USER GUIDE – Breakout EA
Input Parameter
Initial Strategy SettingBreakout Strategy - Select your Entry Strategy.
Daily Candle Breakout:
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- Buy Trade: When the price breakout from the previous daily candle's high price.
- Sell Trade: When the price breakout from the previous daily candle's low price.
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Zik Zak Breakout:
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- Buy Trade: When the price touches the Upper ZikZak line's price.
- Sell Trade: When the price touches the Lower ZikZak line's price.
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Note - If the current price is already above or below the current ZikZak price then EA will look for the nearest upper or lower ZikZak line for a breakout signal
ZigZag indicator value. Adjust this value when your Breakout Strategy = Zik Zak Breakout
InDepth (ZigZag BK) -
InDeviation (ZigZag BK) -
InBackstep (ZigZag BK) -
Factal Breakout :
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- Buy Trade: When the price touches the Upper Factal line's price.
- Sell Trade: When the price touches the Lower Factal line's price.
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Note - If the current price is already above or below the current factal price then EA will look for the nearest upper or lower factal price for the breakout signal
Insider Bar Candle Breakout :
When some candle is fully inside a candle then it calls an inside bar candle. That is our signal candle. So when a price breakout signals candle high or low price EA will open trade.
Min. Bar In (Inside Bars) - You have to set how many candles you need inside one candle so Ea will consider that candle as a valid signal candle.
Min. Candle Range for (Inside Bars) - You have to set a minimum range of High - Low of the signal candle for a valid signal candle. 0 mean disable
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- Buy Trade: When an open price breakout signals a candle's high price
- Sell Trade: When an open price breakout signals a candle's low price
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Candle Breakout:
Number Of Candle (Candle BK) - You have to set how many candles EA looking for the highest and lowest price to open trade.
Min. GAP for Valid BK (Candle BK) - You have to set a minimum range (in points) of High - Low of the signal candle for a valid breakout signal. Zero value means disabling this filter, EA will open trade any GAP.
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- Buy Trade: When the highest high price breakout from the number of candles you select from EA's input.
- Sell Trade: When the lowest low price breakout from the number of candles you select from EA's input.
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Pivot Breakout:
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- Buy Trade: When the price break on your selected above Pivot level
- Sell Trade: When the price break on your selected lowest Pivot level
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Adjust input value when your Breakout Strategy = Pivot Breakout
Pivot Level - Select which pivot level EA will consider as breakout level.
London Breakout:
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- Buy Trade: When the price cross above the height high from Start Time and End Time.
- Sell Trade: When the price cross above the lowest low from Start Time and End Time.
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Adjust input this value when your Breakout Strategy = London Breakout
Start Time {HH:MM} (London BK) - Breakout zone start time
End Time {HH:MM} (London BK) - Breakout zone end time
Valid Time {HH:MM} (London BK) - Breakout end time. Between end time price not dreakout high price or low price then EA will ignore that day to open trade.
Min. GAP High/Low (London BK) - This value is points. If you set 100 then minimum gap between High price and Low price must be 100 points. Zero value mean disable.
Others Input Parameter-
Minimum Distance To Open Trade - You can set a minimum distance in points to a valid breakout for a new signal.
Extra Padding - You can set padding with your original breakout level. Example - You set Extra Padding = 10 points and your buy pivot level is 1.2000, EA will open buy trade at this level because your set Padddint 10 points so your buy level will be 1.2010 (Your original breakout level + padding value). You can set the negative value as padding like set Extra Paddind = -10 then your buy level will be 1.1990. 0-mean EA will open trade on the original breakout level
Reverse Signal (Breakout) - If you set True, EA will reverse all its default signals. I mean when the Buy signal is found then EA will open a sell trade.