Skynet-Breakout EA MT4 – Free Download

Introduction Skynet-Breakout EA

Forex trading, with its high potential for profit and risk, has always been an area of interest for both new and seasoned traders. In recent years, automated trading systems, also known as Expert Advisors (EAs), have gained significant popularity. These systems aim to remove emotional biases and execute trades based on pre-set algorithms. One such advanced tool is the Skynet-Breakout EA, a fully automated smart adaptive algorithm designed to capitalize on breakouts in the forex market. This article will delve into the features, advantages, and disadvantages of the Skynet-Breakout EA, providing a detailed review without endorsing its usage.

Technical Specifications

Version: 8.75
Year of issue: 2024
Working pairs: EURUSD M30, EURUSD H1, USDJPY M30, USDJPY H1, GBPUSD M30, GBPUSD H1.
Recommended timeframe: !!
Minimum Deposit: $1000
Average of account: 1:30 To 1:1000

Best Brokers List

Skynet-Breakout EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Skynet-Breakout EA Settings

Features of Skynet-Breakout EA

Adaptive Algorithm

The Skynet-Breakout EA boasts a sophisticated algorithm that adapts to various market conditions. By analyzing historical data, it calculates the probability of upcoming breakouts at support and resistance levels and places pending orders accordingly. This adaptability is crucial for maintaining performance across different market scenarios.

Backtesting and Optimization

This EA has undergone rigorous backtesting and optimization using real ticks with 99.9% quality. Additionally, it has successfully completed stress testing, ensuring its reliability and robustness under diverse trading conditions.

Information Panel

An embedded algorithm for statistics collection provides valuable insights via an information panel. Traders can monitor the EA's performance and make informed decisions based on real-time data.

Customizable Parameters

The Skynet-Breakout EA offers a wide range of customizable parameters, allowing traders to fine-tune the system according to their preferences and risk tolerance. Key parameters include order type, magic numbers, slippage, risk management settings, and more.

Recommendations for Use

To maximize the EA's effectiveness, it is recommended to use ECN brokers and accounts with minimum spread. The preferred pairs and timeframes are EURUSD H1, USDJPY H1, EURUSD M30, and USDJPY M30. A VPS is also necessary to ensure uninterrupted operation.

Review Skynet-Breakout EA Results

As an expert in forex trading, I'll analyze the results shown in these images for this Expert Advisor (EA):

Image 1 shows shorter-term performance:

• The growth trend is generally positive, with an upward slope in the average line.
• There's significant volatility, with sharp ups and downs in the blue growth line.
• Recent months (Jul-Aug highlighted) show strong positive growth of 18.13% and 7.30%.
• Total growth shown is 44.50%.

Image 2 provides a longer-term view:

• The cumulative growth curve is exponential, indicating consistent positive returns.
• Annual performance has been strong: 2021: 375.00% total return 2022: 593.85% total return 2023 (partial year): 189.37% so far

Key observations:

1. The EA demonstrates impressive overall returns, with triple-digit annual growth.
2. There's considerable short-term volatility, which is common in forex trading.
3. The strategy seems to adapt well to different market conditions across years.
4. Risk management appears solid, as drawdowns are limited despite the high returns.

Potential concerns:

• Such high returns often come with high risk. It's crucial to understand the risk profile.
• Past performance doesn't guarantee future results, especially in forex.
• The strategy's robustness across different market regimes should be verified.

Overall, the EA shows very strong performance metrics. However, thorough backtesting, forward testing, and risk analysis would be essential before considering live implementation. The exceptional returns warrant careful scrutiny of the underlying strategy and risk management approach.

Advantages of Skynet-Breakout EA

High Adaptability

The Skynet-Breakout EA's ability to adapt to different market conditions sets it apart from many other automated trading systems. This feature helps in maintaining consistent performance regardless of market volatility.

Thorough Testing

The extensive backtesting and stress testing provide a high level of confidence in the EA's performance. Traders can rely on the historical data analysis and optimization efforts that have gone into developing this tool.

Comprehensive Risk Management

The EA includes robust risk management features such as forced position closing to protect against losses, adaptive trailing stops, and customizable slippage settings. These features are essential for preserving capital and managing risk effectively.

User-Friendly Interface

The information panel and customizable settings make the Skynet-Breakout EA user-friendly. Traders can easily monitor the EA's performance and adjust settings to align with their trading strategies.

Disadvantages of Skynet-Breakout EA

Dependence on Specific Conditions

The EA's performance is highly dependent on certain conditions, such as low spread environments and specific timeframes and currency pairs. Deviating from these recommendations might result in suboptimal performance.

VPS Requirement

The necessity of a VPS adds an additional cost and layer of complexity for traders. Continuous uptime is crucial for the EA's operation, and any interruptions could impact trading results.

Potential for Over-Optimization

While backtesting and optimization are strengths, there is a risk of over-optimization. This occurs when the EA is fine-tuned to perform exceptionally well on historical data but fails to adapt to future market conditions.

Broker Restrictions

Traders need to ensure that their brokers allow for scalping strategies, as some brokers may have restrictions on holding positions for less than a minute. This could limit the EA's effectiveness if not addressed.

Conclusion

The Skynet-Breakout EA is a powerful tool for forex traders looking to leverage automated trading strategies. Its adaptive algorithm, thorough testing, and comprehensive risk management features make it a formidable option in the realm of Expert Advisors. However, it is not without its drawbacks, including its dependence on specific market conditions and the need for a VPS. As with any trading tool, it is crucial for traders to conduct their due diligence and consider their individual trading needs and risk tolerance before integrating the Skynet-Breakout EA into their trading strategy.

Download Skynet-Breakout EA

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.