Universal Breakout MT5

The Universal Breakout MT5 is a potent instrument for Forex trading, designed to optimize trades based on the classic price range breakout strategy. It’s adaptable to any strategy that involves price breaking out of a set price band, determined by a specific time interval. This flexibility allows traders to utilize the Universal Breakout MT5 for various strategies such as breakout of Asian, European or American trading session extremums, breakout of daily extremums, or even the first H4 candle of Monday.

Functionalities of Universal Breakout MT5

The Universal Breakout MT5 operates by scanning the price range over a predetermined time interval to identify the maximum and minimum price points. It is programmed to place two pending orders – BUYSTOP and SELLSTOP – at the levels of maximum and minimum price of the range at a specified hour. If the pending orders are not executed within a certain time frame, adjustable in the settings, the orders will be removed by the advisor, and the system will wait for the next trading day.

The software also uses Take Profit, StopLoss, and the transfer of positions to Breakeven, trailing stop, as well as the function of early closing of the transaction after a specified time interval to manage profits and potential losses. With these features, the Universal Breakout MT5 ensures that your Forex trading is not only optimized but also secure and profitable.

Advanced Settings for Optimal Trading

One of the unique features of the Universal Breakout MT5 is its advanced settings for money management. These settings, coupled with the GMT parameter, make the software easily adaptable to any broker’s terminal. It also allows for customization based on the day of the week, broker’s time shift relative to GMT, the hour at which the Expert Advisor starts to search for extrema, and the number of candlesticks for identifying extrema.

The software also allows for adjustment of parameters like the hour of pending order placement, deviation from extremes for placing pending orders, time of pending orders lifetime in minutes, stopLoss type, size of fixed stop, offset from an extremum when working with a dynamic stop, Take Profit type, size of the fixed Take Profit, profit coefficient relative to StopLoss size, and selection of Breakeven distance.

Improved Performance with the Latest Version

The recent update of the Universal Breakout MT5 on 09/23/2023, version V4, has further enhanced its performance making it more profitable and stable. Traders are encouraged to test it in their terminal to experience its improved features and functionalities.

FAQs

For any queries or issues, users can refer to the FAQ section which provides detailed information and solutions to common concerns. The FAQ section is comprehensive and designed to provide instant assistance to users, enhancing their trading experience with the Universal Breakout MT5.

For independent testing of the Universal Breakout MT5, users can visit the forexroboteasy.com website. Subscribing to updates on the testing results of this product is also possible.

We invite users to share their experience with the Universal Breakout MT5. Your insights and feedback can help potential users make an informed decision and maximize the benefits of this powerful Forex trading tool.

It is crucial to note that this is an independent review of the Universal Breakout MT5. The goal of this article is to provide an objective analysis of the product, and it does not endorse or promote the product in any way. All opinions expressed are based on the product’s features and functionalities.