Forex EA Name: Breakout Chasing Forex EA - Segmented Exits. The EA determines entry based on the trend indicated by the MA indicator, primarily trading in the major trend direction. When the trend is identified as bullish or bearish, it enters positions. Segmented exits are executed based on the trend, with the option to set exit ratios and individual take-profit levels. If the trend reverses, an immediate stop-loss exit is triggered. Advantages: Single trade at a time with stop-loss and take-profit, suitable for one-sided market trends, low risk in the breakout and chase mode, segmented closing to lock in profits.
Minimum Initial Capital: $100 USD;
Recommended Currency Pairs: EUR/USD, GBP/USD, GBP/JPY, USD/JPY, XAU/USD, and other high volatility currency pairs;
Recommended Timeframe: H1;
Attached is the backtest data for the EUR/USD.
Forex EA Installation Steps:
After purchase, copy the Ex4 file to the MQL4/Experts directory in your MT4 platform.
Restart the MT platform (or in MT4, go to 'View' -> 'Navigator' -> right-click 'EA Trading' -> Refresh).
First, open the currency pair and drag the strategy onto the chart. You don't need to open charts for other currencies.
There is no 100% accurate trading system in the world. Any excellent trading system also has periodic flaws. Having more reference signals is equivalent to having more guidance and suggestions. Wishing everyone success!
