Name: Brakeout_Trader_v1
Rating: 3.9565217391304346 (23 reviews)
Author: Vladimir Karputov

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Published by:

Vladimir Karputov

Views:

5745

Rating:

(23)

Published:

2017.03.22 16:06

Updated:

2018.02.22 14:22

Brakeout_Trader_v1.mq5 (20.83 KB) view

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Author of the idea — Volodymyr Neborachko, Author of the MQL5 code — barabashkakvn.

The Expert Advisor opens a deal in the breakout direction — the breakout level should be set manually. It is possible to configure the EA to trade only Buy or only Sell:

Brakeout_Trader_v1 inputs

Breakout is determined based on the Close prices of the first and second bar. Upward breakout condition:

//--- Buy
   if(iClose(1)>AppPrice && iClose(2)<=AppPrice)

Downward breakout condition:

//--- Sell
   if(iClose(1)<AppPrice && iClose(2)>=AppPrice)

The Expert Advisor calculates the lot value dynamically depending on the specified risk percent of free margin.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17582

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