BREAK OUT EA

       EXPERT ADVISOR:  BREAK OUT EA

June, 2021

This EA will use the following indicators.

 RENKO CHARTS: Preferred

Indicator: CCI

Renko charts and candle sticks must be used to demonstrate the understanding of the project.

LONG TRADE (    Looking for Long Trade after over sold CCI :Below minus 100

·          As the CCI is ascending upward from minus 100 or lower, look for CCI Peak  formed  @ minus 100 or between minus 100 and plus 50.  This is point A

·         Point B is a CCI   peak that was formed before on the left side of the chart. This peak should be greater than X (+ 100 and above

·         Draw a trend line between point A and B

·         A signal is generated when CCI breaks above this trend line.

·         Enter a long trade when CCI breaks above this trend line

·         One trade at a time per trend line  

·         Point B may become invalid if CCI trend is not broken, the next peak becomes the new point B

 SHORT TRADE   ( Looking for short trade after overbought)   CCI above 100

·         As the CCI is descending down from plus 100 or higher, look for trough or valley  formed @plus  100 or between plus 100 and minus 50CCI Trough  is formed between@ or between minus 50 to plus 50   This is point A

·         Point B is a CCI trough or valley formed before on the left side that was formed before. This  trough  should be greater than X ( - 100 and below

·         Draw a trend line between point A and B

·         A signal is generated when a CCI breaks below this trend line

·         Enter a short trade when CCI breaks below this trend line

·         Point B may become invalid if CCI trend  is not broken, the next trough becomes the new point B

·         One trade at a time per trend line

CLOSE TRADE

Take profit in pips

Auto Close Loss pips:  Not be shown on the chart. EA will automatically close the trade at a loss when pips is reached

Trend Line Auto Close: T/F .  When set to true, close trade when the CCI crosses to the opposite side

Trade Once / Continuous: T/F: If set to True, EA will continue to trade. If set to False, EA will trade once and become inactive, remove from chart.

VARIABLES.

•                    Trading Time Start :  

•                    Trading Time Stop     

•                    CCI Value: Variable 14,50 etc

•                      First CCI peak/valley Point B  :     100 means greater than 100     Variable

•                       Second CCI  peak/valley  Point A  Long :  minus 100 to plus 50

•                                                                       Point A  Short : 100 to minus 50

•                    Open lot

•                    Use Auto Lot

•                    Take profit

•                    Auto close Loss pips:

•                    Trend Line Auto Close: T/F

•                    Trade Once/Continuous trading   T/F

•                    Live Trade : T/F   :  For demonstration purpose

•                    Risk Ratio

•                    Consecutive Trade loss deactivation. T/F   : If continuous Trade is set to True, Consecutive trade

            Loss Deactivation   is true

•                    Number of trade loss for deactivation.

•                    Use BE Point

•                    BE point

•                    BE Profit pips

•                    Use trailing stop