Breakout Line EA MT5 – Analysis and Forecast – May 8, 2024

This EA was programmed as follows:

• Automatically calculates lot size based on account risk % per trade.
• Start entering the market when a breakout line signal with a risk reward ratio of 1:1 to 1:10 is formed.
• Place your stop loss just above/below the signal candle.
• These are filtered out signals that do not meet the trader’s criteria.

Your tasks include:

• Manually adjust or implement trailing stops as prices surge in the market.
• Or use your preferred risk reward ratio.

• Account Risk Per Transaction (%) (MM) Decide how much risk you want to take per trade. Lot size is determined by account balance and risk %.
• Minimum, signal size Filters out breakouts smaller than the signal size (in pips).
• maximum signal size Filters out breakouts larger than the signal size (in pips).
• risk reward ratio Choose a risk to reward ratio from 1:1 to 1:10. The ratio is based on the size of the signal candle (in pips).
• Stop Loss Extension This option allows the trader to extend the stop loss further on the signal. Keep in mind that your risk-to-reward ratio will be affected if you use it.
• maximum slip Allow maximum slippage during trading.
• Magic number Unique EA ID (e.g. 12345)
• Number of candles after line formation Determines the number of candles that can be created after generating a breakout line signal.
• sound notification Play a sound for new notifications.
• sound file name your Sound file for new alerts.
• mobile push notifications Send notifications to your mobile device.
• Send email notifications Send an email to your inbox.
• Pop-up notification We will notify you directly from your MT5 terminal.
• Accent line color Determines the color of the bullish breakout line.
• Bearish Line Color Determines the color of the bearish breakout line.