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REGISTER PARTICIPANTS Expert Hlh4 Breakout System Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 10, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #hlh4breakoutsystem

    hlh4-breakout-system-logo-200x200-7674.png

    The main idea of this strategy is:

    • Open a buy order if current price is above the Last high price of the previous bar (H4 time frame).
    • Open a sell order if current price is below the Last low price of the previous bar (H4 time frame).
    • Make a hedge order for all opened orders (martingale is not used by default).
    • Profit Locking for closing all orders is used on this system (target profit in account currencies).
    Here is a brief of expert advisor properties:

    • EA_Name = HLH4 BreakOut is a name of the EA.
    • Set_1 = --Main Order--
    • Magic_Number_Sell is a Magic number of the main sell order.
    • Magic_Number_Buy is a Magic number of the main buy order.
    • Max_Main_Order_Buy is a Max order of the main buy.
    • Max_Main_Order_Sell is a Max order of the main sell.
    • First_Lot is used for the first lot size of the main order (Bigger size implies higher risk).
    • MM_Risk is an auto lot size based on total orders and equity (always use default setting, or lower than default).
    • Set_2 = --Order step--
    • note_jeh = --All set in Points--
    • Step is an order step distance in points (1 pip = 10 points), use default 300 Points.
    • Set_3 = --Profit Target In Currencies--
    • Profit_Target is a profit target in account currencies for closing all orders.
    This EA has trailingstop option too on parameter.

    hlh4-breakout-system-screen-8516.png hlh4-breakout-system-screen-6768.png hlh4-breakout-system-screen-8238.png hlh4-breakout-system-screen-5420.png hlh4-breakout-system-screen-6096.png

     

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