The ROMAN5 Time Breakout EA includes the Advanced TrailingStop break-even feature. It automatically draws blocks that show breakouts of support and resistance levels for the day. If the price is below the support line, it is a sell signal. If the price is above the resistance line, this is a buy signal.
The Advanced TrailingStop function works with 6 indicators: Fractals, Parabolic SAR, Bollinger Bands, Heiken Ashi, Moving Average, and a combination of Fractals Parabolic SAR. Advanced TrailingStop automatically moves the stop loss according to the selected indicator.
The ROMAN5 Time Breakout EA can be used on any chart. It also provides audio notifications that are played every time a signal appears. Additionally, the email notification function is available. Your email address and the SMTP server address must be specified on the “Mail” tab in the settings of MetaTrader 5.
If you set SL=0, the stop loss will be controlled by the parameter UseBreakOutStopLoss=true:
- For buy positions the stop loss will be set at the support level;
- For sell positions, the stop loss will be set at the resistance level.
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