London Breakout MT5
- Experts
- Edgar Elsner
- 버전: 1.77
- 업데이트됨: 3 8월 2024
- 활성화: 10
London Breakout MT5
is the risk-reduced and not overpriced Breakout Expert that trades morning session breakouts of GBPUSD, here offered by the original developer.
!!!Just rent it riskless for only $30 and decide later to buy the unlimited license finally by getting reimbursed by the $30 rental fee!!!
Watch this video before you intend to buy a much more expansive Breakout Expert Advisor: https://www.youtube.com/watch?v=c0UwKrWnoEE&t=2s
Life signal (shows all current life trades without any delay): https://www.mql5.com/en/signals/2190019
By default two stop orders are placed per session. The onscreen panel provides a detailed overall view about system and market status. Furthermore, it includes buttons for active Traders to place additional sessions and/or market orders manually at any time as mechanical experts are not able to catch every further promising trading opportunity during the day's market movement.Unlike experts that use Martingale or Grid strategies, London Breakout MT5 doesn't use such strategies and protects its trades by setting fixed stoploss and in addition, possible drawdowns become limited by the build-in recovery function that balances profitable positions with lower loss positions. Profits are taken by virtual trailing and starts at the preset of "Profit Trail Activation" level or higher if indicator-controlled value exceeds the preset.
The expert is spread- and latency-sensitive. Therefore, it is highly recommended to choose Hedge ECN-accounts of types "RAW" or "Razor" with reliable Brokers like IC Markets, FP Markets, Tickmill, … However, standard accounts are not recommended for their huge spreads!
The build-in News-Reader/-Trader allows to quickly inform on chart about the coming news events and offers setup of trading pauses to start before news of high market impact. It is highly recommended to use this feature as breakout strategies sometimes will fail if the broker doesn’t fill the order at the predetermined price or huge spreads because of extremely high demand. Especially interest rating decisions and Nonfarm Products releases. Furthermore, for continuously operation the expert should become installed on an VPS with locations of low latency like for example New York or London.
Installation is done on the GBPUSD chart whereby the chosen timeframe doesn't matter and even can be changed at any time of the expert's operation status without to affect it. Furthermore, the expert regards only trades of the same Magic Number and Symbol. Therefore, manually entered trades should be entered by the Panel buttons "BUY"/"SELL", if become included in the expert's calculations.
Session opening takes place at GMT hour and does not be needed to adjust. All other trading time settings are taken from the accounts broker server time. For convenience the GMT-hour is displayed beside the server-hour on the Onscreen Panel.
TIP: Backtest in visual tester mode allows to operate the Expert just like in life trading if in the Settings "Display Panel in visual Tester Mode" was set to "true". All the buttons can be utilized.
Features Overview
- Currency pair GBPUSD
- Works in any time frame
- After server restart/fault or expert update contiunes operation of open trades frictionless
- Adding of further order sets repeatedly manually at any time
- Trades with Stop-Loss protection
- Recovery mode optional
- Virtual trailing stop and trailing take profit
- Broker big slippage and big spread protection
- Breakeven recurring touch protection (see screenshot)
- Money Management with Auto-Volume adaption
- News Event Calendar with News-filtered Trading pause optional
- Auto/Manual GMT adjustment
- Onscreen Panel with status information/messages and buttons for manually:
- Opening of new stop order set at any time manually
- Placing Buy/Sell market orders
- Closing open orders
- Show/hide News Event Calendar
- Show/hide Onscreen-Panel by clicking its headline or pushing key ‘s’
>>> For detailed setup and installation instructions: https://www.mql5.com/en/blogs/post/756029
>>> Tips for choosing the right broker and VPS provider:
Professionall and profitable EA, high attention to safety, perfect panel with manual trade and pending orders, News panel. Excellent communication