Trading-Forex

USER GUIDE – CAP Breakout EA

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CAP Breakout EA

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Trading Strategies

Seven popular trading strategies based on the various Breakout Each of the strategies has it unique entry and exit point without any interference to other strategies.

Version 

EA Come with two variant

Free Version

Pro Version

This free version some function are miss. Pro version has additions function

  • Has Grid in Profit Side, in free version only have Grid in Loss side
  • Has some addition entry strategy 
  • Has exiting strategy, free version don’t have exit strategy
  • Profit In Currency (For BothSide) – mean EA can close both buy and sell trade when all trade in profit
  • Loss In Currency (For BothSide)  –  mean EA can close both buy and sell trade when all trade in loss
  • Initial trade stop filter – like daily max trade, don’t open trade in same candle etc.
  • Trade close filter – you can set day time zone so EA will close all trade in that time. 

Input Parameter

Initial Strategy Setting

Breakout Strategy – Select your Entry Strategy. 

Zik Zak Breakout:

    • Buy Trade: When price touch Upper ZikZak line’s price. 
    • Sell Trade:  When price touch Lower ZikZak line’s price.

Factal Breakout :

        • Buy Trade: When price touch Upper Factal line’s price
        • Sell Trade: When price touch Lower Factal line’s price.

Insider Bar Candle Breakout :

    • Buy Trade: When open price touch previous candle high price.
    • Sell Trade: When open price touch previous candle low price.

Candle Breakout:

    • Buy Trade : When highest high price breakout from number of candle you select from EA’s input. 
    • Sell Trade : When lowest low price breakout from number of candle you select from EA’s input. 

Pivot Breakout:

        • Buy Trade: When open price are below Kumo cloud line and close price are above the Kumo cloud + Tenkan-sen is above Kijun-sen + Future Kumo is bullish.
        • Sell Trade: When open price are above Kumo cloud line and close price are below the Kumo cloud + Tenlan-sen is below Kijun-sen + Future Kumo is bearish.

London Breakout:  

      • Buy Trade: When price cross above the Kijun-sen and Kijun-sen is above the Kumo cloud.
      • Sell Trade: When price cross below the Kijun-sen and Kijun-sen is below the Kumo cloud .

Breakout TimeFrame  – Select indicator time frame.
Minimum Distance To Open Trade – Value of Tenkan-sen
Extra Padding – Value of Kijun-sen
InDepth (ZigZag BK), InDeviation (ZigZag BK), InBackstep (ZigZag BK)  – 

Reverse Signal (Breakout) – If you set True, EA will reverse all it’s default signa. I mean when Buy signal found then EA will open sell trade. 

Other Common Input Parameters of The EA

    Please read our common input parameters that use our several product –  

https://www.mql5.com/en/blogs/post/730083

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