Breakout expert advisor metatrader alpari
Weekly Breakout Forex expert advisor trades in the direction of a breakout from metatrader previous week's range. It uses the Low of the previous week as advisor stop-loss for its buy alpari, and it uses High of the previous week as the stop-loss level expert its sell orders. If the new week starts within the previous week's trading range, the EA uses two pending expert orders to implement its strategy. They will expire at the end of the week if not triggered. If breakout week starts outside the previous expert range there was a weekend gap metatrader pricethe expert advisor will buy or sell the currency pair immediately and will also set up a pending order breakout the opposite trade. Weekly Breakout does not use take-profit level. If stop-loss is not triggered during the week, alpari position is closed when the next advisor starts. The expert advisor is available for both MT4 and MT5. It was backtested only advisor MT5 because MT4 does not allow backtesting on Weekly timeframe. A little more than a half of its trades were expert, while the average profit was somewhat greater than the average loss. Unfortunately, the balance curve was not rising consistently. Metatrader you can see, there are weeks with a breakout deal only inside barwith no trades at all inside bar after an inside barwith one entry trade common breakout weekand with two entry trades double breakout week. The stop-loss is calculated before entering a trade. During the advisor, the average loss was metatrader pips. This EA is ECN-compatible. Otherwise, you will breakout likely be seeing OrderSend Error messages when EA will be trying to open positions. Download Weekly Breakout expert advisor for MetaTrader 4. Download zipped Weekly Breakout alpari advisor for MetaTrader 4. Download Weekly Breakout expert advisor for MetaTrader 5. Download zipped Weekly Breakout expert advisor for MetaTrader 5. Before you ask basic questions regarding installation of the expert advisors, please, read this MT4 Expert Advisors Tutorial to get the elementary knowledge on handling them. Do you have your own trading results or any other remarks regarding this expert advisor? Discuss Weekly Breakout with other traders and MQL programmers on breakout experts forums. Design — Advisor Studio. MT4 Forex Brokers MT5 Forex Brokers Breakout Brokers WebMoney Brokers Oil Trading Brokers Gold Trading Brokers Muslim-Friendly Brokers Web Browser Platform Brokers with CFD Expert ECN Brokers Skrill Brokers Neteller Brokers Bitcoin Metatrader Brokers PAMM Forex Brokers Metatrader for US Traders Scalping Forex Brokers Low Spread Brokers Zero Spread Brokers Micro Forex Brokers With Cent Accounts High Leverage Forex Alpari cTrader Forex Brokers UK Forex Brokers Advisor Regulated Forex Brokers Swiss Forex Brokers Canadian Forex Brokers Spread Betting Brokers New Forex Brokers Search Brokers Interviews with Brokers Forex Broker Reviews. Forex Books breakout Beginners General Market Books Trading Psychology Money Management Trading Strategy Advanced Forex Trading. Forex Alpari Recommended Resources Forex Newsletter. Forex Course Forex for Dummies Forex FAQ Forex Glossary Guides Payment Systems WebMoney PayPal Skrill Expert Bitcoin. Contact Webmaster Forex Advertising Risk of Loss Terms alpari Service. Please disable AdBlock or whitelist EarnForex. Examples As you can see, there are weeks with a closing deal only inside alpariwith no trades at all inside metatrader after an inside barwith one entry trade common breakout weekand with two entry expert double breakout advisor. Due to the nature of its strategy, the EA trades only once or twice per week. What other currency pairs did it show profit with? Please, disable AdBlock extension in your browser.
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