NEWS and Breakouts MT4 Expert advisor by TheForexKings

SKU 00205
€24.90
In stock
1
Product Details

Semi automated, professional trading tool. This expert advisor is designed to trade news and breakouts with extremely positive risk reward ratio (1:10 to 1:100). It uses, user defined tunnel to apply pyramiding. EA will progressively add to the winning trades, while keeping the loss limited to initial value. User must manually define price value which he wishes to trade (buy above, sell below price of a tunnel). EA can trade multiple breakout/news strategies widely considered as profitable.

Inputs and settings:

  • Allow trading: TRUE input will allow trading on chosen instrument. False setting will disable trading. Warning: Only allow true setting on one instrument per account at the same time!
  • User defined tunnel (trading range):

SELL below price: User defined price. EA will sell below this price, adding to the winning trades.
BUY above price: User defined price. EA will buy above this price, adding to the winning trades.

  • Pyramiding module: If trade exists, new trade can only be opened if overall account profit is greater than: Averaging interval*LOT SIZE*(NUMBER OF OPENED TRADES *NUMBER OF OPENED TRADES. Warning: EA works only on one currency pair per account. Also, manual trades cannot be opened while EA operates. To use on multiple currency pair, plot the EA on multiple currencies but allow trading only on one at the time.
  • MAX number of trades (10 to 20 in test): Expert advisor can work with more than one trade opened per side. This parameter will modify number of trades that can be opened per side at the same time.
  • Universal trailing stop (Extra deviation for the trail stop). TS is adjusted after each candle close. Placed below last candle low for long orders and placed above last candle high for short orders. Extra deviation can be applied to put TS further away from our entry. This step increases our chances to successfully follow longer term breakout. TS will be adjusted with each consecutive candle close, only in the direction of winning trade. TS act as a protection in unexpected events or connection loss. To disregard TS, increase extra deviation to unrealistic value.
  • Closing module: Expert will close all existing trades at once as soon as the overall account profit reaches target profit/max loss (put minus - before max loss value). Use only on one currency per account and do not open any other positions. Modify targets proportionally with lot size (in account currency). Note: After closing a trade, EA pauses for 60 seconds before another entry.
  • Magic number buy/sell: You can modify this number but do not use expert advisor with any other expert on account.
  • MAX slippage:
  • Spread filter:
  • Lot size:

Rules of the expert advisor

SELL

  1. Price moves below Sell below price input.
  2. EA will open sell trades.
  3. If price continues to move in the direction of initial trade, EA will open consecutive pyramiding (adding to the winner) trades (according to max number of trades).
  4. Distance between the trades depends on pyramiding module and user defined pyramiding interval (typically 20 to 150). Pyramiding interval depends on market volatility, currency pair and timeframe.
  5. All existing trades are closed on overall account profit or max loss inputs. TS can be also used to close the trades in profit or loss.

BUY


  1. Price moves above Buy above price input.
  2. EA will open buy trades.
  3. If price continues to move in the direction of initial trade, EA will open consecutive pyramiding (adding to the winner) trades (according to max number of trades).
  4. Distance between the trades depends on pyramiding module and user defined pyramiding interval (typically 20 to 150). Pyramiding interval depends on market volatility, currency pair and timeframe.
  5. All existing trades are closed on overall account profit or max loss inputs. TS can be also used to close the trades in profit or loss.

Historical test results

Due to the semiautomatic nature of EA, it cannot be tested on historical data as standard EA.

  • Trader needs to browse previous historical data.
  • Find suitable trading scenarios (trafing ranges, news events)
  • Manually input the buy/sell price value for that range and run test for that date.
  • Repeat procedure until the rlationship between pyramiding interval and target profit becomes clear.

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