The Price Action Robot is a free-to-download automated trading system focused on breakout strategies based on price action. Designed to capitalize on significant price level breakouts, this robot employs a time-tested technique that has been a staple in trading for decades.
Features of the Price Action Robot
The Breakout Robot exemplifies the enduring effectiveness of breakout strategies, commonly used by professional traders and hedge funds. Its core approach relies solely on price action to identify critical price levels for executing trades, providing a distinct advantage by avoiding commonly used, lagging indicators.
This robot avoids risky trading methods such as martingale or grid strategies. It is designed to open only one trade at a time, utilizing pending orders to manage entries. Every trade is secured with a small stop loss and take profit, ensuring that risk is effectively managed. 
Traders have the option to use a fixed lot size or activate the auto lot feature, which adjusts the transaction size automatically based on account balance and profits. This capability is particularly beneficial for those aiming to grow their portfolios significantly. Additionally, the robot maintains a low maximum drawdown percentage, making it suitable for use with smaller account balances.
Recommendations for Using the Breakout Robot
Minimum Account Balance: $100.
Best Currency Pairs: Ideal for trading USDJPY, EURUSD, and GBPUSD, though it can be used on any pair.
Optimal Timeframe: Works best on the H1 timeframe but is compatible with all timeframes.
Trading Hours: This robot operates at a specified GMT time, typically GMT+2 in winter and GMT+3 in summer. If your broker operates in a different timezone, adjust the “GMT Offset” input parameter accordingly.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
