Breakout Master EA is a fully automated Breakout trading Robot that works on MT4 and MT5. Designed by RoyalPrinceTrading, Incorporating breakout trading, dynamic lot sizing, and loss recovery mechanisms, this MT5 EA boasts a sophisticated blend of tried-and-true techniques paired with innovative methods to maximize profitability. Let’s delve into its core components.
Breakout trading remains a cornerstone strategy for many traders. The basic idea revolves around capitalizing on price movements when they surpass certain thresholds or key levels.
- Spotting the Breakouts: With the Breakout EA, bullish breakouts are identified using the BullBreakout function, while bearish counterparts use the BearBreakout function.
- Ensuring Genuine Breakouts: Not every price movement breaching a key level is a genuine breakout. The EA uses the AbnormalCandle function to differentiate between genuine and false breakouts.
Dynamic Lot Sizing
Dynamic lot sizing ensures that your trades are adjusted based on your account’s capital and risk level.
- The Calculation Behind: The EA’s main function for this is CalcLotWithTP(). This function sits at the heart of the EA, determining the trade volume required to meet the profit objectives. It seamlessly melds the take profit, start, and end prices, resulting in a lot size that is both dynamic and tailored to individual risk appetites.
- Adaptability: By considering the tick value of the symbol and the specified take profit, the Breakout Master dynamically tailors the lot size to the prevailing market conditions.
The standout feature of this EA is arguably its robust loss recovery mechanism.
- Initiating Recovery: When a trade’s profit dips below the pre-defined stop loss or surpasses the take profit, the EA kickstarts its loss recovery phase.
- Adaptive Modifications: During this phase, trading parameters are adjusted to recoup from any losses incurred.
Martingale Money Management
Incorporating principles of the divisive Martingale strategy, the Breakout Master EA adjusts its lot sizing, especially during the recovery phase; the lot size adapts based on the value of TakeProfPoints and TP_Points_Multiplier.
Despite Martingale’s strategies’ appeal and recovery potential, traders must recognize the accompanying risks. Extensive backtesting of the EA is a must. Given the inherent risks with Martingale money management, regular monitoring, and prudent risk management are vital when trading live.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how this Breakout Master Robot works, then only use it in a real account.
Recommendations for Breakout Master EA
- Minimum Account Balance of 1000$ or equivalent cent account.
- Work Best on EURUSD and USDJPY. (Work on any pair)
- It works best on H1. Also, it trades much more frequently on lower timeframes. Giving you higher gain with higher risks. (Work on all TimeFrames)
- Some experimentation with different Capital, Currency pairs, and TimeFrames is recommended.
- For best performance, Breakout Master EA should be online 24 hours. Recommend using a VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)
Breakout Master MT4/MT5 EA Indicator, developed by an FXCracked – Group Chat admin RoyalPrinceTrading. While it’s available for free on our website, Don’t forget to explore other indicators and EAs from RoyalPrinceTrading by visiting his website and showing your support.
Conclusion of this MT5 EA
The Breakout Master MT4/MT5 EA Indicator is a testament to the evolving landscape of trading tools, encapsulating sophisticated strategies like breakout trading, dynamic lot sizing, and loss recovery. While its features, such as customizable recovery systems and advanced risk-to-reward mechanisms, offer a competitive edge, traders are reminded of the inherent risks associated with Martingale-based strategies. Diligence in backtesting and vigilant risk management remain paramount. As always, it’s crucial to balance automation with informed decision-making.