This Breakout EA is a fully automated EURJPY Breakout Robot specially optimized to trade on EURJPY pair. The core of this EA is built upon a breakout strategy tailored explicitly for the EURJPY currency pair. A breakout strategy capitalizes when the price moves outside a defined range, going above resistance or below support levels. By targeting the EURJPY pair, this EA leverages the characteristic volatility and price dynamics unique to this currency duo.
One of the standout features of this EA is its clear focus on risk management. Unlike many algorithms that depend on high-risk approaches like Martingale or Grid strategies, this EA employs none of those. There’s no double lot size increment, no averaging down, and no high-frequency trading gimmicks.
Each trade executed by this EA comes with a predetermined stop loss. This is crucial because if the market moves against a trade, there’s a limit to potential losses. It offers traders the peace of mind that, in the worst-case scenario, they know the maximum they can lose.
The developers further emphasize that users should expect the EA not to trade continuously. It’s a cautious algorithm, seeking opportunities rather than taking chances. This approach guarantees that the EA won’t overexpose an account or make impulsive trades. It’s built for the long game, with results expected over 1-2 months, not overnight.
Please test in a demo account first for at least a week. Also, please familiarize yourself and understand how this Breakout Robot works, then only use it in a real account.
Recommendations for EURJPY Breakout EA
- Minimum account balance of 50$.
- EA is specially made to work on EURJPY. (Work on any currency pair)
- It works best on M5. (Work on any TimeFrame)
- This EURJPY Breakout EA should work on VPS continuously to reach stable results. So we recommend running this MT4 EA Download on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- The EA is NOT sensitive to spread and slippage. But We advise using a good ECN broker (Find the Perfect Broker For You Here)
Open Tools –> Options –> Expert Advisors. Check the option “Allow WebRequests for listed URL” Add the following: “https://nfs.faireconomy.media” and press “OK.” The EA takes news from the specified websites.
Conclusion of this Breakout Robot
In a space where risk is inherent, having a tool that prioritizes capital protection while seeking profitable opportunities is a welcome change. This EA offers a promising solution for traders who value security and are patient enough to wait for genuine, risk-mitigated opportunities. The days of recklessly chasing profits might be numbered, with algorithms like this leading towards a more prudent and sustainable approach to forex trading.