Forex Breakout Professional

The Forex Breakout Professional Edition Robot offers the trader the ability to trade any strategy on any currency during any time frame. With a built in magic number a trader can use multiple instances of the Robot on the same platform.

This way you can trade the London Open with one set of parameters and also trade the New York open on the same currency but with different trading rules on the same meta trader platform.

There is also a "day" selector that enables you to pick the days of the week you want the EA to trade.

Also included is the ability to whose a moving average as a qualifier or trend indicator to enable you to determine the trend during the session prior to placing a pending breakout trade.

If you wish to bracket the trade. i.e. place a long and a short at the end of a predetermined time period the EA has an OCO feature so that if your long order is triggered the short is automatically cancelled and vice versa.

Look at the screen shots of the inputs to see all of the settings that can be adjusted

Magic Number
The ‘magic number’ is used by the robot to keep track of its trades. If you trade the EA on different currencies or use different instances of it for the London open and the New York open make sure you use a different magic number for each.

Trade Comment
The Trade comment is being used to make it easy to distinguish manual orders, and orders placed by other robots, from the ones that have been placed by the Sure forex breakout robot. The default comment is "Sure FX breakout". You can change this to identify different instances of the EA

Risk Percent
The risk percent age is the amount of money risked as percentage of the available free margin per trade. If Risk Percent is set to 0 the robot will use the ‘fixed lots’ value.
The default value is 1 percent, and can be considered low risk. 2 -3 percent corresponds with medium risk and 4-5 percent is considered to be high risk. It is not recommended to exceed 5 percent risk.

Fixed Lots
Fixed Lots is being used as Risk Percent is set to 0. Fixed Lots has to be larger than 0. If there is not sufficient available margin left on your account, for the given Fixed Lot value, the trade will not be placed by the Sure forex breakout robot.

Take Profit Pips
Number of pips used for taking profit.

Take Profit Pips is Box Size
If set to true the Take Profit at the size of the trade box

TP Multiplier Box Size
If set to 1.0 the TP is the box size if set to 0.75 the TP is 75% of the box size

Take Pips Additional
This allows for a second TP at the number of pips set.  For example if set to 20 the half the trade will close when this level is hit

Stop Loss Pips Long
For long (Buy) orders the Sure forex breakout robot uses this value as a stop loss.

Stop Loss Pips Short
For short (Sell) orders the Sure forex breakout robot uses this value as a stop loss.

Stop Loss is Box Size
If set to true the SL is the size of the trade box

SL Multiplier Box Size
If set to 1.0 the SL is the box size if set to 0.75 the SL is 75% of the box size

Trailing Stop On
If Trailing Stop On is TRUE a trailing stop will be used as soon as the order hits the number of pips in profit stated in Trailing Stop Pips

Trailing Stop Pips
This is the number of pips used by the trailing stop

Trailing Stop is Box Size
If true the trailing stop is set to the size of the box

TS Multiplier Box Size
If set to 1.0 the TS is the box size if set to 0.75 the TS is 75% of the box size

Brake Even
If Brake Even = TRUE the stop loss will be set to the open price as soon as the order is in profit by the amount of pips stated in Brake Even Pips. From this point onwards the order can only end up in profit or break even.

Brake Even Pips
Number of pips the trade must be in profit before the Stop Loss moves to Break Even. If Break Even = TRUE.

Brake Even Pips is Box Size
If set to true the brake even is set to the box size

BE Multiplier  Box Size
If set to 1.0 the BE is the box size if set to 0.75 the BE is 75% of the box size

Add Spread To Take Profit
If TRUE the spread is added to the take profit. If, for example, the take profit is set to 75 pips and the spread is 3 pips, the new take profit becomes 78 pips.

Add Spread To Stop Loss
If TRUE the spread is added to the stop loss. If, for example, the stop loss is set to 20 pips and the spread is 3 pips, the new stop loss becomes 23 pips.

Minimum Box Height Pips
If set to greater than 0 it becomes a qualifier for the trade.  If your example you set it to 30 and the height of the trade box is less than 30 the EA will not place a trade

Maximum Box Height Pips
 If set to greater than 0 it becomes a qualifier for the trade.  If your example you set it to 100 and the height of the trade box is more than 100 the EA will not place a trade

 

Buffer Size Pips
This is the number of pips outside of the trading range the EA adds before placing a pending order.  This is used to filter out “noise” in the market.

GMT shift
The EA automatically sets the GMT shift to your broker.  You can set it manually by using the instructions below. To calculate the GMT offset for your broker click the market watch button on your metatrader, your broker time will be displayed at the top of the box above the currency pairs.

• Please note: If your Market Watch is frozen that means that your broker is on the weekend holiday and that broker time is not valid for GMT offset. You should wait until your broker is on the trading day to set the proper GMT offset value!

• Let’s pretend it says 18:00.  Then find out GMT here  http://wwp.greenwichmeantime.com/  let’s pretend GMT is 20:00. Then you know that the GMT setting for that broker is GMT +2.  Keep in mind that some brokers change with daylight savings time.
•  Ask your broker about their GMT Offset if you are not sure!

EMA period
The robot uses an ‘Exponential Moving Average’ for its calculations. This enables the EA to recognize the existing trend in the market and place just one pending order in that direction.  The higher the number the larger the trend

Use OCO
If set to True this overrides the EMA period and the EA places both a buy and a sell pending order on either side of the trade box

Leave Pending OCO Order Live
If set to true both pending orders remain

Expiration Minutes
This is the number of minutes after which the pending orders will expire if not triggered

Trade Hour
Sets the hour the box forms

Trade Quarter
Sets the time box forms in 15 minute increments

Number of Bars
Sets the number of 15 minute bars the EA look back to form the trade box

Trade On Days
Here you can set which days the EA trades

Box Color and Box Edge Color
You can change the color of the box that and the color of the buffer

30 Days no question asked refund guarantee according to seller terms and conditions.

 

DISCLAIMER

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Past results are no guarantee of future returns. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.