Trading strategy: Scalping.

The “Perfect Breakout” EA is based on a complex breakdown tactics based on Patterns. The essence of the Adviser’s strategy boils down to the fact that the expert determines two or more multidirectional fractals (marks the local minimum and maximum) and places two or more pending buy stop and sell stop orders at a given distance from them.

In the event of a breakdown of one of the pending orders, the expert accompanies the position: trailing stop, breakeven and smart closing using a tick adaptive system. A nice feature of the strategy is the fact that the adviser trades not only in the direction of the global trend, but also perfectly catches market reversals.

In the settings of the EA , you can find parameters for transaction support, as well as exit from the market. So in the Magic line, you can assign a unique code to the EA, thanks to which it will recognize the actual open orders and not touch the open ones manually or by other experts.

the adviser can be installed on other currencies using the instructions: https://www.mql5.com/ru/blogs/post/750726

МetaТrader 5 version: link

• Multi_Currency_BackTest – if set to true, a multi-currency tester is used.
• For testing, it is recommended to use:
  • Methods of modeling ticks:
    • All Ticks.

Symbols:

• EURUSD,  USDJPY / M30, H1, ( H2 – only for MT5 )

• EURUSD – if true, use EURUSD;
• …
• USDJPY  – if true, use USDJPY;
• Magic_Start / Magic_Finish – ID of EA’s trades.
• Symbols_Prefix(Suffix)_Name – enter the prefix (suffix) ONLY if the name of the symbols uses a suffix (for example: “m.”(“.m”) if the symbol name is “m.EURUSD”(“EURUSD.m”));
• Use_Risk_MM — If this is true, the lot size will increase when account balance grows (Risk Management).
• Percentage_Risk — Lot size increase based on the balance value (Risk Management in %).
• Fixed_Lot — Fixed lot (if Use_Risk_MM – false).
• Order Type – trading direction;
• Order Comment – comments to orders;
• Slippage – allowed slippage before an order is triggered;
• Show_Info_Panel – use the information panel (false – faster backtest);
• Show_additional_panel – use the info panel for profit indicator per each month, for backtest only;
• Adaptation of the spread to the stop loss – adapt the stop loss to spread;
• Max Spread – maximum allowed spread;
• Stop trade – disable trade for a certain time (from 1 minutes to 24 hours) if the average spread exceeds Max_Spread;
• Correct_Lot_by_Spread – adapt the lot by spread

Trading within the week:

• Monday – trade on Monday;
• …
• Friday – trade on Friday;

Time trading within a day:

• Use time – if true, the EA trades by time;
• GMT setting – GMT settings;
• Every_Day_Start – start time (hh:mm);
• Every_Day_End – end time (hh:mm).

Time to disable on Friday:

• Use time – if true, the EA trades by time;
• Disable_in_Friday – end time on Friday (hh:mm).

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