last kiss breakout

last kiss breakout
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last kiss breakout

Info

The last kiss breakout is a Expert Advisor for MetaTrader 4 that "last kiss breakout" naked trading price action ea draws 2 mini trend lines with "fractals" on chart and trades with consolidation breakouts,has trailing stop loss &take profit works with all time frames major forex pairs and stocks nasdaq. -the concept of this price action ea is:naked trading-trade after consolidation breakout.

Usage

This tool is typically used for breakout trading when price moves beyond key support/resistance levels.

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 last kiss breakout

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

"last kiss breakout" naked trading price action ea draws 2 mini trend lines with "fractals" on chart and trades with consolidation breakouts,has trailing stop loss &take profit works with all time frames major forex pairs and stocks nasdaq.

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: adding password protection to your indicator / expert advisor - another powerful expert for MetaTrader 4 traders.


Also recommended: daily trend reversal d1 - similar expert with strong performance on MetaTrader 4.

"last kiss breakout" naked trading price action ea draws 2 mini trend lines with "fractals" on chart and trades with consolidation breakouts,has trailing stop loss &take profit works with all time frames major forex pairs and stocks nasdaq.
-the concept of this price action ea is:naked trading-trade after consolidation breakout.

i combined together a simple ea with two moving averages and trend line,

the trend line do not work on test mode,

the optimization tests can be performed only with moving averages,

in live trading only, trend line and moving averages will work together,

during tests, the ea only draws the trend line on the screen in visual mode without considering it in the creation of trades,

the trend line will function as a filter .

in this situation the probability of winning trades increases.

try it on demo first.

this ea trades only with the price of open candle!

if you do not want to trade with increasing lot size when you lose a trade set:"increasefactor=0" inputs

use_tp_in_money- use take profit in money (values:true/false).

tp_in_money- take profit in money (values: 10-100).

use_tp_in_percent- use take profit in percent (values:true/false).

tp_in_percent- take profit in percent (values: 10-100).

------------[money trailing stop for multiple trades]----------------------

enable_trailing-enable_trailing with money (values:true/false).

take profit in money (in current currency) (values:25-100).

stop loss in money(in current currency) (values: 1-20).

-----------------------------------------------------------------------------------

exit= close trades if the trend is against you and control draw dwon (values:true/false).

lots - lots size (values: 0.01-1).

lots size exponent (values: 1.01-2).

increasefactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).

stop_loss - stop loss (values: 30-500). /set value 600 for multiple trades

magicnumber - magic number (values: 1-100000).

takeprofit - take profit (values: 50-200). /set value 600 for multiple trades

fastma - fast moving average (values: 1-20).

slowma - slow moving average (values: 50-200).

mom_sell-momentum_sell trigger(values: 0.1-0.9).

mom_buy-momentum_buy trigger(values: 0.1-0.9).

---------------------control draw down-----------------------------

useequitystop - (values: true).

totalequityrisk- (values: 0.01-30).

-----------------------------------------------------------------------------

max_trades(1-12).

if you use only 1 trade:

//////////////////////////////////////////////////

usetrailingstop-if use trailing stop (values:true/false).

whentotrail-when to trail (values: 40-100).

trailamount-trail amount (values: 40-100).

distance from candle -distance from candle (values: 1-100).

usecandeltrail=if use candle trailing stop (values:true/false).

x=2-number of candles (values: 1-100).

enable "break even" -(values:true/false).

when move "break even"- (values: 5-30).

how much pips move- "break even" (values:5-30).

-you should optimize this ea every few months and use the exact same inputs from above .-you can use it as hedging grid ea or a single trade ea.-how to perform back test:

You may also like: close@profit - excellent alternative for expert users on MetaTrader 4.

Source Code

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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.
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