My simple GBP/USD Breakout EA | Forex Factory

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My simple GBP/USD Breakout EA

  • #1
  • First Post: Jan 17, 2011 12:16pm Jan 17, 2011 12:16pm
Hi all,


Attached is my simple EA.

How does it trade?

15 min Chart at 14 -21 hours. It looks for break out before that time and enters trades 10pips above the high or low if hit.

Settings

  1. I use Profit set to 50 pips and Stoploss set to 70 pips
  2. Trading time I use Broco trader and use 15-22 (Must be set 14-21 UK time)
  3. Wait for next candle set as True

The only setting set in stone is the trading time but play with the other settings if you wish.

This EA can only trade on Demo accounts. PM me for live account version.

Enjoy

Attached File(s)
File Type: ex4 Breakout_System.ex4   60 KB | 1,193 downloads
  • #2
  • Jan 17, 2011 8:37pm Jan 17, 2011 8:37pm
Quoting craig811
... 15 min Chart at 14 -21 hours. It looks for break out before that time and enters trades 10pips above the high or low if hit....
Ah, more work on the afternoon UK move or the US open.
  • #3
  • Jan 17, 2011 9:13pm Jan 17, 2011 9:13pm
Quoting craig811
Hi all,


Attached is my simple EA.

How does it trade?

15 min Chart at 14 -21 hours. It looks for break out before that time and enters trades 10pips above the high or low if hit.

Settings

 

  1. I use Profit set to 50 pips and Stoploss set to 70 pips
  2. Trading time I use Broco trader and use 15-22 (Must be set 14-21 UK time)
  3. Wait for next candle set as True

The only setting set in stone is the trading time but play with the other settings if you wish.

This EA can only trade on Demo accounts....

What does the live account version cost?
  • #4
  • Jan 18, 2011 1:19am Jan 18, 2011 1:19am
Cost nothing, but prefer people to use a demo version until happy so you can't lose any real funds.
  • #5
  • Jan 18, 2011 1:22am Jan 18, 2011 1:22am
Just after US open, I use Broco broker which is 1 hour a head of UK time hence my settings are 15-22 hours.
  • #6
  • Jul 27, 2011 9:21am Jul 27, 2011 9:21am
does not work even in demo account, keep it SAFE
  • #7
  • Last Post: Feb 15, 2012 4:03am Feb 15, 2012 4:03am
I've downloaded the EA, set it up to work on my demo MT4 but it's showing up greyed out in the EA menu? Have I done something wrong? Thanks
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