Swing BreakOut v1.01 EA MT5

Swing BreakOut v1.01 EA MT5 Overview

Key Features:

• Timeframe: M30
• Currency Pairs: Multiple uncorrelated instruments, including forex pairs, equity indices, energy commodities (such as oil and gas), industrial metals (like copper and nickel), and precious metals (such as gold and silver).
• Strategy: Trend following and breakout system that aims to exploit price momentum and trend persistence.
• Minimum Deposit: Variable

Strategy Details

The Swing BreakOut v1.01 EA MT5 is designed to capture trading opportunities by following trends and identifying breakouts. Here’s how it works:

1. Trend Following Approach:
   • The EA identifies trends in the selected instruments.
   • It waits for a signal that confirms the trend direction.
   • Once a trend is detected, the EA opens a position in the direction of the trend.
2. Breakout Trading:
   • The system focuses on breakouts from consolidation patterns.
   • When a correction occurs along the current trend, the EA waits for the correction to complete.
   • After the correction, it looks for a signal indicating the continuation of the trend.
   • Once the signal is confirmed, the EA opens a position.
3. Instrument Basket:
   • The EA is best traded on a diversified basket of uncorrelated instruments.
   • Suitable markets include forex pairs, equity indices, energy commodities, industrial metals, and precious metals.
   • Diversification helps manage risk and maximize long-term gains.

1. Equity Curve and Win Rate:
   • The equity curve may be less regular than a mean reversion system.
   • The win rate might be lower, but winning trades tend to be larger than losing ones.
   • Overall gains are usually higher when traded on appropriate markets.
2. Complementary System:
   • Consider running this system alongside a mean reversion strategy to diversify your portfolio.
   • Optimization and backtesting on your target markets are essential.

Get Started