[DOWNLOAD-1MB] Project 86 EA MT4

Description

The EA does not use Martingale, Grid and other strategies with an increase in the lot.

The construction of a breakdown system includes the following steps:

1. Determination of the current volatility and the breakdown threshold. The current volatility, in this case, is defined as the difference between yesterday’s daily high and the daily low. The breakdown threshold is set at 70-75% of this value.

2. Setting pending buy and sell orders.

3. Entering into a transaction, placing stop loss and take profit orders. Breakouts occur, as a rule, during periods of consolidation. As can be seen, during the 3 trading bars, there was a decrease in volatility (consolidation), as a result of which the breakdown levels gradually approached the level of the current price, until a breakthrough occurred.

4. Position tracking – setting trailing stop tracking orders as the price moves. As in the trend system, the Bollinger bands are a convenient means of setting trailing stops here.

5. Exit from the transaction. The exit is made either when the price reaches the take profit level, or by a trailing stop or by time. A common option for exiting transactions in systems for a breakout of volatility is to exit at the end of the trading day.

Requirements and recommendations

• Low spreads and high quality execution are important when choosing a broker.
• The EA is attached to only one chart (any of the working pairs and any timeframe) – all trading on all pairs is carried out from only one chart! In the settings you can enable and disable currencies.
• The minimum recommended balance for the EA (when used on recommended pairs and timeframes) is $ 50.
• Leverage of 1: 100 or more is recommended.
• The PC processor should not be overloaded with other programs or advisors ( otherwise, the adviser will not be able to process all the ticks and this is bad for the adviser ).
• Broker with 5-digit and 3-digit quotes.
• We recommend using a VPS with minimal ping to your broker.
• Attention! This EA is only for “hedging” accounts.
• if you use several advisors on the same account, make sure that all the advisors have different Magic numbers