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Get link for Download Source Code "Africa Breakout"

forexroboteasy.com

Download Africa Breakout.ex5
Type:
Live
Leverage:
100
Deposit:
3042.6$
Balance:
3152.99$
Profit:
110.39$
Withdrawal:
0$
Update: 11 Nov 2024
[tg_block] [last_rev count=1 order="new"] [trading_result id=93044]
Profit:
110.39$
Traders:
132
(91/41)
Most Profit Trade:
30.86$
Most Loss Trade:
-53.01$
Profit Factor:
0.52
Average Loss:
-29.33$

Overview

Understanding the Africa Breakout Forex Strategy

The Africa Breakout strategy is a unique approach to Forex trading, specifically designed to optimize trading with the USDZAR currency pair. The strategy utilizes a blend of Camarilla Pivot points and candlestick patterns to anticipate large institutional moves that can trigger a price breakout. It is primarily recommended for the M1 timeframe, although it can be employed on almost any other instrument within the M1 timeframe after a thorough backtest.

Forex Optimization with USDZAR Backtest

The Africa Breakout strategy has undergone a rigorous backtest on the USDZAR currency pair over the last 5 years. This backtest is an essential step to ensure the strategyโ€™s efficacy and adaptability to market changes over time. The backtest results serve as an indicator of the strategyโ€™s potential profitability while also providing a comprehensive understanding of its risk parameters.

Adjustments and Trading Parameters

When using the Africa Breakout strategy, traders must adjust the trading hours depending on the instrument being traded. This adjustment is necessary to match the periods when the market spread is least, usually at market open. The strategyโ€™s โ€˜Unitsโ€™ setting is also customizable according to the traderโ€™s account size and risk tolerance. For instance, traders with smaller accounts (less than $1,000) can set the units to 0.1, and for accounts around $100, the units can be set to as low as 0.01. The higher the units set, the higher the risk per trade.

Advantages and Disadvantages of the Strategy

The Africa Breakout strategy offers a range of advantages, including absence of martingale, grid system or other risky money management methods. It also provides hard stop and take profit parameters, making it fully automated. However, the strategy has its limitations. It is incompatible with other Expert Advisors (EA) or manual trade openings, suggesting the need for a separate account to run this EA. Furthermore, past results, though profitable, do not guarantee future outcomes.

Independent Testing and Updates

For those interested in exploring the Africa Breakout strategy further, independent testing of the product is available on forexroboteasy.com. Here, users can examine the strategyโ€™s performance in real-time and subscribe to updates on its testing results. This feature allows traders to stay updated with the strategyโ€™s performance and make informed decisions regarding its implementation.

FAQ

Can I use the Africa Breakout strategy for other currencies?

While the strategy is optimized for the USDZAR currency pair, it can be utilized for other currencies within the M1 timeframe. However, a thorough backtest is recommended before use.

Can I run other EAs while using the Africa Breakout strategy?

No, running other EAs or opening manual trades while using the Africa Breakout strategy is not advisable. It is suggested to create a separate account for this strategy.

Can I adjust the risk parameters of the Africa Breakout strategy?

Yes, the โ€˜Unitsโ€™ setting of the strategy can be adjusted based on your account size and risk tolerance.

We invite readers to share their experiences with the Africa Breakout strategy. Remember, this is an independent product review and your feedback can be valuable for other traders. Please note that this review is written in the third person for unbiased representation of the product.

EASY Scalperology Bot
Update: 11 Nov 2024
Trading Conditions by EASY Scalperology Bot
Leverage:
100
Account type:
Live
Profitable by EASY Scalperology Bot
Profit:
38.22%
AVG Daily:
99.41$
Deposit:
12000$
WithDrawal:
0$
Current Balance:
16586.01$
Profit:
4586.01$
Africa Breakout
Update: 11 Nov 2024
Trading Conditions by Africa Breakout
Leverage:
100
Account type:
Live
Profitable by Africa Breakout
Profit:
3.63%
AVG Daily:
0$
Deposit:
3042.6$
WithDrawal:
0$
Current Balance:
3152.99$
Profit:
110.39$
Africa Breakout Review: Optimize Forex with USDZAR Backtest

forexroboteasy.com

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