This Price Action Robot is a price action based Breakout Robot that is Free to Download. This automated system is engineered to execute trades by capitalizing on significant price level breakouts, a technique with roots as old as the markets themselves.
The Breakout Robot is a testament to the enduring power of breakout strategies, which professional traders and hedge funds have utilized for decades. The system’s core strategy hinges on price action to determine important price levels for trades. The price action robot gives traders a formidable edge by not using commonly used yet often lagging indicators.
It does not use dangerous trading methods like martingale or grid. Additionally, it doesn’t open more than one trade at a time; trades are opened using pending orders. All transactions are always protected by a small Stop Loss and take profit.
This price action robot can trade with a fixed lot or use an auto lot and increase the transaction size automatically, which is a useful feature for traders looking to grow their portfolios exponentially. This feature allows the system to adjust the transaction volume based on the deposit size, factoring in the profits earned. The maximum drawdown percentage is low for this Breakout Robot, which allows using this adviser on a small deposit.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how this Breakout EA works, then only use it in a real account.
Recommendations for Breakout Robot
- Minimum account balance of 100$.
- Work best on USDJPY, EURUSD, and GBPUSD. (Work on any pair)
- Work best on H1 TimeFrame. (Work on any TimeFrame)
- This price action robot trades at a strictly specified GMT time. The standard GMT offset is GMT+2 in winter and GMT+3 in summer. If your broker’s timezone is different, you should change the “GMT Offset” input parameter.
- This Breakout Robot should work on VPS without interruption and low latency to reach stable results. So we recommend running this free forex EA on a reliable VPS (Reliable and Trusted FOREX VPS – FXVM)
- Low Spread account is also Recommended (Find the Perfect Broker For You Here)
Conclusion of Price Action Robot
In summary, the Price Action Robot is a free breakout trading system that eschews traditional indicators for price action, avoiding risky strategies like martingale and grid. It’s designed for safety with one trade at a time, protected by Stop Loss and Take Profit, and offers flexible lot sizing for portfolio growth. Suitable for small deposits, it promises a lower drawdown, making it a prudent choice for traders.