break out15 expert advisor
Info
The break out15 expert advisor is a Expert Advisor for MetaTrader 4 that this expert advisor, named 'break out15', is a powerful tool for traders using the metatrader platform. it adheres to the standard conventions of mt4/mt5, ensuring seamless integration and ease of use for traders of all experience levels.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use break out15 expert advisor
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
this expert advisor, named 'break out15', is a powerful tool for traders using the metatrader platform.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - another powerful expert for MetaTrader 4 traders.
this expert advisor, named 'break out15', is a powerful tool for traders using the metatrader platform. it adheres to the standard conventions of mt4/mt5, ensuring seamless integration and ease of use for traders of all experience levels.Also recommended: breakdown trading advisor - similar expert with strong performance on MetaTrader 4.
break out15 offers a range of benefits, including:
- automation: streamline various trading tasks to save time and effort.
- decision support: assist traders in making informed choices.
- analytical insights: provide valuable market analysis for better strategy formulation.
the installation process is straightforward, making it accessible to both novice and seasoned traders. this expert advisor is a valuable addition to any trader's toolkit, enhancing their overall trading experience and potentially improving outcomes.
You may also like: multibreakout expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#include <stdlib.mqh>
int signaltimeframe=15;
extern bool moneymanagement=true; // change to false if you want to shutdown money management controls.
extern double tradesizepercent=10; // change to whatever percent of equity you wish to risk.
extern double lots=1;
double maxlots=100;
extern double takeprofit=0; // number of ticks to take profit. normally is = grid size but u can override
extern double stoploss=60; // if u want to add a stop loss. normal grids dont use stop losses
extern bool usetrailingstop=true;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.