The Universal Breakout MT5 is an Expert Advisor (EA) designed by Sergey Ermolov, which leverages a classic price range breakout strategy. 🕹️ This EA can be configured for any strategy that involves the price breaking out of a predetermined price band set by a time interval. Whether it’s breaking out from the Asian, European, or American trading session extremes, daily extremes, or even the first H4 candle of Monday, Universal Breakout MT5 has got you covered.
Settings and Functionality
The EA settings allow you to define the time range over which it operates, making it highly customizable. This flexibility allows traders to optimize their strategies based on specific market conditions and time frames. 🌐
What Users Are Saying
With a rating of 4.36 based on multiple reviews, Universal Breakout MT5 has received mixed feedback. Here are some user insights:
Nuno Filipe Pereira Cruz Pereira: “It’s amazing, after optimizing for the last 4 months, it’s possible to get optimized .set files to achieve 80% profit with 20% drawdown, 10% profit with 5% drawdown, and 25% profit with 12% drawdown.”
Kraftsoff: “Отлично сделано!” (Excellent work!)
nrhp: “One trade in a week on my Demo Account.”
Pat Basbas: “How does it work? I already installed it on my PC but I don’t see anything on my chart.”
Rubén “Sorrors”: “The advisor could add some more basic functions to configure it in more detail and some more detailed operation guide. But all this does not detract from the fact that it is an excellent expert advisor, very good work by its author and it is also free. I can only say thank you. Good job.”
Reliability and Performance
While the EA has received high praise for its performance when optimized, it also has its limitations. Some users have reported low trading frequency on demo accounts, while others have faced difficulties in understanding and setting up the EA. However, the majority of reviews highlight its potential for high profitability when properly optimized.
Tips for Potential Users
🛠️ Here are some useful tips for potential users:
Optimization is Key: Spend time optimizing the EA settings to match your trading goals and risk tolerance.
Understand the Settings: Make sure you understand the various settings and how they impact the EA’s performance.
Use a Demo Account: Test the EA on a demo account before deploying it on a live account.
Stay Informed: Join forums and communities like easytradingforum.com to share set files and get advice.
Monitor Performance: Regularly monitor the EA’s performance and make adjustments as needed.
In conclusion, Universal Breakout MT5 offers a robust and flexible trading strategy for traders willing to invest time in understanding and optimizing its settings. While it may have a steep learning curve for some, its potential for high profitability makes it a valuable tool in any trader’s arsenal. 🌟
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