The MT4 Breakout Level EA is a sophisticated automated trading robot primarily engineered for the USDJPY currency pair, though it offers adaptability for other pairs as well. This Expert Advisor (EA) specializes in identifying potential breakout levels within specific price patterns and executing trades that align with these breakouts. Designed to minimize slippage and enhance trading performance, even in volatile conditions, the MT4 Breakout Level EA prioritizes safety by steering clear of high-risk strategies such as Grid and Martingale.
Key Features of MT4 Breakout Level EA
1. Breakout Level Identification
The MT4 Breakout Level EA leverages a proprietary algorithm to detect potential breakout levels within various price patterns. This capability enables the EA to pinpoint critical price points where significant market movements are likely to occur, presenting traders with valuable trading opportunities.
2. High Ping Resistance
Engineered with unique coding logic, the EA maintains optimal performance even in environments with high latency. This high ping resistance ensures that trading quality remains uncompromised, allowing traders to execute strategies efficiently regardless of network conditions. 
3. Pending Orders to Reduce Slippage
To mitigate the risk of slippage during rapid market movements, the EA strategically places pending orders. This approach ensures faster execution when breakouts occur, reducing the likelihood of price discrepancies and enhancing overall trade reliability.
4. Strict Risk Management
The MT4 Breakout Level EA employs stringent risk management protocols for every trade. Each position is executed with a predefined stop-loss, ensuring that risk is meticulously controlled. By avoiding risky strategies like Grid and Martingale, the EA offers a safer trading environment for those cautious about potential losses.
5. Authentic Backtesting
Transparency and reliability are paramount with the MT4 Breakout Level EA. The backtesting results showcase a steady growth trajectory, reflecting genuine performance without the overfitting or manipulation commonly associated with some other market EAs. This authentic backtesting builds trader confidence in the EA’s capabilities.
6. Preconfigured Set Files
To facilitate ease of use and optimal performance, the EA comes equipped with preconfigured set files. These files provide all necessary settings and parameters, enabling traders to deploy the EA quickly and effectively without the need for extensive manual configuration.
Recommendations for Using MT4 Breakout Level EA
The MT4 Breakout Level EA offers multiple setup configurations to cater to different trading styles and risk appetites. Below are the recommended setups:
Set A
- Currency Pairs: USDJPY (primary), EURUSD, USDCAD
- Timeframe: M30
- Take Profit (TP) / Stop Loss (SL): 300/50 points
- Lot Size: 0.01
- Minimum Deposit:
- Conservative: $350 (USDJPY only) / $550 (multicurrency)
- Moderate: $250 (USDJPY only) / $400 (multicurrency)
- Aggressive: $150 (USDJPY only) / $250 (multicurrency)
Set B
- Currency Pair: USDJPY
- Timeframes: H1 & H4
- Lot Size: 0.01
- Minimum Deposit:
- Conservative: $550
- Moderate: $400
- Aggressive: $250
Set C
- Currency Pair: USDJPY
- Timeframes: H1 & H4
- Lot Size: 0.01
- Minimum Deposit: $50
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
