Forex BreakOut Harvester Robot

Forex BreakOut Harvester Robot review:

This Forex BreakOut Harvester Robot follow the traditional way of technical analysis. It enters the trade when there is a price breakout from resistance or support levels, which are determined based on the selected indicator (HighLow, Zigzag, Fractals). This system provide two type of stoploss; SmartStopLoss and Fixed Stop Loss. With Take Profit and Trailing Stop. The Trailing Stop can be specified in fixed amount or percentage between current highest price and entry price. This system is designed for the H1 timeframe for XAUUSD, EURUSD, GBPUSD, USDJPY or other currencies.

Recommendations

  • Back-test the system first before make a purchase
  • Preferred to use with ECN account type with minimal spread (0.2-0.8 pips)
  • Able to run against big impact new
  • Minimal latency VPS or Hosting server

Test results:

Forex BreakOut Harvester Robot

Parameters:

  • Indicator – Select an indicator to use to calculate the entry price
  • LotType – Select between auto lot and manual lot
  • Risk – If LotType is autolot, risk will be percentage of maximum loss per position. But if LotType is FixedLot, risk will be lot size
  • TakeProfit – Distance to take profit in point from entry
  • TakeProfitPercentage – Between 0-100 %, The percentage to take a partial profit of current position
  • StopLossMethod – Select between FixStopLoss and SmartStopLoss
  • StopLoss – Distance to stop loss in point from
  • TrailingMethod – Trailing Stop method between Fixed Trailing, Percentage Trailing and Smart Trailing
  • TrailingStart – Distance to start modify stop loss in point from entry price
  • TrailingStop – If TrailingMethod is Fixed Trailing, distance to modify in point between market price and current stop loss. If TrailingMethod is Percentage Trailing, Percentage between current highest price and entry price.
  • ReverseOrder – Select between stop or limit order
  • EntryBuffer – Distance the enter before the actual price
  • HighLowPeriod – Only if Indicator is HighLow, Maximum Highest/Lowest price in the period to determine resistance and support
  • RollBack – After it make new high or new low, it need to fall/rise in specific amount before placing new pending order
  • MaxSpread – Use to filter the spread for placing pending order, will delete pending if spread exceed the limit
  • Slippage – Maximum price can be slipped from pending price
  • MagicNumber – Use to determine the EA id
  • ShowInfo – Show general information
  • TimeFilter – If true, it will start trading base on StartHour and stop trading on StopHour
  • StartHour – Start trading hour base on terminal time
  • StopHour – Stop trading hour base on terminal time

Download our other Free Forex Robots For Metatrader 4

Installation

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)

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