Daily Breakout EA V1.0 MT4
The Daily Breakout EA V1.0 MT4 is a specialized automated trading solution designed to take advantage of breakout opportunities by identifying key price levels at support and resistance zones. Below, we’ll explore the vital details, including minimum deposit, time frame, and suitable currencies to run this EA, and dive into its trade execution strategy to help traders benefit from market volatility.
Key Features
- Minimum Deposit: $500
- Recommended Time Frame: 1 Hour (H1)
- Suggested Currency Pairs: EUR/USD, GBP/USD, USD/JPY
- Trading Platform: MetaTrader 4 (MT4)
Daily Breakout Ea V1.0
Daily Breakout Ea V1.0
Strategy Overview
The Daily Breakout EA V1.0 MT4 employs a classic breakout strategy that focuses on the market’s volatility during key trading sessions.
How the EA Takes Trades:
- Identifies Key Levels: The EA calculates the previous day’s high and low levels to determine potential breakout points.
- Sets Pending Orders: Based on these levels, it places pending buy and sell orders just above the high and below the low.
- Risk Management: Each trade includes a pre-set stop loss and take profit to manage risk effectively.
- Time-Based Filters: The EA operates during specific trading hours to maximize efficiency and avoid low-volume periods.
Trading Parameters
| Parameter | Description |
|---|---|
| Minimum Deposit | $500 (Recommended for micro accounts) |
| Leverage | 1:100 or higher |
| Time Frame | 1 Hour (H1) |
| Currency Pairs | EUR/USD, GBP/USD, USD/JPY |
| Trading Hours | London and New York sessions |
| Stop Loss | 30 pips (Adjustable) |
| Take Profit | 50 pips (Adjustable) |
| Risk per Trade | 1-2% of account balance |
Advantages
- Automated Trading: Eliminates emotional trading decisions.
- Optimized Entries and Exits: Based on statistical data and market analysis.
- Customizable Settings: Adjust parameters to fit your trading style.
- Consistent Performance: Aims for steady returns over time.
Getting Started
- Download the EA: Get the Daily Breakout EA V1.0 MT4 from our website.
- Install on MT4: Follow the installation guide provided.
- Configure Settings: Adjust the parameters according to your risk tolerance.
- Start Trading: Activate the EA during the recommended trading hours.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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