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Box Trade Master

Overview

Box Trade Master is a powerful Expert Advisor (EA) designed to automate breakout trading strategies in the Forex market. This EA allows traders to maximise profits by effectively managing trades based on breakout patterns, freeing you from constant monitoring of the charts.


Advantages

  • Automated Breakout Trading: Automates the process of identifying and trading breakouts, reducing the need for manual chart monitoring.
  • Customisable Settings: Easily adjust risk levels, trade directions, and other parameters to suit your trading style.
  • Versatile Trade Direction: Supports both buy and sell trades, as well as trading in both directions simultaneously.

Features

  • Breakout Identification: Detects and trades breakouts from consolidation patterns efficiently.
  • Chart Annotations: Provides visual indicators on charts to track key levels and trade duration.


Inputs

  • RiskAmtUsd: Risk Amount in Deposit Currency - Define the amount of risk per trade in your deposit currency.
  • BreakoutBoxHeightBufferPct: Breakout Buffer Percentage - Set a buffer percentage to refine breakout level calculations. For example, if the value is set to 10, it means that the breakout levels will be adjusted 10% (of the rectangle's height) away from the top and bottom levels of the rectangle.
  • RiskReward: Risk Reward Ratio - Specify your preferred risk-to-reward ratio for trades.
  • DesiredTradeDirection: Desired Trade Direction - Choose the direction of trades (buy, sell, or both).
  • SlippageInPts: Slippage in Points - Determine the allowable slippage in points for trade execution.


How to use?

  • Set Up the Chart: After downloading the EA, open the chart of the currency pair you want to trade. Ensure that the chart is set to your preferred timeframe for breakout trading.

  • Draw the Box: Identify a box consolidation pattern on the chart. Use the rectangle drawing tool to mark the consolidation range.

  • Configure Stop Loss: Draw the stop loss level on the chart based on your risk management strategy using DrawStopLossOnChartScript (free to download). If no stop loss level is drawn, either the top or bottom level of the rectangle drawn will be used as the stop loss level for support breakout and resistance breakout respectively.

  • Load the EA: Attach Box Trade Master V1 to the chart. Configure the EA’s inputs, such as risk amount, breakout buffer percentage, and desired trade direction.

  • Activate the EA: Ensure that auto-trading is enabled on your MetaTrader 4 platform. The EA will now monitor price movements and execute trades when breakout conditions are met.

  • Monitor and Adjust: While the EA handles trade execution, you can monitor its performance and adjust parameters as needed to optimise your strategy.


















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The DrawStopLevel  script is designed for the MetaTrader 4 (MT4) trading platform. This script allows traders to quickly and easily draw a stop-loss horizontal line on their trading chart. This script is used in conjunction with the Trade Entry Journal Utility ( https://www.mql5.com/en/market/product/ . This script can also be easily integrated into any MT4 trading strategy, allowing for quick visual representation of stop-loss levels.
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Trade Entry Journal is your ultimate solution for streamlining trade entries and journaling. Designed specifically for forex traders, this powerful tool automates the tedious tasks of calculating lot sizes, placing trades, and documenting your trading activities. Say goodbye to manual entries and focus on making smarter trading decisions. Key Advantages: Automated Lot Size Calculation : Calculate the perfect lot size based on your stop loss level and risk amount. The lot size will be adjusted t
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Overview: Trade Close Master is a powerful yet straightforward tool designed for MetaTrader 4 that allows traders to efficiently close all open trades with a single command. This script simplifies the management of multiple trades by automating the closure process, ensuring a seamless trading experience. It is ideal for traders who need to quickly exit positions across various currency pairs and symbols, especially during fast-moving market conditions. Advantages and Features: Ease of Use: Wit
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Discover the power of precise trading with the Box Breakout Alert EA for MetaTrader 4. This expert advisor is designed to help you identify and act on breakout opportunities, ensuring you never miss a profitable trade. Whether you're a beginner or an experienced trader, the Box Breakout Alert EA is your key to smarter, more efficient trading. Key Features and Advantages: Real-Time Alerts : Get instant notifications on your MT4 app when the price breaks out of the defined support and resistance l
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