Breakout Scalper is an efficient EA that trades on EU and US Market Open events. It assesses the strength of the signal and decides to trade with a fixed risk and profit.
Best results are achieved on Major indices such as NAS100 and DJ30.
NO martingale, grid or averaging, each trade starts with a Stop Loss.
Myfxbook account: myfxbook.com/portfolio/mt5-1189635/9539626
Parameters:
- Entry lots (1): Specifies the lot size for each order.
- Slippage (1000): Specifies the maximum allowed slippage
- Stop Loss (0): Stop Loss pips
- Take Profit (0): Fixed Take Profit, if set to 0, automatic selection is active.
- Market Open Hour in GMT (Strategy tester doesn't support GMT): Specifies the hour when the EU or US market opens
- Market Open Minute in GMT: Specifies the minutes when the EU or US market opens
- Offset from market open in seconds: Specifies the delay from market open time to open orders.
- Close all trades and stop trading if equity reaches (0 - Disabled): if the total account equity reaches this absolute value, trades will be closed and the EA will stop working
- Magic Number: EA unique ID when running multiple instances on the same account.
The algorithm was backtested with vantagefx broker historical data.
The instrument on the screenshot is DJ30 on td365.
Recommended timeframe: 5M
Recommended brokers: asymmetric slippage, tight spreads.
Recommended VPS: <30ms
If you are using multiple charts on the same account, remember to change the Magic Number for each EA.
If you have any questions, please contact me through telegram @dmilicevic.
Risk Disclosure
Futures and forex trading contains substantial risk and is not for every investor.
An investor could potentially lose all or more than the initial investment.
Risk capital is money that can be lost without jeopardizing ones’ financial security or life style.
Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.