- June 24, 2022
- Posted by: Maret Edodo
- Category: Free Forex EA
This Forex Breakout Bot is an EA version of line trading and is a type of EA called breakout.
As a logic, place limit orders at high and low prices and touch the line to enter in order.
When riding the waves due to precise trailing , the riding SL is also set fairly shallow, so we designed it to secure profits while reducing losses as much as possible.
The maximum draw down is small and the SL is shallow, so I think it’s easy to handle because it’s hard to lose.
Currency pairs : EURUSD, USDJPY
Timeframe : M30
Trading time : 24/7, rollover bypass
The Forex Breakout Bot trades the breakdown of support-resistance levels.
Trades often, short stops and takes, trailing is a classic of breakouts.
Places multiple orders at once, so there can be more than one open position in the market.
Opens delays an hour after rollover and removes an hour before to re-open after – therefore, the maximum orders in the statistics falls on the first hour of the day.
EURUSD does not shine at times, but has recently caught a wave – oddly enough, the most successful period began with the adviser at the time of release.
USDJPY is much more stable, the deposit grows evenly, orders are activated less often.
On forward monitoring via the link, the adviser shows a confident positive trend.
|EA name||Forex Breakout Bot|
|Time axis||30 minutes (M30)|
|Maximum number of positions||2|
|Backtest period||2011.01.01 –2022.03.13|
|Double-decker / Nampin / Martin||None / None / None|
Strategy Tester Report
Best Brokers List
The Forex Breakout Bot works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
|Register||2008||Port Vila||1: 1000||$10||VFSC|
Forex Breakout Bot Free Download
We highly recommend trying the Forex Breakout Bot for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.