is also visible.
  • BuyUnderP ‚Äď the number of points by which the Bid price must be below the level of placing a buy order for the Buy Stop order to work.
  • BuyReturnP ‚Äď the number of points above the line of placing a buy order, at this level a Buy Stop order will be placed. Some brokers require that a certain distance between the current price and the price of placing pending orders be observed. In this case, the sum of BuyUnderP and BuyReturnP must be greater than this distance. With the current default settings, the Expert Advisor should work with most brokers without any problems.
  • StopLossB_P ‚Äď distance from the opening price for buy orders.
  • SLtoEntryB ‚Äď the number of profit points that the buy order must reach in order for the stop loss to be moved to the level of the order opening price (if the value is 0, the stop loss is not modified).
  • Min_CloPendB ‚Äď after the specified number of minutes, the pending buy order expires (if it was not executed) and is deleted by the broker. Some brokers do not allow setting an expiration date for pending orders. In this case, this parameter should be equal to 0.
  • HourTradeB-in the strategy tester, testing starts at 0 hours. In some cases, it may be too early. In this parameter, you can set the start time (this parameter also works for real trading).
  • Draw_LinitY ‚Äď if the value is ‚Äėfalse‚Äô , the line for setting sell orders is not drawn. It is used to work only with long positions.
  • BarsLineS ‚Äď the number of the last bars on the chart that the Expert Advisor will take into account when choosing maximums for setting lines for triggering sell orders.
  • Modify_LineS ‚Äď if the value is ‚Äėtrue‚Äô, the Expert Advisor moves the line to set sell orders to a new maximum when it appears.
  • Modify_LineScl ‚Äď if the value is ‚Äėtrue‚Äô, the Expert Advisor moves the lines for closing sell orders to a new maximum when it appears. The sell_close1 and sell_close2 lines mark a third of the distance between the price of placing sell orders and the sell_close3 line. The sell_close3 line is drawn 5 pips above the level of placing buy orders, so that it is visible on the chart. The take profit level is drawn 1 pips higher so that it is also visible.
  • SellOverP ‚Äď the number of points by which the Bid price must be higher than the level of placing a sell order for the Sell Stop order to work.
  • SellReturnP ‚Äď the number of points below the line of placing a sell order, at this level a Sell Stop order will be placed. Some brokers require that a certain distance between the current price and the price of placing pending orders be observed. In this case, the sum of SellUnderP and SellReturnP must be greater than this distance. With the current default settings, the Expert Advisor should work with most brokers without any problems.
  • StopLossS_P ‚Äď distance from the opening price for sell orders.
  • SLtoEntryS ‚Äď the number of profit points that the sell order must reach in order for the stop loss to be moved to the level of the order opening price (if the value is 0, the stop loss is not modified).
  • Min_CloPendS ‚Äď after the specified number of minutes, the pending sell order expires (if it was not executed) and is deleted by the broker. Some brokers do not allow setting an expiration date for pending orders. In this case, the value must be zero.
  • HourTradeS ‚Äď in the strategy tester, testing starts at 0 hours. In some cases, it may be too early. In this parameter, you can set the start time (this parameter also works for real trading)..
  • SoundAlertBuySell-The Expert Advisor can play an audio notification when buy or sell orders are triggered.
  • PopupAlertBuySell-The Expert Advisor can show an alert when placing buy or sell orders.
  • EmailAlertBuySell ‚Äď when buy and sell orders are triggered, an email can also be sent.
  • Text_Buy ‚Äď text for alerts and email.
  • Text_Sell ‚Äď text for alerts and email.
  • SoundFile_HowOften ‚Äď the number of repetitions of the audio signal.
  • SoundFile_Buy ‚Äď the name of the sound file in the ‚Äėsounds‚Äô folder.
  • SoundFile_Sell ‚Äď the name of the sound file in the ‚Äėsounds‚Äô folder.
  • Comment_Buy ‚Äď comment on the order on the chart.
  • Comment_Sell ‚Äď comment on the order on the chart.
  • magic ‚Äď the magic number.
  • The last 8 parameters allow you to change the colors of the linesthat the Expert Advisor draws.

Key Features of Algorithmic Trading Software

24 July 2014

05 August 2014

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