2P-Breakout

Download Type Size
2P-Breakout v1.0 MT4 Expert 24.7 KB
2P-Breakout v1.0 MT5 Expert 58.8 KB

Description

This is a breakout Expert Advisor (EA) designed for NAS100/Gold, applicable to any timeframe.

Once activated, EA immediately begins recording the lowest price of the instrument it is operating on.
When the price moves 1% upward from the recorded low, the EA initiates a long trade.
The SL is set at the previously recorded lowest value, effectively placing it 1% below the entry point.
Upon reaching another 1% increase, the EA begins trailing the SL.

As a result, the EA always exits at either the SL or the TSL.

Backtesting

Breakout
Breakout