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Price Trap Breakout EA V1.0 MT5 + Set Files

Original price was: $250.00.Current price is: $150.00.

The Price Trap Breakout EA V1.0 MT5 is an Expert Advisor (EA) designed for Meta Trader 5 (MT5) trading platform. It aims to capitalize on breakout opportunities by identifying price traps. The EA uses various breakout strategies, including daily candle breakout, and London time breakout. Additionally, it allows customization through set files.

Description

Price Trap Breakout EA V1.0 MT5: Unleashing Profit Potential💫💫

The Price Trap Breakout EA V1.0 MT5 is a powerful automated trading tool designed to capitalize on price breakouts. It identifies key levels where price tends to trap, waiting for the perfect moment to enter trades. With a focus on precision and risk management, this EA aims to enhance your trading experience.

Recommended Settings

  • Minimum Deposit: $500 (or equivalent in your account currency)
  • Timeframes: M1, M5, M30, H1, and H4
  • Currency Pair: EURUSD (for optimal performance)

Key Features

  1. Price Trap Strategy:
    • Price Trap Breakout EA identifies price levels where traders often get trapped. These levels act as potential breakout points.
    • When price breaks out of these traps, the EA executes trades in the direction of the breakout.
  2. Risk Management:
    • Price Trap Breakout EA incorporates smart risk management techniques.
    • It calculates position sizes based on account balance and stop loss levels.
    • Trailing stops are used to protect profits as the trade progresses.
  3. Timeframe Flexibility:
    • Suitable for various timeframes (M1, M5, M30, H1, and H4).
    • Adjust the timeframe based on your trading preferences and risk tolerance.
  4. Set Files:
    • Price Trap Breakout EA comes with pre-configured set files optimized for different market conditions.
    • Experiment with different sets to find the one that aligns with your trading style.

Price Trap Breakout EA V1.0 MT5 + Set Files

Price Trap Breakout EA V1.0 MT5 + Set Files

Price Trap Breakout EA V1.0 MT5 + Set Files

Strategy Breakdown

  1. Breakout Detection:
    • Price Trap Breakout EA monitors price action around key levels (support, resistance, or pivot points).
    • When price breaks above or below these levels, it confirms a potential breakout.
  2. Confirmation Filters:
    • Price Trap Breakout EA uses additional filters (such as moving averages, RSI, or MACD) to confirm the breakout.
    • Only valid breakouts meeting specific criteria trigger trades.
  3. Entry and Exit Rules:
    • Long Trade:
      • Buy when price breaks above a resistance level (price trap).
      • Set a reasonable take profit (TP) level.
      • Use a trailing stop to lock in profits.
    • Short Trade:
      • Sell when price breaks below a support level (price trap).
      • Set a TP level and apply a trailing stop.
  4. Avoiding False Breakouts:
    • The EA considers news events and market volatility.
    • It avoids trading during high-impact news releases or choppy market conditions.

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Additional Resources

Instant Download : https://yoforex.org/product/price-trap-breakout-ea-v1-0-mt5-set-files/

Contact : @yoforexpremium

 

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