Discuss Weekly Breakout expert advisor here. It is based on a very simple strategy of breakout trading. You can ask any questions about this expert advisor here.
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Weekly Breakout
- Thread starter Enivid
- Start date
- Watchers 3
Hello Enivid,
thank you for the new EA!
Is it possible to let the trade open during the next weeks when the trade is in profit or will every trade close before a new trade during the next week is possible?
I think it can be better to have more then one open trade during a longer strong trend.
Will it works for non-forex symbols too?
Have a nice weekend!
(There is a little mistake in the link from the EA list to here. Oktat link.)
thank you for the new EA!
Is it possible to let the trade open during the next weeks when the trade is in profit or will every trade close before a new trade during the next week is possible?
I think it can be better to have more then one open trade during a longer strong trend.
Will it works for non-forex symbols too?
Have a nice weekend!
(There is a little mistake in the link from the EA list to here. Oktat link.)
Yeah. Assuming that you are using MT4 version, just remove or comment out the line #72 in the source .mq4 file. You will have to close positions manually then, of course.
Should work. Let me know if it does not.
Thanks for reporting!
No, I didnt remove this or other lines. I get the error alert after compiling the normal version.
Yeah, there was a bug. It would open a new pair of pending orders each time a timeframe is switched or a platform is restarted. I have fixed it now. Please download a fixed version.
For using the EA on D1 time frame there is another problem when it runs on a account with a Sunday bar (for example Active Trades) because orders will be made after the start of the week and a short time later again when the monday period begins. And the monday trades will use the one (or few) hour(s) sunday range for SL and money managment.
Is there a possibillity to ignore the Sunday bar and to let trade the EA on Monday first?
Is there a possibillity to ignore the Sunday bar and to let trade the EA on Monday first?
Im testing this EA on Dow30 stock CFDs, weekly and think that it would be useful not only to continue the trade on the next week(s) provided you are in gain, but the original stop loss should be changed as a trailing stop.
As an example, you go long, week ends with a 2% gain, the original stop loss will be moved to the previous week candle LOW (high if you went short). That's way you are able to catch strong trending markets. Hope someone can modify this EA in this way.
As an example, you go long, week ends with a 2% gain, the original stop loss will be moved to the previous week candle LOW (high if you went short). That's way you are able to catch strong trending markets. Hope someone can modify this EA in this way.
This EA is not intended to be run on D1, it is for Weekly timeframe only.
There are too many ways to add TS to this EA. Since my tests did not suggest that it will add a definite and clear benefit, I leave this feature unimplemented. The EA operates on a weekly timeframe, so there should be nothing difficult in moving the stop-loss manually, using any TS rule you deem appropriate.