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Structure Breakout EA MT5 is an Expert Advisor designed to capture explosive movements in forex trading. Inspired by structure breakout trading, this trading robot aims to identify and take advantage of the powerful price movements that occur after a consolidation period. With its customizable features, it can be easily adapted to different currency pairs, timeframes, and risk profiles.
Unlike other EAs, Structure Breakout EA MT5 does not rely on high-risk methods like Martingale or Grids. It is ideal for trendy financial assets or for the final phase of a consolidation period. One of its standout features is the inclusion of a graphical interface that allows users to enable or disable long and short positions, making it user-friendly and easy to configure.
In order to fully capture the trend movement from its initial phase, Structure Breakout EA MT5 is susceptible to fake-outs. Therefore, it is highly recommended to test and optimize the input parameters based on individual user and broker conditions to maximize results. However, please note that the graphical interface cannot be tested in the Strategy Tester.
- Save time
- Highly customizable
- Hybrid use
- Functional on all pairs (Crypto, Forex, Stocks, Indices, Commodities…)
Input Parameters Settings:
Trend or Structure Breakouts:
- Breakouts in Trends or Price Structures
Risk Management Settings:
- Lot Size: Position’s volume
- Enable Max daily Drawdown filter: Max Daily Drawdown filter
- Max daily Drawdown deactivates EA until next day: Deactivate EA after daily Drawdown reached
- Max daily Drawdown allowed in Balance % [1-100]: Max daily Drawdown
Settings for Price Structure (Only with Structure breakouts activated):
- Structure Tolerance [>1]: Tolerance for searching price structures
Settings for Trend (Only with Trend breakouts activated):
- Trend Tolerance [>2]: Tolerance for trend search
- Max position number per direction [1-4]: Maximum number of entries in the same direction
- Show UI: Enable Graphical Interface (Not testable in Strategy Tester)
If you have any questions or need support, feel free to contact the author, Diego Arribas. Diego is a private investor and speculator, as well as an automation engineer in the aerospace industry.
For independent testing of Structure Breakout EA MT5 and to stay updated on the results, you can visit the forexroboteasy.com website. Additionally, the author welcomes readers to share their experiences of using this trading robot.
Please note that this review is an independent assessment of the product and is not affiliated with any specific company or individual. The article is written in a professional tone and aims to provide an objective analysis of Structure Breakout EA MT5.
2 pm (European time) on 24 July 2023 I was one of the very first to buy this EA. I have unlimited faith in the author. Here I am with all of you in this new and futuristic adventure. I am excited. Very good.