Breakout dynamo. RSI and envelopes MT4 Expert advisor ™ TFK ALGO

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€14.90
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Product Details

Breakout dynamo. RSI and envelopes MT4 Expert advisor

Breakout trading expert advisor that is based on solid and time tested rules. Those rules are applicable across all timeframes and FX instruments. EA includes several innovations making it one of the best performing breakout trading systems in our portfolio. Trend and momentum is identified by applying doubled RSI filter. Breakouts occuring in its direction have much higher win rate. Signal is robust, defined by breakout candle and its volume. Entry occurs only upon signal completion (breakout candle close). System follows the breakout for as long as market permits. This is done by using advanced trailing stop, based on the tunnel that just got broken. Price returning within tunnel will create suitable exit point. Risk reward ratio of the whole system will remain positive. System achieved profit factor nearing 1,5 while winning only 40 percent of trades. Aggression of the system can be fluently modulated by applying it on multiple currency pairs simultaneously, or allowing it to open more than one trade per instrument. Naturally, system come with spread and slippage filter.

How does it work

Trend is identified using doubled RSI filter. Breakout will be traded only in this direction. Breakout candle with defined size, growing volume must surpass previous low/high. Previous close occured within Envelopes tunnel. Trailing stop is placed upon the entry. It will be based on envelopes line that just got broken. Take profit based on envelopes tunnel width (used deviation) is also placed.

Inputs used in expert advisor

  • RSI trend filter ( doubled, different period for each) : Central gap, distance below and above 50 line in the indicator. Buy above 50. Sell below 50. Central gap value will modify sensitivity of the expert to the trend and momentum.
  • Signal (breakout) candle size max/min. Signal is also based on breakout bullish/ bearish candle. We define its body size. Larger the candle, more momentum is present in the trend. Signal candle must close in the direction of trend defined by the trend filter. Previous candle close was within the tunnel range.
  • Envelopes (deviation, period): Envelopes will draw tunnel. Brekakout will be signaled by price closing either above or below the tunnel while previous candle closed within tunnel.
  • Universal trailing stop (Extra deviation for the trail stop). TS is adjusted after each candle close. It is based on envelopes line that just got broker (signaled breakout). TS will be adjusted in the direction of winning trade only. Extra deviation can be applied to cover more distance (EA will be better able to follow the trend).
  • MAX number of trades: Expert advisor can work with more than one trade opened per side.
  • Volumes: volume value of signal candle must be larger than on previous candle.
  • MAX slippage:
  • Spread filter: Define maximum acceptable spread for expert advisor to enter the trade.
  • Extra points for profit target: Tunnel width is used as profit target. This input allows to increase take profit ditance.
  • Lot size: Define the lot size for each trade executed by the expert advisor.

RULES of the expert advisor

SELL:


  1. RSI trending below 50 line minus the central gap value (for both RSI filters). This is considered to be a downtrend.
  2. Price closing below bottom envelopes line while previous close was within the tunnel.
  3. Price closing with bearish breakout candle with defined body size (min – max).
  4. Upon the entry, trailing stop is placed at the bottom envelopes line + extra deviation of the TS above.
  5. Take profit is also placed by the system, Extra points for profit target may be applied.
  6. Postion is closed either by TS or TP.

BUY:


  1. RSI trending above 50 line plus the central gap value (for both RSI filters). This is considered to be a uptrend.
  2. Price closing above upper envelopes line while previous close was within the tunnel.
  3. Price closing with bullish breakout candle with defined body size (min – max).
  4. Upon the entry, trailing stop is placed at the upper envelopes line - extra deviation of the TS below.
  5. Take profit is also placed by the system, Extra points for profit target may be applied.
  6. Postion is closed either by TS or TP.

Test Results (Tick EURUSD 1H, 2003.01.01 - 2016.11.24)


  • Modelling quality 90.00%
  • Mismatched charts errors 0
  • Initial deposit 2000.00
  • Spread 10
  • Total net profit 4446.34
  • Gross profit 13843.58
  • Gross loss -9397.24
  • Profit factor 1.47
  • Expected payoff 16.23
  • Absolute drawdown 47.31
  • Maximal drawdown 726.68 (10.68%)
  • Relative drawdown 26.47% (703.02)
  • Total trades 274
  • Short positions (won %) 124 (46.77%)
  • Long positions (won %) 150 (43.33%)

Expert advisor is based on transparent and fully tested forex strategy.

Original and transparent MT4 expert advisor. Developed and created by professional FOREX traders at www.theforexkings.com . Tested for profitability on EURUSD tick data since 2003. Thousands of viable input combinations available for EURUSD alone. Works with any timeframe and any FX pair.

Main features of this expert advisor:

  • Tested on high quality tick data: High accuracy testing on EURUSD tick data (1H). 100+ Viable inputs combinations for EURUSD pair alone.
  • All inputs unlocked: You can adjust and modify your expert inputs. It can be then applied on any time frame and any currency pair. You can modify the settings at will to achieve the best possible results and make the expert suit your needs.
  • Transparent expert advisor: No smoke and mirrors. Rules are clearly stated and functionality can be easily verified by manual charting on forward or historical data.
  • Works with most of the MT4 Forex brokers: Our expert advisors were adjusted to work with almost any MT4 FOREX broker.
  • Works with any time frame: Simply drag and drop the expert on time frames you would like to use.
  • Works on any currency pair
  • Expert advisor will not draw any indicators in your chart.

Disclaimer and user agreement:

Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

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MT4 Expert advisor will work according to the description.You Backtest will match results of our backtest (using same test and inputs ). Expert advisor will work with your broker.

30 day money back guarantee.If expert doesnt closely match our test results, run the same test (timeframe, inputs, type).Send us the report. Allow few days to analyze and refund.

One time payment secured by PayPal. Lifetime license. FREE updates and support. You will recieve link for EX4 file immediately after the purchase. Download link will be also send to your email.

Easy, drag and drop installation.

 You will recieve EX4 file is ready to use. Copy the file into your MT4 Expert advisors folder and restart the platform.

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com

DEVELOPED BY PROFESSIONALS

We are experienced Forex traders and developers, trading consistently since 2006. We have developed hundreds expert advisors both for ourselves and our clients.  We know what works and what doesn't in the FOREX . 

TRANSPARENCY

OF RULES

Each system is published with total transparency. Rules are stated in full. Each trader can verify system results by simply applying the rules on his chart. No smoke and mirrors, no overpriced secrets.

TESTED WITH

HIGH ACCURACY

Each of our systems is tested on more than a decade of high quality historical data. Each system must be robust enough, to have at least 100+ profitable inputs combinations. We use very robust candle based testing model (results are not dependent on unstable tick data).

200+ MT4 Expert Advisors

Only during 2016 - 2017 we have created (and published), more than 200 unique expert advisors. To be able to create 200 historically profitable EAs we had to create upwards to 400 other trading robots that failed our tests.This makes us one of the most prolific developer of trading systems in the world.

WIDE VARIETY

OF SYSTEMS

We do not discriminate. We test and produce all types of systems believing that there are countless ways to profit in the forex market. From ultra aggressive systems to conservative systems that will open a trade only once or twice per year. 

WHAT TRADERS SAY