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Hi Lo Breakout

A system with steady ROI > 10% a month like clockwork! 

Hi Lo Breakout strategy opens and closes trades based on the time of day in relation to the highs and lows of both yesturday and today. It will then trade out these prices using the trade management settings within user inputs.   

For best results see .set file at comment no2.

Features :

  • A purely mechanical system. Simply set and leave.
  • No martingale or grid.   
  • Risks are small per trade.  
  • An optional automatic lot adjustment feature that adjusts lot size to account balance.   
Settings : 

  • Magic Number - Our magic number unique to this EA.
  • Slippage - Stops any trade openning if price is too far away from the price of order.       
  • Lot Size - Lot size in points. 
  • Maximum Spread - Only allows trades when spread is less than.   
  • Stop Loss - Sets size of stop loss in points.
  • Take Profit - Sets size of take profit in points.
  • Trailing Stop  -  Sets size of trailing stop in points.
  • Minimum Profit To Trailing Stop - Sets profit in points required to activate trailing stop.
  • Minimum Profit To Break Even - Sets profit in points required to activate break even. If 0 breakeven isnt activated.
  • Minimum Profit To Lock In At Breakeven - Sets profit we lock in at break even.   
  • Time Of Day System - Sets if we want to use time of day system or simply trade yesturdays high and low.
  • Money Management - True, adjusts lot size depending on trade capital. False, uses fixed lot. 
  • Risk Percentage - Percentage we risk per trade if money management is true.   
  • Start Hour - Sets the starting hour we allow our EA to look for trades.
  • Start Minute - Sets the starting minute.
  • Midday Hour - Sets when we move our sellstop to todays open price.
  • End Hour - Sets when we want to stop our EA looking for trades.
  • End Minute - Sets the ending minute.
Recommended Brokers :
Pepperstone ECN   
IC Markets

I am always open to any feedback, I will try to answer any questions as quickly as possible!

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    4 (1)
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    Zig Zag 123
    Stephen Reynolds
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    5 (1)
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    DESCRIPTION 3 Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the previous bar's High is less than the 3rd bar's High as well as the previous bar's Low to be higher than the 3rd bar's Low. It then predicts the market might breakout to new levels within 2-3 of the next coming bars. Must also be traded during the active hours of the market you want to trade. EG EURUSD 7am - 5pm This
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    Stephen Reynolds
    3 (1)
    This indicator is based on Linda Bradford Rashkes First Cross system. Normally trend based systems follow the trend from beginning to end, but this indicator instead selects a piece of the trend. This approach can be a very reliable alternative way of trading a trend. It waits for the 1st move to become exhausted then enters in anticipation of a sudden surge. The trend if found using a faster momentum indicator. When we get a cross on the 2nd oscillation we get our signal. Hence we capture
    Trendy Trader
    Stephen Reynolds
    Unlike a standard moving average, trendy traders unique algorithm will show you a less choppy signal resulting in a smoother and easier trend to follow thereby making your trading decisions more confident.  Put simply when price moves above the average it signals a bullish trend and when price moves below the average it signals a bearish trend. The trader is then given 2 levels of take profit and a stop loss on each new signal. It can also be added to other trend-following systems for better per
    Filtrele:
    thecoldfire
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    thecoldfire 2023.05.11 15:42 
     

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    İncelemeye yanıt
    Sürüm 1.2 2020.11.11
    1) Modified strategy to time of day system where the pending orders are moved depending on if orders are made or not

    2) Fixed an unrealised problem where converted spread was fixed at 100000 meaning it would only work for eurusd and no other market.

    Line 575 Changed (100000 * _Point) to (conv * _Point)
    Also i organised the spread conversion section it was jumbled up.
    Sürüm 1.1 2020.11.05
    Update 05.11.2020
    Made the title on panel fit better