Ultimatum Breakout EA MT4

Ultimatum Breakout EA

Let’s create a valuable overview of the Ultimatum Breakout EA for MetaTrader 4 (MT4). This expert advisor (EA) employs a breakout strategy, aiming to capitalize on valid breakouts while minimizing risk. Here’s a structured breakdown:

Ultimatum Breakout EA Overview

• Strategy: The Ultimatum Breakout EA utilizes a breakout trading approach, relying on custom indicators to filter out false signals. It maintains a tight stop loss (SL) to safeguard against equity drawdown, ensuring a low risk-per-trade.

Key Features

1. Valid Breakouts: The EA identifies genuine breakout opportunities, avoiding false breakouts.
2. Small Stop Loss (SL): A very small SL is employed, preserving account equity even during adverse market conditions.
3. Risk Management: The EA adapts its lot size based on account balance, managing risk effectively.
4. Spread Consideration: It calculates the spread for pending orders, SL, trailing stop, and breakeven.
5. Backtesting and Optimization: The EA was rigorously backtested using real ticks with 99.9% quality and successfully stress-tested.
6. No Risky Strategies: No Martingale, arbitrage, or scalping techniques are used.

Strategy

The Ultimatum Breakout EA follows these steps:

1. Breakout Detection:
   • Monitors price levels for significant breakouts.
   • Custom indicators validate breakout signals.
2. Entry and Pending Orders:
   • Places pending orders (buy/sell) based on breakout confirmation.
   • SL is set very close to minimize risk.
3. Trailing Stop and Breakeven:
   • Adapts SL based on price movement.
   • Breakeven triggered when price surpasses a specified threshold.

Minimum Deposit

• Recommended Minimum Deposit: To use the Ultimatum Breakout EA effectively, consider starting with a minimum deposit of $500 or more.

Trading Parameters

• Timeframes: Optimal timeframes for the EA:
  • EURUSD: M30, H1
  • USDJPY: M30, H1

Broker and Execution Considerations

• Broker Selection:
  • Choose a broker with low spreads, low commissions, and high-quality execution.
  • Leverage of 1:100 or higher is recommended.
• VPS (Virtual Private Server):
  • Use a VPS server with minimal network latency to the broker’s server for reliable execution.
• Magic Numbers:
  • If using multiple EAs on the same account, ensure each EA has a unique magic number.

Conclusion

The Ultimatum Breakout EA combines breakout strategy with risk management, making it a valuable tool for traders seeking consistent profits. Remember to test it on a demo account before deploying it on a live account.