Yet another new innovative feature we're bringing to the table. The possibility exists that you could sustain a loss of. Do not act on this without advice from your investment. It's to be noted carefully in this respect, that past. When the market shifts, this is the one of the main settings we end up changing. Default strategy trading just 9 pairs, slow and steady setup.
Weekly Breakout Forex expert advisor trades in the direction of a breakout from a previous week's range. It uses the Low of the previous week as the stop-loss for its buy orders, and it uses High of the previous week as the stop-loss level for its sell orders. If the new week starts within the previous week's trading range, the EA uses two pending stop orders to implement its strategy. They will expire at the end of the week if not triggered.
If the week starts outside the previous week's range there was a weekend gap in pricethe expert advisor will buy breakout ea forex factory sell the currency pair immediately and will also set up a pending order for the opposite trade. Weekly Breakout does not use take-profit level. If stop-loss is not triggered during the week, the position is closed when the next week starts. The expert advisor is available for both MT4 and MT5. It was backtested only in MT5 because MT4 does not allow backtesting on Weekly timeframe.
A little more than a half of its trades were winning, while the average profit was somewhat greater than the average loss. Unfortunately, the balance curve was not rising consistently. As you can see, there are weeks with breakout ea forex factory closing deal only inside barwith no trades at all inside bar after an inside barwith one entry trade common breakout weekand with two entry trades double breakout week.
The stop-loss is calculated before entering a trade. During the backtest, the average loss was about pips. This EA is ECN-compatible. ECN-compatibility for this expert advisor. Otherwise, you will most likely be. This is because, if you are trading with an. ECN broker with market. Download Weekly Breakout expert advisor for MetaTrader 4 Download zipped Weekly Breakout expert advisor for MetaTrader 4 Download Weekly Breakout expert advisor for MetaTrader 5 Download zipped Weekly Breakout expert advisor for MetaTrader 5 Warning!
Before you ask basic questions regarding installation of the expert advisors, please, read this MT4 Expert Advisors Tutorial to get the elementary knowledge on handling them. Do you have your own trading results or any other remarks regarding this expert advisor? Discuss Weekly Breakout with other traders and MQL programmers on the experts forums. Please disable AdBlock or what is option trading pdf EarnForex.
Due to the nature of its strategy, the EA trades only once or twice per week. What other currency pairs did it show profit with?
How to Install and Configure the Dashboard EAX EA
Weekly Breakout Forex expert advisor trades in the direction of a breakout from a previous week's range. It uses the Low of the previous week as the stop-loss for its. Forex Factory provides information to professional forex traders; lightning-fast forex news; bottomless forex forum; famously-reliable forex calendar; aggregate forex. Mar 14, · 'Kasparov' trend following EA Platform Tech and then the BBstop indy indicates a breakout /resumption of the prevailing trend. Forex Factory ® is a.