Market / MetaTrader 5 / Experts /

Daily Range Breakout

30 USD

Demo downloaded: 310

Published: 26 December 2022

Current version: 1.11

Daily Range Breakout

Experts
Kai Petersen
Version: 1.11
Updated: 31 January 2023
Activations: 5

Daily Range Breakout EA is a breakout strategy with buys when close of current bar is lowest in past N bars and price of next bar is greater than close of previous bar. Condition for sell trades are the opposite.

The idea is based on Larry Williams Smash Day strategy.

I trade this strategy live and it works in multiple markets. It works best in Daily timeframe.

Not Martingale/Grid Strategy. Real result with stop loss.

You can reproduce the result for Gold using the default parameters.

IMPORTANT! Contact me immediately after the purchase to get a bonus EA!

Send me a message on MQL5

Or Email me: funfunX a protonmail d com (replace X with the answer of (1+2+3+...+10)/55)

Trading Pairs	EURUSD, US500, GOLD, Other
Timeframe	Daily
Minimum Deposit	100 USD
Leverage	1:100 (Can be higher)
Broker	Hedging Account

Instructions

Set Files

Input Value:

magicNumber - the number for the EA to recognize it’s own positions

lot - lot size

tradeLong - True/False whether the EA trades long positions

tradeShort - True/False whether the EA trades short positions

useTakeProfit - True/False whether the EA uses take profit

useStopLoss - True/False whether the EA uses stop loss

takeProfit - take profit value

stopLoss - stop loss value

useDefaultClose - True/False whether the EA uses default close condition. Default condition: close is profit greater than 0 and position is held for more than minPositionHoldDay

minPositionHoldDay - minPositionHoldDay for default close condition

lookBackPeriod - look back period of the breakout, larger the value, less trades will occur

useDiffThreshold - filter trades by taking trading only if the change in price is greater than diffThreshold.

Change in price is calculated by (lookbackHigh - lookbackLow) * 100 / currentClose.

diffThreshold - change in price threshold value

Past performance does not guarantee future returns.

Forex and CFD trading involves significant risk to your invested capital.

more...

116

acer56 2023.01.07 03:49 #

Wonderful simple and effective ea for a fair price. With further functions like a trailing stop, time stop and a antisignal-function it would be perfect. The seller answers very fast and gives a free ea as a gift.

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acer56 2023.01.07 03:49 #

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Version 1.11 2023.01.31

Fixed bug for closing each open position when running the EA in multiple symbols(multiple charts)

If there were only one open position previous version code was correct.