Breakout Strategy with Prop Firm Helper Functions – EA MetaTrader 5

Breakout Strategy with Prop Firm Helper Functions - expert for MetaTrader 5
Hello all, This is an update of the “Simple Yet Effective Breakout Strategy”. In this code, I have added some helper functions for prop firm challenges. Generally, to pass a prop firm challenge, you need to satisfied three main criterias: Target profit Not violating maximum daily loss Not violating maximum loss In this code, I … Read more

Simple Yet Effective Breakout Strategy – EA MetaTrader 5

Simple Yet Effective Breakout Strategy - expert for MetaTrader 5
This breakout strategy is the base for our QAlpha StockTrend product:  You can freely modify/add your own filters to create your own unique version of this strategy. The basic premise of the strategy: Buy/Cover as soon as the price breaks above n bars high Short/sell as soon as the price breaks below n bars low Backtested on … Read more

Emilio’s Trend Line Breakout Alerter – indicator MetaTrader 4

Emilio's Trend Line Breakout Alerter - indicator for MetaTrader 4
Author: Emilio Reale is a professional trader that makes some useful tool and places in public domain to help others to use his ordinary daily working tools. The Alerter simply works on 1 or 2 trendlines and plays a sound file when the trendline has been broken so the only think you must do is … Read more

BreakOut + MM + Multi-currencies – EA MetaTrader 4

BreakOut + MM + Multi-currencies - expert for MetaTrader 4
Description: The EA based on break-outs with money management. It is able to trade on multiple pairs. The bot allows you to select one or more Symbol Pairs. It then computes support and resistence values given the price for each Symbol and places incremental orders. Once the global Profit has been reached, it tries to … Read more

Dserg – LinRegression Breakout – indicator MetaTrader 5

Fig.1 The Dserg - LinRegression Breakout indicator.
The real author: Dserg The Dserg – LinRegression Breakout indicator searches and displays consolidation areas and stable channel movement in the chart. If the linear regression channel for the last Nlin bars has the width of no more than 2*range points, then we draw a new channel. In the future you can work at the … Read more

Breakout Bars Trend EA – EA MetaTrader 5

Sell false signal
For the Expert Advisor work you need the BreakoutBarsTrend_v2 custom indicator (download in the MQL5/Indicators folder, and the given Expert Advisor is in the MQL5/Experts folder). The meaning is in the following: the position opens in the trend reversal. If the “Number of false signals” parameter is equal to zero, the position opens on each … Read more