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REGISTER PARTICIPANTS Expert Levels Breakout Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 8, 2020.

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James Goldman
  1. James Goldman

    James Goldman Moderator
    Staff Member Organizer

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    Country:
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    #levelsbreakout

    levels-breakout-logo-200x200-6659.png

    Trade Signals are based on yesterday's high and low.

    Initial Stop-Loss and Take-profit are customizable. Trailing Stop-Loss is customizable.

    Trade volume can be calculated regarding the amount of capital to risk in terms of percentage or money.

    The robot performs the following tasks:
    • Tracking and plotting the previous day high and low price levels.
    • Sending one or multiple Buy Stop orders and Sell Stop orders at the previous day's highest price with customized Stop-loss and Take-profit levels.
    • Deleting the previous levels lines and cancelling the active Buy and Sell Stop orders (if they have not been executed).
    • Plotting the new reference lines based on the new price levels (yesterday's highest and lowest price).
    • Sending
      Buy and Sell Stop orders based on the new price levels (yesterday's
      highest and lowest prices) regarding the user predefined parameters.
    Settings
    • Monday_hour_start - allows the user to set the start time from Monday and turn the Expert Advisor ON. The default value is 0 or midnight.
    • Friday_hour_start - allows the user to set the end time on Friday and turn the Expert Advisor OFF. The default value is 23 or 11 pm.
    • MaxOrders - allows the user to enter the number of orders to send; the total number of orders to place cannot exceed 5.
    • MinimumEquity - allows
      defining the minimum amount of equity required in the account before
      placing an order. If the current equity is less than the minimum equity,
      the order is not placed and an alert message informs the user
      about it.
    • Use_fixed_lotsize - allows
      the user to enter his standard lot size as simple as declaring the
      number of lots to buy or sell. For a micro account, the minimum lot size
      is 0.01 lot and 0.1 lot for a premium account.
    • Use_fixed_amount__for_lotsize - allows the user to set his lot size regarding the amount of capital he is willing to lose per trade solely in terms of money, let’s say $100 for a $5 000 account, for example.
    • Use_percentage__for_lotsize - allows the user to set his lot size regarding the amount of capital he is willing to lose per trade in terms of percentage of your account balance, let’s say 2.5% for a $5 000 account, for example.
    • PendingPips - allows the user to adjust the Stop Orders prices above and below the breakout levels by adding pips.
    • StopLoss1, StopLoss2, StopLoss3, StopLoss4 and StopLoss5TakeProfit1, TakeProfit2, TakeProfit3, TakeProfit4, TakeProfit5 - allows
      the user to set the trade exit considering the number of orders set
      (MaxOrders). For example, for MaxOrders = 1, the user only defines
      one level of StopLoss, StopLoss1 and TakeProfit1.
    • TrailingStop, TrailingStop2, TrailingStop3, TrailingStop4, and TrailingStop5 - allows
      to move the stop loss in relation to the price considering the number
      of orders set (MaxOrders), i.e. up for the buy position and down for the
      sell position, as the position gains in profit. For example, for
      MaxOrders = 1, the user only defines one level of
      TrailingStop, TrailingStop1. The default value is set at 5 pips meaning
      that each time the price moves 5 pips in favor of the position, the
      stop loss follows as well.
    • Slippage - indicates
      the number of points in pips to allow for the order filled price to be
      different than the requested price. The default value is set at 3 pips.
    • UseLocalTime - is
      optional. It allows the user to choose between the server or the
      local time when launching the robot. The default value FALSE is set to
      the server time.
    • NiveauxDimanche - is
      optional. It allows the user to exclude or include Sunday data. As
      volatility is pretty low when trading takes place on Sunday, the code
      execution can be wrong regarding the levels. Leaving the variable
      NiveauxDimanche equal to false means that the user chooses Friday levels as a
      reference for Monday and ignores Sunday.

    levels-breakout-screen-9127.jpg levels-breakout-screen-4016.png levels-breakout-screen-8924.jpg

     
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