Rp 35.000

Breakout Prophy EA MT4

The Breakout Prophy EA for MT4 is a sophisticated trading robot designed to operate on the MetaTrader 4 platform, utilizing multiple breakout strategies for effective trading. It’s equipped with features like customizable trading sessions, a martingale mode, and a built-in news filter, enhancing its adaptability and performance. With its ability to manage positions flexibly and implement various breakout strategies, it stands out as a versatile tool for traders looking to automate their strategies.📈

Product Detail

Categories Expert Advisor

Breakout Prophy EA MT4: A Comprehensive Guide

Introduction

The Breakout Prophy EA MT4 is a powerful MetaTrader 4 expert advisor designed to capitalize on market breakouts. In this article, we’ll explore its key features, optimal settings, and trading strategy.

Minimum Deposit

To start using the Breakout Prophy EA, consider a minimum deposit of $500. This ensures sufficient capital for effective trading.

Time Frame

The EA performs best on the H1 (1-hour) and H4 (4-hour) time frames.
These time frames allow the EA to identify significant breakouts while minimizing noise.

Recommended Currencies

The Breakout Prophy EA works well with major currency pairs:
- EUR/USD
- GBP/USD
- USD/JPY
- AUD/USD
- USD/CHF

Breakout Prophy EA MT4

Breakout Strategies

The EA combines several breakout strategies to identify profitable trading opportunities:

ZigZag Breakout:
- The EA monitors ZigZag patterns to detect trend reversals and breakouts.
- When a ZigZag pattern confirms a breakout, the EA enters a trade.
Daily Candle Breakout:
- The EA analyzes the daily candle’s high and low.
- If the price breaks above the previous day’s high or below the low, the EA places pending orders.
London Time Breakout:
- During the London session, the EA looks for price movements beyond predefined levels.
- It enters trades based on breakout signals during this active market period.
Pivot Points Breakout:
- The EA considers pivot points (support and resistance levels) to identify breakout opportunities.
- It places orders when the price breaches these levels.
Customizable Settings:
- The Breakout Prophy EA allows customization of various parameters:
  - Break-even levels
  - Stop loss (SL) and take profit (TP) targets
  - Trailing stop
  - News filter (automatically downloads news data)
  - Grid trading (both in profit and loss)