The Forex Breakout Professional Edition Robot offers the trader the ability to trade any strategy on any currency during any time frame. With a built in magic number a trader can use multiple instances of the Robot on the same platform.
This way you can trade the London Open with one set of parameters and also trade the New York open on the same currency but with different trading rules on the same meta trader platform.
There is also a "day" selector that enables you to pick the days of the week you want the EA to trade.
Also included is the ability to whose a moving average as a qualifier or trend indicator to enable you to determine the trend during the session prior to placing a pending breakout trade.
If you wish to bracket the trade. i.e. place a long and a short at the end of a predetermined time period the EA has an OCO feature so that if your long order is triggered the short is automatically cancelled and vice versa.
Magic Number
The ‘magic number’ is used by the robot to keep track of its trades. If you trade the EA on different currencies or use different instances of it for the London open and the New York open make sure you use a different magic number for each.
Trade Comment
The Trade comment is being used to make it easy to distinguish manual orders, and orders placed by other robots, from the ones that have been placed by the Sure forex breakout robot. The default comment is "Sure FX breakout". You can change this to identify different instances of the EA
Risk Percent
The risk percent age is the amount of money risked as percentage of the available free margin per trade. If Risk Percent is set to 0 the robot will use the ‘fixed lots’ value.
The default value is 1 percent, and can be considered low risk. 2 -3 percent corresponds with medium risk and 4-5 percent is considered to be high risk. It is not recommended to exceed 5 percent risk.
Fixed Lots
Fixed Lots is being used as Risk Percent is set to 0. Fixed Lots has to be larger than 0. If there is not sufficient available margin left on your account, for the given Fixed Lot value, the trade will not be placed by the Sure forex breakout robot.
Take Profit Pips
Number of pips used for taking profit.
Take Profit Pips is Box Size
If set to true the Take Profit at the size of the trade box. There is a theory that if the currency trades within a range (trade box) when it breaks out it will break out the size of the range (trade box)
TP Multiplier Box Size
If set to 1.0 the TP is the box size. If set to 0.75 the TP is 75% of the box size. If you find that your trades are reversing before they reach the full box size then try reducing the size of the box
Take Pips Additional
This allows for a second TP at the number of pips set. For example, if set to 20 the EA will open two orders and close one when this level is hit.
Stop Loss Pips Long
For long (Buy) orders the Sure forex breakout robot uses this value as a stop loss.
Stop Loss Pips Short
For short (Sell) orders the Sure forex breakout robot uses this value as a stop loss.
Stop Loss is Box Size
If set to true the SL is the size of the trade box
SL Multiplier Box Size
If set to 1.0 the SL is the box size if set to 0.75 the SL is 75% of the box size
Trailing Stop On
If Trailing Stop On is TRUE a trailing stop will be used as soon as the order hits the number of pips in profit stated in Trailing Stop Pips
Trailing Stop Pips
This is the number of pips used by the trailing stop
Trailing Stop is Box Size
If true the trailing stop is set to the size of the box
TS Multiplier Box Size
If set to 1.0 the TS is the box size if set to 0.75 the TS is 75% of the box size
Brake Even
If Brake Even = TRUE the stop loss will be set to the open price as soon as the order is in profit by the amount of pips stated in Brake Even Pips. From this point onwards the order can only end up in profit or break even.
Brake Even Pips
Number of pips the trade must be in profit before the Stop Loss moves to Break Even. If Break Even = TRUE.
Brake Even Pips is Box Size
If set to true the brake even is set to the box size
BE Multiplier Box Size
If set to 1.0 the BE is the box size if set to 0.75 the BE is 75% of the box size
Add Spread To Take Profit
If TRUE the spread is added to the take profit. If, for example, the take profit is set to 75 pips and the spread is 3 pips, the new take profit becomes 78 pips.
Add Spread To Stop Loss
If TRUE the spread is added to the stop loss. If, for example, the stop loss is set to 20 pips and the spread is 3 pips, the new stop loss becomes 23 pips.
Minimum Box Height Pips
If set to greater than 0 it becomes a qualifier for the trade. If your example you set it to 30 and the height of the trade box is less than 30 the EA will not place a trade
Maximum Box Height Pips
If set to greater than 0 it becomes a qualifier for the trade. If your example you set it to 100 and the height of the trade box is more than 100 the EA will not place a trade
Buffer Size Pips
This is the number of pips outside of the trading range the EA adds before placing a pending order. This is used to filter out “noise” in the market.
Genius Settings
These are taken from our popular Genius Breakout EA
Signal Confirmation
This is a breakout indicator. If Signal confirmation is used, with or without the trend filter, OCO settings are being ignored.
Trend Filter On
The trend filter is a multi time frame indicator that detects the strength of a trend. If set to TRUE the Take Profit will be the pips entered below
Take Profit Pips trend
The Take Profit if a trend is detected
Ignore EMA
If set to FALSE the EMA will not be used to filter trades
Only Trade with the Trend
If TRUE the EA will only open trades in the direction of trend as determined by the trend filter
GMT auto
If set to true the EA will automatically set the trade time from your brokers server time. The default is true
GMT shift
The EA automatically sets the GMT shift to your broker. If you are beacktesting set GMT auto to false and can set it manually by using the instructions below. To calculate the GMT offset for your broker click the market watch button on your metatrader, your broker time will be displayed at the top of the box above the currency pairs.
EMA period
The robot uses an ‘Exponential Moving Average’ for its calculations. This enables the EA to recognize the existing trend in the market and place just one pending order in that direction. The higher the number the larger the trend
Use OCO
If set to True this overrides the EMA period and the EA places both a buy and a sell pending order on either side of the trade box
Leave Pending OCO Order Live
If set to true both pending orders remain
Expiration Minutes
This is the number of minutes after which the pending orders will expire if not triggered
Trade Hour
Sets the hour the box forms and when orders or pending orders are placed.
Trade Quarter
Sets the minute when order a placed in 15 minute increments. For example 1 is 15mins, 2 is 30 mins, etc
Number of Bars
Sets the number of 15 minute bars the EA look back to form the trade box. For example If set to 8 the trade box will enclose the previous eight 15min candles.ox
Trade On Days
Here you can set which days the EA trades
Box Color and Box Edge Color
You can change the color of the box that and the color of the buffer
Choose a currency below to display product prices in the selected currency.