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High Low Breakout

The Breakout Scalper is a trading script that automates the process of placing trades based on high and low breakout points. It is developed to work on the MetaTrader platform, leveraging the MQL5 programming language. The bot is designed to identify potential breakout points and execute trades accordingly, aiming to capitalize on market momentum following significant price movements.

Key Features

  1. Trading Strategy:

    • High-Low Breakout: The bot identifies potential breakout points by analyzing the highest and lowest prices over a specified period. It places Buy Stop orders at breakout highs and Sell Stop orders at breakout lows.
  2. Customization and Input Parameters:

    • Trade Settings: Includes parameters for enabling/disabling buy and sell trades, setting the trading volume (lots), and defining take profit (TP) and stop loss (SL) points.
    • General Settings: Allows customization of risk percentage, trading timeframe, and a unique magic number to distinguish trades made by the bot.
    • Advanced Settings: Features a trailing stop mechanism to lock in profits, trigger points for the trailing stop, and new SL points.
    • Trade Time Settings: Configurable trading hours and days to control when the bot is active.
    • Additional Settings: Includes order distance from the current price, order expiration time, and maximum slippage and spread allowed.
  3. Trade Execution:

    • Buy and Sell Orders: Executes Buy Stop and Sell Stop orders based on identified breakout points.
    • Trailing Stop: Adjusts the stop-loss levels as the market moves in the trade's favor, securing profits.
  4. Utility Functions:

    • Order and Position Management: Functions to count current positions and orders, ensuring the bot only places new orders if none are currently open.
    • High and Low Calculation: Functions to find the highest high and lowest low prices over a specified number of bars.
    • Order Validation and Deletion: Checks the validity of orders and deletes those that are no longer relevant.
    • Time and Day Filters: Ensures trades are only placed within specified trading hours and days.
  5. Safety and Risk Management:

    • Risk Control: Configurable risk percentage to limit exposure per trade.
    • Slippage and Spread Control: Parameters to set maximum allowable slippage and spread, ensuring trades are executed under favorable conditions.

Usage

The Breakout Scalper is suitable for traders looking for an automated solution to trade breakouts in various markets, including forex, stocks, and commodities. It is ideal for those who prefer a systematic approach to trading, leveraging predefined rules and parameters to eliminate emotional decision-making.


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9 asesores por el precio de uno El último bot que tendrás que comprar. Ultimate Bot es un Asesor Experto multiestrategia que opera   con XAUUSD, GBPUSD, AUDCAD, USDCAD, EURGBP, EURUSD, GBPJPY, USDJPY y EURJPY, utilizando una combinación de patrones de seguimiento de tendencias, reversión a la media y ruptura. Cada estrategia opera en base a la equidad de la cuenta, por lo que si un grupo está en reducción, los demás reducen su riesgo, trabajando juntos para optimizar el rendimiento. Una confi
FT Gold Robot MT5
Marzena Maria Szmit
4.35 (48)
Introducing the FT Gold Robot MT5, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with XAUUSD pairs . With its advanced analytical capabilities, FT Gold Robot constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every day (you
Waka Waka EA MT5
Valeriia Mishchenko
4.1 (39)
EA has a live track record with 4.5 years of stable trading with low drawdown: Live performance MT4 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make p
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Profalgo Limited
3.88 (8)
Promoción de lanzamiento: Número limitado de copias disponibles al precio actual Precio final: 990$ Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files ¡Bienvenido a DayTrade Pro Algo!   Después de años de estudiar los mercados y programar distintas estrategias, he encontrado un algoritmo que tiene todo lo que necesita un buen sistema de trading: Es corredor independiente Se propaga independiente Muestra p
Supply Demand EA ProBot MT5
Georgios Kalomoiropoulos
4.5 (2)
Asesor totalmente automatizado basado en el principio de oferta y demanda . La primera empresa en ofrecer asesoramiento de oferta y demanda totalmente automatizado. Operar ahora es aún más fácil y le brinda control total sobre su estrategia comercial. A través del conveniente panel gráfico de operaciones. Obtiene un software de comercio algorítmico de altísima calidad con más de 15.000 líneas de código. Requisitos Guía ProBot de la propuesta de EA El desafío Trading Prop Firms y completar to
Quantum StarMan
Bogdan Ion Puscasu
4.91 (77)
Hola a todos, permítanme presentarme: Soy   Quantum StarMan,   el miembro más electrizante y fresco de la familia   Quantum EA   . Soy un EA multidivisa totalmente automatizado con el poder de manejar hasta 6 pares dinámicos:   AUDUSD, EURAUD, EURGBP, EURUSD, GBPUSD y USDCAD   . Con la máxima precisión y una responsabilidad inquebrantable, llevaré su juego comercial al siguiente nivel. Aquí está el truco: no confío en las estrategias de Martingala. En lugar de ello, utilizo un sofisticado
Big Forex Players MT5
Marzena Maria Szmit
4.8 (40)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
Gold Excel MT5
Gregory Hay
4.81 (16)
Bienvenido a       Versión GoldExcel EA MT5   , negociación válida en el par de divisas XAUUSD (GOLD) del día. ¡Diseñado por nuestro equipo para trabajar con cuentas regulares, cuentas patrocinadas y tareas! ¡No utilice operaciones de alta frecuencia! See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller El precio de oferta inicial aumenta cada pocas semanas. Jin Zhuo       Es una estrategia comercial de un día que utiliza únicamente pares de oro. El par de oro es ideal
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Versión 1.3 2024.08.08
version 1.5
Versión 1.2 2024.08.08
version 1.2
Versión 1.1 2024.07.24
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