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Open Market Breakout Pro

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Publicado: 29 marzo 2024

Versión actual: 1.2

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Open Market Breakout Pro

Asesores Expertos
Lorenzo Mancuso
Versión: 1.2
Actualizado: 19 abril 2024
Activaciones: 5

Expert Advisor: OpenMarketBreakout

Preferred Timeframe: H1. This is not hardcoded, try out your own strategy.

General Description: The OpenMarketBreakout Expert Advisor is a powerful tool designed to capitalize on market breakouts during specific timeframes. This EA employs a sophisticated algorithm to identify opportune moments for initiating trades, focusing on breakouts from local high and low points. By harnessing this strategy, traders can potentially capture significant market movements and optimize their trading performance.

Disclaimer: It's important for traders to use strategies that include both winning and losing trades, rather than chasing after unrealistic promises of huge profits. No strategy can guarantee constant success, so it's crucial to manage risks wisely. In essence, success in trading isn't about chasing mythical "holy grails" but about using robust strategies like OpenMarketBreakout that focus on sustainable growth and prudent risk management. With this expert advisor, traders can approach the markets with clarity, knowing that their trading decisions are grounded in a strategy designed for long-term success.

About the autor: Lorenzo Mancuso is a seasoned professional in computer science, specializing in artificial intelligence and engineering. With a master's degree in computer science and over a decade of experience, he has played pivotal roles in leading fintech companies in Europe. His expertise lies in designing and implementing robust and scalable software. Leveraging his skills, this EA offers traders a reliable tool backed by years of industry experience and innovation. Traders can trust in the reliability and effectiveness of this expert advisor for navigating the financial markets with confidence.

Key Features:

Breakout Strategy: The EA specializes in identifying breakout opportunities, leveraging market dynamics to enter trades at optimal moments.
Customizable Parameters: Users have the flexibility to tailor the EA to their preferences through adjustable parameters, including stop loss, take profit, trailing stop, and more.
Automatic and Fixed Lot Sizing: Choose between automatic lot sizing based on account balance or fixed lot sizes for precise risk management.
Intelligent Order Management: The EA intelligently manages orders, including the option to close opposite pending orders and apply trailing stop functionality.
Time-Based Execution: Trades are executed at specific time intervals, allowing traders to align their strategies with market openings and closings.

Parameters:

Profit Settings:
- Stop Loss: Set the desired stop loss level for trades (in points. 30 pips = 300). If set to 0, the EA will automatically set the value to the local peak.
- Take Profit: Determine the take profit target for maximizing gains (in points. 30 pips = 300). If set to 0, the EA will automatically use the Profit Factor parameter.
- Trailing Stop: Enable trailing stop functionality to secure profits while allowing for potential further gains (in points. 30 pips = 300). If set to 0, the EA will automatically use the Profit Factor parameter.
- Profit Mode: Choose between fixed profit targets or dynamic trailing stop strategies.
- Profit Factor: Useful to setup automatically the profit settings.
- Price Mode: Select the reference price for pending order entry. Can be the current market price (Ask/Bid) or the Local Peak.
- Bars Buffer: Define the range of bars used to identify local high and low points (Local Peaks).
- Margin: Specify the additional distance from entry price to set orders. This could be useful to protect you from false signals
Trade Settings:
- Max Trades: Limit the maximum number of concurrent trades for the given symbol (both pending and open).
- Expiration Hours: Set the duration (in hours) for pending orders before expiration.
- Lot Mode: Choose between automatic lot sizing or fixed lot sizes.
- Amount Per Lot: Determine the account balance multiplier for automatic lot sizing. Eg: amountPerLot=100, balance=1000, lotSize=1000/100*0,01 = 0,1
- Lot: Set fixed lot size if applicable.
- Close Opposite: Enable/disable the closure of opposite pending orders when one is triggered.
Algorithm Settings:
- Open UTC Hour: Define the hour for initiating trades.
- Order Close UTC Hour: Set the hour for closing orders.
- Magic Number: Assign a unique identifier for tracking EA transactions in MT4.

Setup: To utilize the OpenMarketBreakout EA, simply attach it to your MetaTrader 4 chart and configure the desired parameters according to your trading preferences. Once set up, the EA will automatically execute trades based on the specified parameters and market conditions.

Backtesting: Prior to live trading, it is recommended to conduct thorough backtesting to evaluate the performance of the EA under various market conditions. Backtesting allows traders to assess the effectiveness of the strategy and fine-tune parameters for optimal results.

Experience the power of market breakouts with the OpenMarketBreakout Expert Advisor and unlock new opportunities for trading success.

For further inquiries or assistance, feel free to reach out to the developer.

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Advertencias El EA contiene un máximo de 6 puntos de entrada, el tamaño del lote de cada transacción es igual al tamaño del lote de la orden multiplicado por 6, por lo que tenga en cuenta no usar un tamaño de lote demasiado grande. La forma de cálculo del tamaño del lote predeterminado no es el porcentaje de capital. Nuestro método de cálculo predeterminado no se ve afectado por el apalancamiento, lo que permite controlar el riesgo con mayor precisión. Se recomienda utilizar un capital de $1000

999 USD

Forex trading bot ai es un robot basado en inteligencia artificial con capacidades de autoaprendizaje. Este robot inicia sus primeras operaciones en función de los parámetros de entrada especificados en la configuración. Cada operación realizada por el robot se registra en un archivo (memorizado). Luego, el robot analiza todas las operaciones cerradas y las condiciones bajo las cuales se cerraron. Si el beneficio total de las operaciones cerradas es negativo, el robot examina los parámetros con

400 USD

AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper

489 USD

The Prisma Expert Advisor is a set of rules that allows you to achieve consistent results on the FOREX currency market thanks to sophisticated open position management, quality money management and opening and closing of positions, where mathematics together with probability play the main role. Prisma is able to work with stability on all major currency pairs and their combinations provided the system is run with a suitable broker that offers favorable conditions for such trading. However, it is

1 300 USD

This Expert adviser developed on Prop Trader VP( Patrick Victor) From No Nonsense Fx. It is an automated trading system that uses 100% technical indicators with very complex settings and some hidden Mathematical calculations to open and close trades. Trade different times for each day. It doesn't use the grid, martingale, or other dangerous money management methods. It has a lot of Entry and Exit Methods, and Every Trade is Stop loss protected. Download Preset file Real account History Acc

666 USD

Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg

2 580 USD

Expert Advisor: BladeRunner Preferred Timeframe : D1. This is not hardcoded, try out your own strategy. General Description : The Blade Runner strategy in forex trading aims to identify and capitalize on potential price reversals by utilizing exponential moving averages (EMAs). Named after the iconic sci-fi film, this strategy involves monitoring multiple EMAs to gauge market momentum and direction. When certain conditions are met, such as the price interacting from above or below specific

399 USD

Expert Advisor : Golden Ace Timeframe: H1. General Description: GoldenAce is an Expert Advisor (EA) that optimize support and resitances breakout trading strategies for the XAUUSD pair. Employing innovative trailing stop mechanisms and tailored trade settings, GoldenAce capitalizes on market dynamics while minimizing risks. GoldenAce represents a sophisticated yet accessible tool for traders seeking consistent returns in the dynamic world of Gold trading. Key Features: Dynamic Trailing St

399 USD

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Versión 1.2 2024.04.19

Improve accuracy in closing orders

Versión 1.1 2024.04.18

Improve trailing stop function