This Price Action Robot is a price action based Breakout Robot that is Free to Download. This automated system is engineered to execute trades by capitalizing on significant price level breakouts, a technique with roots as old as the markets themselves.
The Breakout Robot is a testament to the enduring power of breakout strategies, which professional traders and hedge funds have utilized for decades. The system’s core strategy hinges on price action to determine important price levels for trades. The price action robot gives traders a formidable edge by not using commonly used yet often lagging indicators.
It does not use dangerous trading methods like martingale or grid. Additionally, it doesn’t open more than one trade at a time; trades are opened using pending orders. All transactions are always protected by a small Stop Loss and take profit.
This price action robot can trade with a fixed lot or use an auto lot and increase the transaction size automatically, which is a useful feature for traders looking to grow their portfolios exponentially. This feature allows the system to adjust the transaction volume based on the deposit size, factoring in the profits earned. The maximum drawdown percentage is low for this Breakout Robot, which allows using this adviser on a small deposit.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how this Breakout EA works, then only use it in a real account.
Recommendations for Breakout Robot
- Minimum account balance of 100$.
- Work best on USDJPY, EURUSD, and GBPUSD. (Work on any pair)
- Work best on H1 TimeFrame. (Work on any TimeFrame)
- This price action robot trades at a strictly specified GMT time. The standard GMT offset is GMT+2 in winter and GMT+3 in summer. If your broker’s timezone is different, you should change the “GMT Offset” input parameter.
- This Breakout Robot should work on VPS without interruption and low latency to reach stable results. So we recommend running this free forex EA on a reliable VPS
- Low Spread account
- Dashboard – Show info panel
- GMTOffset_Winter – Your Broker’s GMT Winter Offset
- GMTOffset_Summer – Your Broker’s GMT Summer Offset
- Spread_Control – The maximum spread at which trading is allowed
- Spread_Control_Timing – The interval after which pending orders are returned after deletion if the allowable spread level is exceeded.
- FixedLotSize – Trading with a fixed lot (works only if the parameter AutoMoneyManagement1 = 0 )
- AutoMoneyManagement – Automatic calculation of the lot in proportion to the size of your deposit
- TakeProfit – Target profit level
- StopLoss – Maximum allowed loss per trade
- TrallingStart – Floating Stop Loss Activation Level
- TrallingStep – The interval through which the floating stop loss moves
- TrallingStop – Distance to floating stop loss
- TrallingStopReductionStart – The level upon reaching which the distance to the floating stop loss is reduced
- TrailingReductionStep – The interval after which there is an additional reduction of the floating stop loss
- TrallingStopReduction – The amount by which the floating stop loss is reduced after passing the interval
- StartHour – Hour of initial placement of pending orders
- StartMinute – Minute of initial placement of pending orders
- EndHour – Hour of deleting pending orders
- EndMinute – Minute of deleting pending orders
- CloseHour – Closing time of an open position, if the position was not previously closed by stop loss or take profit
- CandlesForLevel – Number of candles to form a price level
- AdditionalOrders – Allow placing additional pending orders intraday
- Items – Offset in points of a pending order from the price level
