Description
This Expert Advisor (EA) trades untested breakouts of variable periods when the market is calm and moving in a predictable way. It is designed for short-term trading and takes advantage of the sharp increase in volatility that occurs when price breaks through a previously untested level. This often leads to a quick profit or a small loss based on a time expiration.
The EA performs best in orderly, liquid markets and may underperform in very short timeframes or thinly traded instruments.
Main Features
- Easy to install, configure, and monitor
- No need for optimization or deep technical analysis
- Automatically sets stop-loss and take-profit levels based on market structure
- Does not use grid, martingale, hedging, or averaging
- All orders are closed on Friday night to avoid weekend risk
- Includes time-of-day and session filters
- Fully NFA and FIFO compliant
Setfiles for the robot
Download the setfiles using the links below.
Usage Tips
- Do not use another EA on the same symbol
- Be patient; the EA trades only when the setup is valid
- Keep the EA continuously loaded to preserve strategy logic
- A different magic number is not required for each symbol
- Use a VPS or keep your computer running 24/5
- Avoid brokers with high spreads, which reduce trading frequency
Technical Information
- The EA uses pending orders placed at bar close
- It will not trade if a weekly or daily gap has not been closed
- Stop-loss and take-profit levels are set based on recent price action
- All pending orders are automatically closed on Friday night
- Pending orders reduce slippage impact
- Session and time filters are ignored on D1 or higher timeframes
- High spreads or volatility will reduce trading frequency
- The EA evaluates bar close, not ticks
- The EA is atomic: trades must be managed uninterrupted; avoid unloading the EA mid-trade
Trading Guidelines
- Minimum deposit: $1,000
- Suitable instruments: Major currency pairs and gold
- Suitable timeframes: D1, H12, H8, H4, H1
Input Parameters
- Trading Direction – Choose if the EA should trade Buy, Sell, or Both directions
- Trading Behavior – Choose the trade logic: Most Breakouts, Detected Ranges, or Confirmed Ranges
- Gap Protection – Enable to block trading until daily or weekly gaps are closed
- Lookback – Number of past bars to scan for breakout range detection
- Entry Range – Minimum range of bars required to qualify as a breakout setup
- Exit Range – Number of bars needed to calculate stop-loss placement
- Expiration – Maximum time a losing trade can remain open
- Filter – Number of higher timeframes used to confirm trade setups
- Break-even – Profit (in pips) at which the stop-loss is moved to break-even
- Break-even Behavior – Set whether SL is moved to open price or to secure partial profit
- Trailing Stop – Percentage of current profit used to trail stop-loss
- Trailing Step – Minimum pip movement to update the trailing stop
- Trade Asian Session – Enable or disable trading during the Asian session
- Trade European Session – Enable or disable trading during the European session
- Trade American Session – Enable or disable trading during the American session
- Trade on Monday – Enable or disable trading on Monday (ignored on D1)
- Trade on Tuesday – Enable or disable trading on Tuesday (ignored on D1)
- Trade on Wednesday – Enable or disable trading on Wednesday (ignored on D1)
- Trade on Thursday – Enable or disable trading on Thursday (ignored on D1)
- Trade on Friday – Enable or disable trading on Friday (ignored on D1)
- Trade on Sunday – Enable or disable trading on Sunday (ignored on D1)
- Close Orders on Friday Night – Enable to close all open and pending orders on Friday night
- Money Management Behavior – Choose between fixed lot size or automatic lot sizing
- Risk Allocation – Percentage of free margin to risk per trade (used if auto lot sizing is selected)
- Manual Lot Size – Lot size for all trades (used if fixed lot size is selected)
- NFA/FIFO Compliant – Enable for US brokers or netting accounts
- Magic Number – Unique identifier to track and manage trades made by this EA
- Custom Comment – Optional trade comment to identify trades on the terminal
- Slippage – Maximum slippage allowed (in points); do not use a value below 10, as it may be ignored by your broker