Forex Line EA Version 5 Breakout Mode

Forex Line EA Version 5 is automatic robot trading work on MT4 platform.
It is work based on Forex Line Indicator Arrow Mode and Breakout Mode (Day Trading Strategy)
There is two modes created for the Forex Line EA

Forex Line Breakout Mode function

SR Time Interval (8)
Time Setting for Breakout Line appear on chart (8) = 08:00 am ICMARKET time before Europe & London Session and Set (3) for Asian Session

SR Time Interval End (8)
Time Setting after 8 hours market open (8) = 08:00 am ICMARKET time before Europe & London Session and Set 3 for Asian Session

Breakout Mode (True)
Set True to enable the Forex Line EA Breakout Mode

Breakout Closed Arrow (True)
Set True to enable arrow closed mode (Close Open trade when arrow coming after Breakout)

Breakout Closed SNR (True)
Set True to enable SNR closed mode (Close Open trade when touching Support or resistant line)
Auto SL at Support if resistant breakout and Auto SL at Resistant if Support Breakout

Stop Loss & Take Profit (0)
Leave SL and TP empty if enable Close mode Arrow or SNR

TOD From Hour (8)
Time Setting for EA to start trading (8) = 08:00am ICMARKET time before Europe & London and Set (3) for Asian Session

TOD To Hour (24)
Time Setting for EA to end trading (24) = 24:00pm (EA start trade from 08:00am until 24:00pm)

MM Martingale Start (0.01)
Start Lot size setting. Set 0.01 for min lot size. EA will trade using 0.01 lot.
You can set a fixed lot size by disabling the Martingale loss factor – change the size to use a different lot.

MM Martingale Loss Factor (1.0)
Martingale Loss Factor will double the lot size after the last trade is Loss
Set 1.0 to disable Lot factor increase. Lot Size fixed based on Martingale Start
Set 2.0 to double the lot size after a loss in last trade (0.01-0.02-0.04-0.08-0.16)

MM Martingale Restart Profit (True)
Reset lot size to restart from the size set on Martingale start

How Forex Line breakout mode works?

How Forex Line EA Open Trade

EA open trade Buy when candlestick touch or cross Resistant Line
EA open trade Sell when candlestick touch or cross Support Line
EA start trade from 08:00 until 24:00 based on your broker time
You can adjust SR Time and TOD Hour from (8) to (3) for running EA on Asia session
Please note some broker have different time session for Market trading Current time setting it based on ICMARKET Broker trading session

How Forex Line EA Take profit, Close Trade, and Exit Trade

Take profit: Use arrow close mode or Set Take profit in pips.
Exit trade: Forex Line EA will Auto Exit if arrow come out after open trade at support or resistant line
Stop Loss: Stop loss is set on Support if BUY and at Resistant if SELL
Forex Line EA will Auto Close if candlestick touch Support or Resistant Line
If not using Breakout closed arrow make sure to set Take profit at minimum 10pips maximum 100pips

How to run & choose pairs Forex line EA Version 5

Forex Line Version 5 breakout mode is recommended for Scalping and Day Trading on Timeframe M15
Recommended for pairs EURUSD, EURGBP, EURJPY, EURCHF, EURCAD, GBPUSD, GBPJPY, GBPCHF, GBPCAD, CADJPY, CADCHF, USDCAD, XAUUSD, STOCK MARKET, VOLATILITY INDEX,
Not recommended for pairs NZD and AUD if running on Europe and London Session
Can run more than 10 pairs for day trading 08:00 to 24:00. Run single pair for weekly trade Monday to Friday (Remember to choose sideway pair for day trading)

Why not recommended run Forex Line EA on NZD and AUD pair?

Why pair EUR and GBP are recommended to run EA because the pair is sideway during Asian session

FOREX LINE EA V5 TEMPLATE

To run EA just right click the chart and load the EA template setting are already setup
You can edit 0.01 lot size if using a bigger lot for fixed lot size template

Forex Line EA Version 5 is available free and purchase check out below

FOR FREE RECOMMENDED BROKER MORE ID
https://forexlineindicator.com/index.php/free-indicator-ea

FOR PURCHASE ANY BROKER ONE ID
https://forexlineindicator.com/index.php/buy-forex-line-indicator-ealifetime-use

Be the first to comment

Leave a comment

Open