Breakout EA and indicator

Breakout EA is a Momentum Break out indicator EA, Which filters the time zone and daily Pivot channel. The Strategy pursuing the trend direction accordance of momentum, also it filters with time zone and pivot channel to avoid false momentum breakout.

Expert Advisor trades on All Pairs using market orders. It’s using default indicator and trend following on pattern. The indicator's signals are verified by Elder-Ray. Trailing Stop Loss are based on ATR.

Final EA will be in mq4 format

Default setting:

• MagicNumber = 2222
• StopEA = false - Stop/Disable the Expert Advisor
• TimeFrame = H1(M1,M5,M30,4H and so on)

Trading hours

• Asian session
• Starttime(HH:MM) = 02:00 - EA Start Hour
• EndTime(HH:MM) =  03:00 - EA End Hour
• European session
• Starttime(HH:MM) = 09:00 - EA Start Hour
• EndTime(HH:MM) =  10:00 - EA End Hour
• USA session
• Starttime(HH:MM) = 15:00 - EA Start Hour
• EndTime(HH:MM) =  16:00 - EA End Hour
• Other market session
• Starttime(HH:MM) = 10:00 - EA Start Hour
• EndTime(HH:MM) =  20:00 - EA End Hour
•  

Trade setting

• Lots = 0.01 -Fixed Lot Size
• StopLoss = 40 - Stop Loss
• TakeProfit = 50 - Take Profit
• MaxSlippage=4
• Slippage =5
• MaxSpreadAllowed = 3.5 - Maximum Spread Allowed (Not recommended more than 5 Pips(50 Points)
• Buy Trades=True
• Sell Trades=True
• Total number of buy trades=10(total trades not exceed that limit)
• Total number of sell trades=10
• DelayOrderInSeconds=False
• ExitOnDayEnd = true  Exit all trades daily at the end of the day and adjusts the time automatically for all brokers

Money management=True

• RiskInPercent = 1 - Change Percentage of Risk in Trade(0 for false)
• Step(0 value for false)=300 points(Martingale steps and third step will be 350 and then 400 and so on)
• LotMultiplier1=1.5(lot multiplying value if Step is true)
• Decreaser= (when the number of orders increases inversely percent of profit decreases)

Trailing Setting=True (Added 3 Trailing Stop Profit)

• BerakEven = true - Enable/Disable Break Even
• LockFirstProfitinPips =    20 - Lock First Profit in Pips to safe the trade
• LockFirstProfitPercent = 50 - % of Lot size to be lock to safe the trade
• Lock2ndPrfit=True
• Lock2ndProfitinPips     = 50 - Lock First Profit in Pips to safe the trade
• Lock2ndProfitPercent  = 50 - % of Lot size to be lock to safe the trade
• Securre2ndProfit=10
• Lock3rdPrfit=True
• Lock3rdProfitinPips    =100 - Lock First Profit in Pips to safe the trade
• Lock3rdProfitPercent  = 50 - % of Lot size to be lock to safe the trade

Loss Recovery order Setting

• ReverseTrade = true - Enable/Disable Reverse order in case of SL hit (Lot order will be multiplied LotMultiplier2 the previous order ,this will continue till profit is gained )(if EURUSD 0.01 buy hit SL, EURUSD sell 0.02 will on and it hit sl again it will again buy EURUSD with 0.04 lot and so on till profit is gain  )
• Lotmultiplier2=2
• ReverseOrderRiskInPercent = 2 - Reverse Order Risk Percentage

Using indicators/filter setting= true/false

• MainSMA = 200 - Main SMA Filter Value
• RevSMA = 50 - Reverse SMA Filter Value
• Doublefilter=false
• DailyMaxPips = 250 - Trade is Allowable when Max. range < DailyMaxPips
• RSI Filter=false
• RSIPeriod=25, Apply to=Close, level=30 to 70
• CCI=False
• CCIperiod=49,Apply to=Typical Price(HLC/3),level=-100 to100
• Bollinger Bands=False
• Bollinger BandPeriod=69,shift=0,Deviation=2,applyto=close
• CandleClosedOnPivot=false(confirmation by Pivot on Candle Close)
• AddLOTFilter=True

Gap Setting

• OrderGap=0.05
• SLGap=0.05
• NewsGap=0.05
• CandleGap=0.05

Advance Setting

• DynamicSL=False
• StopOnMonth = 12 - Stop Trading @ this month
• CloseTradesOnFriday=True
• DelayInSeconds=3

Manual Breakout=true/false

• BuyStop Value=50 (Close Sell stop when Buy stop triggered )
• SellStop Value=50 (Close Buy stop when sell stop triggered )
• Allowed Time= true
• Allowed Time (HH:MM) = When no trades taken in required time then cancel both pending trades.
• Trailing Setting=True (Added 3 Trailing Stop Profit)(as above)

• Sell limit for both(Buy/Sell) pending orders Sell limit =300 points    (ignore if adjusted in Trade Setting)
• Take profit=300 points (ignore if adjusted Trade Setting )