Breakout Line
EA opens the transaction after breaking through the high or low of the trading range. Typically, in the technical analysis of the sample of maximum or minimum indicates the beginning of a new trend (or continuation of the previous), and it is necessary to open transaction in the direction of the trend. EA opens the purchase, if a maximum of trading range was breached and the candle closed above this maximum. For sale is also carried out, only if a minimum of penetration. The number of candles trading range can be adjusted, as it depends on the current market volatility. Advisor may itself determine the desired value of stop-loss and take profit. Do not forget to optimize before you start trading. Also, any adviser need to optimize and after some time the trade.
Input parameters
- Lots - lot size;
- Percentage of free money - percentage of the available funds for opening each new transaction (if Lots = 0, then the item will be calculated from the percent of available funds in the account), it is recommended 1-10;
- max spread - maximum spread for the opening of the transaction (for accounts with floating spread to the transaction is opened when the spread is not too large);
- Magic - Unique Identifier (you need to do it differently if some councilors running in one terminal);
- Take profit - the closing price of the order when the level of profitability;
- Stop loss - the closing price of the order when the level of loss;
- DynamicTPSL - When enabled (true), then Take profit and Stop loss calculated from the width of the punched trading range;
- Number range bars - the number of bars of the trading range, which will be determined by the highs and lows;
- Shift - shift to the right relative to the trading range;
- TimeframeADX - timeframe indicator ADX (indicated in minutes: 15 = 15 minute, 60 = hour);
- PeriodADX - between ADX indicator;
- ADXRelation - dependence of the trading range from ADX indicator (recommended values from 0 to 100);
- Level ADX - ADX indicator level above which can be traded;
- Hour start place orders - hour server time at which to start trading;
- Hour stop place orders - hour server time when the stop opening new transaction;
- ShowInfo - display information (true - show, false - do not show). During optimization better disable to test faster.
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