Period Breakout EA

Overview

The Period Breakout EA is a powerful and versatile Expert Advisor designed to capture profitable trading opportunities by identifying key market breakouts. This EA works by determining the highest and lowest price points within a user-defined period. Once the price breaks out of this range, the EA automatically opens a trade in the breakout direction.

Key Features

• Customizable Period : Define the specific time period for calculating the highest and lowest prices, ensuring the strategy is tailored to your preferred trading hours.
• Automated Breakout Trading : The EA automatically detects and trades breakouts as they occur, eliminating the need for manual intervention.
• Money Management System : The Period Breakout EA includes a robust money management feature. If a trade results in a loss, the EA will double the lot size for the next trade, aiming to recover losses efficiently.
• User-Friendly Interface : Simple and intuitive settings make it easy to configure and monitor the EA's performance.

How It Works

• Period Definition : The EA calculates the highest and lowest prices within a predefined time period.
• Breakout Detection : When the price breaks above the highest point or below the lowest point, the EA opens a trade in the direction of the breakout.
• Lot Size Adjustment : If the EA encounters a loss, it will automatically double the lot size for the next trade, helping to recover previous losses while managing risk effectively.

• Metals : XAUUSD / GOLD
• Timeframe : H1 
• Settings : Presets/settings can be viewed in the screenshot provided below.
• Account : We recommended to use cent account with high leverage and low spreads.
• Balance Minimal : Since this strategy calculates lot size based on the distance from the stop loss (SL), it is recommended to have a minimum capital of $3,000 to $5,000 so the robot can open positions with the specified lot size.

This EA has undergone backtesting over the period from 2018 to June 2024 (over 6 years) on Pair XAUUSD/GOLD Timeframe H1.

If you have any questions or need assistance regarding our product, please don't hesitate to reach out. We’re here to help!