In this review, we will analyze Breakout Storm MT4, a fully automated breakout/momentum EA designed for professional forex traders. Developed over two years using Python code and special tools, Breakout Storm MT4 aims to bypass the limitations of the Metatrader platform. The algorithm behind this EA is complex, utilizing seven indicators, including ATR, Heikin Ashi, and moving averages, along with four proprietary leading indicators.
Product Description
Breakout Storm MT4 is a breakout/momentum EA that works on ten currency pairs known for their tendency to experience significant movements. The EA has been meticulously developed and coded into both MT4 and MT5 platforms, ensuring accessibility for professional traders. Its sophisticated internal algorithm and use of multiple indicators make it a powerful tool for forex analysis and trading.
Key Features
1. Strict Use of Stop Loss: Breakout Storm MT4 employs a stop loss on every trade, ensuring risk management.
2. One-Chart-Only Trade: Traders can execute 35 different strategies from a single chart setup, providing convenience and efficiency.
3. Focus on H1 Timeframe: By filtering out market noise, Breakout Storm MT4 focuses on the H1 timeframe, which is considered the most stable timeframe among brokers.
4. Low Leverage Requirement: The EA is designed to work with a low leverage ratio, making it suitable for traders with various account sizes. With a deposit as low as $3,000, it can trade 0.01 lots safely, even with a 10:1 leverage.
5. Proven Live Results: Breakout Storm MT4 has demonstrated positive results on high-balance accounts and with multiple brokers. It is not sensitive to slippage or trading conditions, eliminating the need for ECN brokers.
6. Set and Forget: Traders can set up Breakout Storm MT4 and leave it to operate without constant monitoring. There is no need to disable the EA during news events.
7. Extensive Backtesting: The EA has been backtested from 2003 to the present, ensuring its performance across different market conditions.
Underfitted System
Breakout Storm MT4 stands out as an underfitted system, unlike many other EAs on the market. While some sellers may showcase overfitting through impressive backtest results, Breakout Storm MT4 uses the same settings to trade up to ten different currency pairs. This level of robustness is a significant advantage, highlighting its ability to perform consistently across various pairs. By trading EURUSD with the same settings as AUDUSD or XAUUSD, the EA avoids curve-fitting and adapts to the market dynamically.
Backtesting and Broker Performance Tracking
Backtesting Breakout Storm MT4 can be time-consuming due to the EA’s complex code and the limitations of the MT4/MT5 platforms. However, users can access pre-backtested strategies for over 60 scenarios, saving valuable time and effort. ForexRoboEasy.com provides independent testing of this product, allowing traders to evaluate its performance objectively. Traders can also subscribe to updates on the results of ongoing testing.
Conclusion
Breakout Storm MT4 is a fully automated breakout/momentum EA designed for professional forex traders. With its advanced algorithm, strict risk management, and proven live results, it offers a reliable solution for trading the forex market. The underfitted system, which uses the same settings across multiple currency pairs, demonstrates its robustness and adaptability. Whether traders are looking for a set-and-forget solution or a tool to enhance their trading strategies, Breakout Storm MT4 provides a comprehensive solution. Share your experience with Breakout Storm MT4 and join the community of traders benefiting from this unique EA.
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