Flexible Breakout EA 1.0

Metatrader (MT4) Expert Advisor

"The key to success is being able to trade your belief systems and have fun."
- Bill Williams
Trade breakouts with complete freedom using the free Flexible Breakout EA. It can trade any breakout period, any timeframe, with pending or market orders, as desired.
  • Easy to use and supervise
  • Customizable trading direction
  • Customizable trading timeframe
  • It can trade using pending or market orders
  • Customizable break-even, stop-loss, take-profit and trailing-stop settings
  • Built-in money management
  • Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols
Boost your trading returns for free with the PZ Flexible Breakout EA, like hundreds of users have already done!

Screenshots

Settings and Input Parameters

When loading the expert to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks. Each functional parameter is explained below.

Trading Settings
Select trading direction, timeframe, trading mode (market orders or pending orders) and the breakout period in bars for the EA trade.
Position Management
This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.
Money Management
In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. I always recommend setting a manual lotsize for each trade.
EA Settings
You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.
Frequently Asked Questions
Is the EA NFA/FIFO Compliant?
Do I need a VPS to run the EA?
Can I interfere with the trades of the EA?
Will this EA interfere with other EAs running in my account?