Description

Lazy Bot V1 EA MT5: A Breakout Trading Strategy

Introduction

The Lazy Bot V1 EA MT5 is an expert advisor designed for MetaTrader 5. It follows a daily breakout strategy, aiming to capture price movements after significant market shifts. Below, we’ll delve into the key details of this EA.

 

Strategy Overview

• Strategy Type: Daily Breakout
• Pairs Traded: GBPUSD, EURUSD, XAUUSD (Gold)
• Timeframe: Daily
• Magic Number: 123456
• Bot Name: LazyBot_V1

 

Key Parameters

1. Lot Size (Volume): The recommended lot size is 0.01 (adjustable).
2. Stop Loss (SL): Set at 5.0 pips (modifiable).
3. Distance from High/Low to Entry Price: Currently set at 0 pips (can be customized).
4. Slippage: Maximum allowable slippage is 3 pips.
5. Maximum Spread: No specific spread limit (floating).

 

 

Trading Time Settings

• Trading Hours: From 7:00 AM to 10:00 PM (adjustable).
• Trading Days: Active every day.

 

Money Management

• Risk Percentage: The EA uses a fixed risk percentage of 1% of the account balance.

 

How It Works

1. Every Day:
   • The EA identifies the highest and lowest prices of the previous daily bar.
   • It places two pending orders:
     • BUY STOP above the high price.
     • SELL STOP below the low price.
   • No take profit levels are set initially.
2. Trade Management:
   • The EA monitors price movements.
   • When one of the pending orders is triggered, the other is canceled.
   • The EA aims to capture breakouts in either direction

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀

 

Stay Updated:

Instant Download: https://yoforex.org/product/lazy-bot-v1-ea/

Contact: https://t.me/yoforexrobot

 

🔔😎Happy Trading😎🔔