OpenEA Break Out Trader

The OpenEA Break Out Trader is a classic breakout trading bot. It buys at previous swing highs and sells at previous swing lows. Sometimes the simple strategies are the most effective. What separates this expert advisor from other products on the market is that all internal variables can be changed and therefore optimized by the user. I believe that all systems need to periodically be adapted to changing market conditions to continue providing an edge. The OpenEA Break Out Trader gives you this exact opportunity.

Furthermore, many prop firms will not allow traders using third party EA’s on their accounts as they do not want many traders to enter and exit the market at the same prices. With all variables modifiable, every trader can find their own unique set of settings which will make the usage of this EA a viable option with these firms.

For an in depth explanation of the strategy and the user inputs, please refer to the attached video (I realize the image quality is low in this recording, I will make a new video in the next days with better quality). Here I show in detail the concept of this EA and also how to optimize it to keep finding edge in the ever changing forex market.

Download pre made set files ready to use here: https://www.mql5.com/en/blogs/post/759400

• No Martingale or other risky strategies used.
• No minimum account balance to use the EA.
• Every position protected by stop loss.
• Easy to use - unlimited support for all users.
• All settings can be modified by the user.