Consolidation Breakout – EA MetaTrader 4

“Consolidation Breakout” naked trading price action EA draws 3  Trend Lines with “Fractals” on chart and trades after convergence breakouts,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

The concept of this price action EA is:

Naked trading-Trade after consolidation breakout.

Try it on demo first.

You choose how to trade: only with the price of open candle or every tick !

If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

I combined together a simple EA with two moving averages and Trend Line,

The Trend Line do not work on test mode,

The optimization tests can be performed only with moving averages,

In live trading only, Trend Line and moving averages will work together,

During tests, the EA  only draws the Trend Line on the screen in  visual mode without considering it in the creation of trades,

You need to perform back test with “open prices only” option,

The Trend Line will function as a filter .

In this situation the probability of winning trades increases.

Inputs

•  Use_TP_In_Money- Use Take Profit In Money (values:true/false).
•  TP_In_Money- Take Profit In Money   (values: 10-100).
• Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
• TP_In_Percent- Take Profit In Percent (values: 10-100).
• Enable_Trailing-Enable_Trailing with money  (values:true/false).
• Take Profit In Money (in current currency) (values: 1-100).
• Stop Loss In Money(in current currency) (values: 1-100).
• Exit=Enable Exit strategy (values:true/false).
• Lots – Lots size (values: 0.01-1).
• Lots size Exponent  (values: 1.01-2).
• IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
• Stop_Loss – Stop Loss (values: 30-500).
• MagicNumber – Magic number (values: 1-100000).
• TakeProfit – Take Profit (values: 50-200).
• FastMA – Fast Moving Average (values: 1-20).
• SlowMA – Slow Moving Average (values: 50-200).
•  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
•  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
• UseEquityStop –  (values: true).
• TotalEquityRisk- (values: 0.01-5).
• Max_Trades(1-5). 
• IF YOU USE ONLY 1 TRADE:
• //////////////////////////////////////////////////////////////////////
• TrailingStop-set a value from 40 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop loss.
• FractalNum= Number Of High And Low(values: 1-10).
• USETRAILINGSTOP-If use trailing stop (values:true/false).
• WHENTOTRAIL-When to trail (values: 40-100).
• TRAILAMOUNT-Trail amount (values: 40-100).
• Distance From Candle -Distance From Candle (values: 1-100).
• USECANDELTRAIL=If use trailing stop (values:true/false).
• X=2-number of candles (values: 1-100).
• USEMOVETOBREAKEVEN-Enable ” break even ” (values: true/false).
• WHENTOMOVETOBE-When to move break even (values: 1-30).
• PIPSTOMOVESL=30-How much pips to move stop loss  (values: 1-30).
• //////////////////////////////////////////////////////////////////////

• You need to optimize this EA once  a week and use the exact same  inputs from above .

  You can use it as  hedging grid EA or a single trade EA.
  

  • How to perform back test:https://bit.ly/2CD7XWD