Forex ATR BreakOut Robot review:
About The Forex ATR BreakOut Robot
100% automated safe trading robot. This is a breakout system using Average True Range levels as breakout detection.
Two market heading direction analysis modes by Moving Average;
One direction mode – Market analysis for single direction Buy or Sell
Double direction mode – Market analysis for multiple direction both Buy and Sell
Smart reversal backup system – Spots possible scenarios for reversals with several pending/market order combinations to select from
Does not use any kind of dangerous trading techniques as martingale,hedging,arbitrage or any other
Adjustable breakout range for ATR current levels to determine how many pips market has to move below/above before action taken
Adviser can work on any time frame and currency pair (Not default settings,see ‘ How to use ATR BreakOut and optimize’)
Risk assessment – Trade with fixed lots or dynamic position size risk percent
Weekday and trading time management let’s you select what days to trade or not and time intervals
Requirements to use ATR BreakOut
ECN account – Stop level 0 – Low spread
VPS for best performance – Not mandatory!
At least a deposit of $100 to start with based on 1:500 leverage
Periodically new presets if needed for currency pair EurUsd time frame M15 – Check availability
How to use ATR BreakOut and optimize?
Trading -With default settings you use this trading robot on EurUsd M15
Optimizations – Short periods like 1-3 months on ‘Every tick’. Default settings was only optimize during a short period of month ‘June 2020’ and works good with current market.
What you shouldn’t do
Assume that default settings last forever
Assume that default settings works on everything and every period you test on
Thinking there’s a lot of other presets around for other assets
Trade with money you can’t afford to loose
ATR BreakOut settings
Look at screenshots
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)