Forex Daily Breakout Expert Advisor

Forex Daily Breakout Expert Advisor review:

DailyBreakout Version 1.0 is a simple and efficient Expert Advisor built for MetaTrader 4 platform only.

Strategy: daily breakouts

Everyone will find the appropriate settings.

Features

  1. Multicurrency EA
  2. Interval – Daily (D1) only
  3. Working with 4 and 5-digit brokers
  4. Working with no martingale
  5. Automatic lot size or lot fixed
  6. Can be optimized for all pairs

Test results:

Forex Daily Breakout Expert Advisor

Parameters:

  • Enable_Expert = enable/disable the Expert Advisor.
  • magic = magic number.
  • distance = distance in points (10 points = 1 pip).
  • take = target profit in points.
  • stop = loss protection in points.
  • Breakeven = distance in points to move the stop to the trade entry point.
  • Trailing = points trailing stop.
  • Enable_MM = enable/disable the lot based on the account (money management).
  • Risk = lot calculation based on the account balance.
  • lot_fixed = fix the lot (inactive when MM is true).

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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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