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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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Hello, my name is Alexander. I would like to introduce you to my new development, the Hercules AI advisor. The advisor is synthesis of Price Action Method and Artificial Intelligence technologies.  It doesn't use  any indicators. The EA works well on Gold  pair. The advisor has shown stable performance for more than 10 years. It does not use dangerous trading methods such as martingale, etc. All transactions are protected by take profit and stop loss. I tried to make the advisor as easy to insta
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Mr James Daniel Coe
4.64 (11)
9 conseillers pour le prix d’un Le dernier bot que vous aurez besoin d’acheter. Ultimate Bot est un Expert Advisor multi-stratégies qui négocie   XAUUSD, GBPUSD, AUDCAD, USDCAD, EURGBP, EURUSD, GBPJPY, USDJPY et EURJPY, en utilisant une combinaison de suivi de tendance, de retour à la moyenne et de modèles de rupture. Chaque stratégie se négocie sur les fonds propres, de sorte que si un groupe est en baisse, les autres réduisent leur risque, en travaillant ensemble pour optimiser les performa
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Marzena Maria Szmit
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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
Daytrade Pro Algo MT5
Profalgo Limited
3.88 (8)
Promotion de lancement : Nombre limité d'exemplaires disponibles au prix actuel Prix ​​final : 990$ NOUVEAU : obtenez 1 EA gratuitement !   (pour 2 comptes commerciaux) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Bienvenue sur DayTrade Pro Algo !   Après des années d'étude des marchés et de programmation de différentes stratégies, j'ai trouvé un algorithme qui a tout ce dont un bon système de tradi
Supply Demand EA ProBot MT5
Georgios Kalomoiropoulos
4.5 (2)
Un conseiller entièrement automatisé basé sur les principes de l'offre et de la demande . Nous sommes la première entreprise à fournir des exigences et des conseils entièrement automatisés. Le trading est désormais devenu plus facile et vous avez un contrôle total sur votre stratégie de trading. Utilisez un panneau de commande graphique pratique. Vous obtenez un logiciel de trading algorithmique de très haute qualité avec plus de 15 000 lignes de code. Exigences du guide ProBot pour les propos
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Bogdan Ion Puscasu
4.91 (77)
Bonjour à tous, je me présente : Je suis Quantum StarMan, le membre le plus électrisant et le plus récent de la famille Quantum EA. Je suis un EA multidevises entièrement automatisé avec le pouvoir de gérer jusqu'à 6 paires dynamiques : AUDUSD, EURAUD, EURGBP, EURUSD, GBPUSD, et USDCAD. . Avec la plus grande précision et une responsabilité inébranlable, je ferai passer votre jeu de trading au niveau supérieur. Voici le truc : je ne compte pas sur les stratégies Martingale. Au lieu de cela, j'uti
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
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Gregory Hay
4.81 (16)
Bienvenue à       Version GoldExcel EA MT5   , trading valide pour la paire de devises XAUUSD (GOLD) du jour. Il a été conçu par notre équipe pour gérer les comptes réguliers, les comptes sponsorisés et les tâches. N'utilisez pas le trading à haute fréquence. See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Le prix initial augmente toutes les quelques semaines. Jin Zhuo       Il s’agit d’une stratégie de day trading qui utilise uniquement des paires d’or. Les paire
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Version 1.3 2024.08.08
version 1.5
Version 1.2 2024.08.08
version 1.2
Version 1.1 2024.07.24
version 1.01