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Daily Breakout Wizard EA V1.2 MT5

Original price was: $770.00.Current price is: $170.00.

Daily Breakout Wizard  is a highly intelligent and stable Expert Advisor (E.A.) designed for the MetaTrader 5 (MT5) platform. It employs a Breakout Strategy to execute trades at the start of the London, New York, and Tokyo trading sessions. This E.A. focuses on three currency pairs: GBPUSD, EURUSD, and USDJPY, placing an average of 21 trades per day. Notably, it avoids risky methods like Martingale, Grid, and Hedging

Description

Daily Breakout Wizard EA V1.2 MT5: A Powerful Forex Trading Tool💫💫

The Daily Breakout Wizard is a highly intelligent and stable Expert Advisor for the MT5 platform. It uses a Breakout Strategy to place trades at the open start of the London, New York and Tokyo trading sessions. This E.A Trades 3 pairs (GBPUSD, EURUSD, USDJPY) on a daily basis placing an average of 21 trades per day. The Daily Breakout Wizard does not use Martingale, Grid, Hedging or any other risky trading methods.

Recommended Settings:

  • Minimum Deposit: $500
  • Timeframe: 5-minute charts
  • Currency Pairs: GBPUSD, EURUSD, USDJPY

Key Features:

  1. Breakout Strategy:
    • The EA monitors price movements during the Asian session (when volatility tends to be lower) and identifies potential breakout levels.
    • It places pending buy and sell orders just above and below the previous day’s high and low prices.
    • When the market breaks out of these levels, the EA triggers the corresponding order.
  2. Dynamic Stop Loss and Take Profit:
    • The EA adjusts stop loss and take profit levels dynamically based on market conditions.
    • It aims to capture profits while minimizing risk by trailing the stop loss as the trade moves in the desired direction.
  3. Time Filter:
    • The EA avoids trading during certain hours (e.g., major news releases or low liquidity periods).
    • This helps prevent unnecessary losses due to volatile market conditions.
  4. Risk Management:
    • The EA calculates position size based on the account balance and risk percentage.
    • It ensures that each trade adheres to the specified risk tolerance.

Daily Breakout Wizard EA V1.2 MT5

Daily Breakout Wizard EA V1.2 MT5

Daily Breakout Wizard EA V1.2 MT5

Daily Breakout Wizard EA V1.2 MT5

Example Trade Scenario:

  1. Market Conditions:
    • Asian session: GBPUSD is trading in a tight range.
    • Previous day’s high: 1.4000
    • Previous day’s low: 1.3950
  2. EA Actions:
    • Places a pending buy order at 1.4005 (above the previous day’s high) with a stop loss at 1.3980.
    • Places a pending sell order at 1.3945 (below the previous day’s low) with a stop loss at 1.3970.
  3. Breakout Occurs:
    • GBPUSD breaks above 1.4000.
    • The buy order is triggered, and the EA sets a take profit at 1.4050.
  4. Result:
    • If the market continues to rise, the take profit is hit, resulting in a profit.
    • If the market reverses, the stop loss limits the loss.

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Additional Resources

Instant Download : https://yoforex.org/product/daily-breakout-wizard-ea-v1-2-mt5/

Contact : @yoforexpremium

 

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