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Swing MorningFlat

4.75

This Expert Advisor is based on the famous Morning channel breakout strategy.

At the appointed hour, the EA plots a channel using High and Low of the specified number of candles of the selected Timeframe.

Filtering is performed by the size of the channel range.

The BuyStop and SellStop orders with the initial lot are placed at the channel boundaries.

If one of the pending orders triggers, the other one is deleted.

The EA marks the Breakeven price on the chart with yellow icons.

If the price passes the Breakeven level and moves into the profit area for the distance specified in TP_pips, all order of the current series are closed.

If the price reaches the opposite borders of the channel, the EA opens an order in the opposite direction with a lot size increased by the Martin coefficient.


Parameters

  • TF - working timeframe.
  • HourStart - broker time for opening pending orders.
  • FlatBars - the number of bars to plot the channel.
  • Max_Flat - the maximum width of the channel.
  • Min_Flat - the minimum width of the channel.
  • FirstLots - lot size for the initial orders.
  • Martin - lot multiplier when opening subsequent orders in the series.
  • Maximum_orders - the maximum number of orders in the series.
  • SpreadMax - spread limit for opening orders.
  • TP_pips - the number of pips in profit from the Breakeven price to close all orders in the current series.
  • Magic - identification number of the EA's orders.
  • PushError - enable sending push notifications to a mobile terminal when opening the next order is not possible.
  • AlertError - enable Alerts when opening the next order is not possible.
Reviews 4
Wichai Chomvijit
1123
Wichai Chomvijit 2017.12.09 05:23 
 

Best EA, if you using with small lot size. Low DD. I use with real account 1 month ago, Good performance. Thank you for create best EA. I will use this EA for longtime.

Christian Schuller
2200
Christian Schuller 2017.09.16 00:59 
 

Nice work!

RK99
2782
RK99 2017.08.10 12:54 
 

A great ea using morning breakout strategy with hedging method, most of professional traders using this strategy. I've been using it live account for 2 weeks it shows steady results with low draw down. If you're looking for consistent ea that comes with measurable risk, look no further this is the one.

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EA Forex Scalping is an Expert Advisor designed specifically for 3 major currency pairs: EURUSD, USDJPY, and GBPUSD. Signals Only 1 Copy Left Out of 10 at this price Next Price: $298 Available for MT4 and MT5 Recommendation combo: Best used in combination with   EA US30 Scalper   and   Nasdaq Algo   for diversified investment. Not Grid, Not Martingale, Not AI, Not Neural Network, Not Arbitrage. Every trade has a hard-set Stop Loss (SL). SL is different for each currency pair. Each trade is mon
TitanGold AI mt4
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Experts
Titan Gold AI Titan Gold AI — Powerful Trading Advisor for XAU/USD Based on numerous requests from our Aurum AI users, we have created Titan Gold AI — an innovative robot for trading gold (XAU/USD). Titan Gold AI combines time-tested strategies with advanced artificial intelligence technologies, making it a reliable and effective trading tool. Titan Gold - Important Information Important Information! Titan Gold was released on January 1, 2025 . Let me be honest with you: every trading system enc
Infinity Trader EA
Lachezar Krastev
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SPECIAL BIG DISCOUNT ->> Buy Infinity Trader EA with -60% OFF! NOTE: Promo price: $197 (Regular Price: $497) - The offer ends soon! Infinity Trader EA Live Results:  https://www.mql5.com/en/signals/2290275 Infinity Trader EA seamlessly integrates the strengths of Chat GPT and Gemini AI, providing unparalleled market insights and in-depth fundamental analysis. It actively adapts to ever-changing market conditions, identifying statistically significant price patterns with remarkable predictive po
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Vasiliy Strukov
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Bitcoin Smart EA works with the unique MAFilling Trend indicator.  It is a very simple but efficient strategy and the unique and flexible settings makes this EA extremely versatile and will help you to create optimal results for your trades. Works very well on crypto as well as on any currency and gold on m15 or m30 time frame. Real-time results can be viewed  here . Contact me immediately after the purchase to get   personal bonus! Settings  and manual   here  Please note that I do not sell
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pffaustt
210
pffaustt 2017.12.23 05:45 
 

I had been back-testing the demo like crazy and now trying it on a 1 month rental. Tidy little robot that appears to do its job very well. Credit to Andrei as the program and calculations are masterful. It does use martingale though, thus care is required. All in all looks very promising. I'm trading it live now and will report back in time. Four stars for now based on backtesting. Hope to be able to bump it up to perfect soon.

Wichai Chomvijit
1123
Wichai Chomvijit 2017.12.09 05:23 
 

Best EA, if you using with small lot size. Low DD. I use with real account 1 month ago, Good performance. Thank you for create best EA. I will use this EA for longtime.

Christian Schuller
2200
Christian Schuller 2017.09.16 00:59 
 

Nice work!

RK99
2782
RK99 2017.08.10 12:54 
 

A great ea using morning breakout strategy with hedging method, most of professional traders using this strategy. I've been using it live account for 2 weeks it shows steady results with low draw down. If you're looking for consistent ea that comes with measurable risk, look no further this is the one.

Reply to review
Version 1.5 2018.06.22
Improved function closing a group of orders.
Version 1.4 2018.02.15
Fixed displaying profit in pips on the screen.
Version 1.3 2018.01.10
1. Added a limit on the number of orders in the series.
2. Added spread limit for opening orders.
Version 1.2 2017.08.28
Upon customers' requests, added the "CLOSE" button that closes all the EA's orders on a current chart.