Breakdown catcher

Breakdown catcher – EA MetaTrader 5

by

Idea by: Scriptor

mq5 code by: barabashkakvn

The EA works with pending Buy Stop and Sell Stop orders. 

Buy Stop is placed at the High price of bar #1 + “Indent“, Sell Stop is placed at the Low price of bar #1 – “Indent“. 

Program Parameters

  • Stop Loss, in pips (1.00045-1.00055=1 pips) – Stop Loss
  • Take Profit, in pips (1.00045-1.00055=1 pips) – Take Profit
  • Trailing Stop (min distance from price to Stop Loss, in pips – Trailing
  • Trailing Step, in pips (1.00045-1.00055=1 pips) – Trailing step
  • Indent, in pips (1.00045-1.00055=1 pips) – Indent from the High and Low of bar #1
  • Allowable spread, in points (1.00045-1.00055=10 points) – the largest spread permitted
  • Money management: Lot OR Risk – volume calculation type (fixed lot size or risk % per trade)
  • The value for “Money management” – volume or percentage
  • Print log
  • magic number
  IBS_RSI_CCI_v4 - indicator MetaTrader 5

Testing on EURUSD, M1:



https://www.mql5.com/ru/code/23443

Breakdown catcher – expert for MetaTrader 5
📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

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