STEALTH4 breakout expert advisor
We glad to offer you absolutely new powerful forex expert advisor for MetaTrader 4 - STEALTH4 EA.
STEALTH4 is a very flexible tool that allows you to create many different intraday breakout strategies. It's a result of many years experience of our traders and programmers. STEALTH4 EA - is a not just one of "press button and make a money" expert advisor. You could create and test numerous different strategies with many parameters, so you can always follow trend!
STEALTH4 have two main trading options: Breakout mode and Retracement mode. It provides you opportunity to trade both Trend and Flat market
Basic STEALTH4 EA options:
- you can select any working time for different trading sessions;
- it's good for all forex currencies;
- trade one or two orders in each direction with automatic SL movement after first TakeProfit;
- using only pending orders - Stop for Breakout mode and Limit for Retracement;
- double breakout mode protect against false breakouts;
- you can set all levels in pips or in percent from range;
- perfectly works with 4 or 5 digits brokers with all currencies
You can find more STEALTH4 EA reports with different setups at the Results page.
How it works
It calculates support and resistance levels for the some time interval (between RangeBegin and RangeEnd). It could be previous trading session for example. And then at the time of RangeEnd system place two pending orders in D pips from support and resistance values.
It could be either BuyStop and SellStop orders for Breakout mode or SellLimit and BuyLimit orders for the Retracement mode. (BreakoutMode=True for breakout and False for retracement mode)
Take Profit #1, Take Profit #2 and Stop Loss levels could be entered in pips (StopLoss(TakeProfit1,TakeProfit2)_percent=false) or in percent of the price range. Every level could be entered in pips or percent.
You can also use two Take Profit levels (TP1 and TP2). If you using only TP1 - trade will close at TP1 level (in pips or %). In case of TP1 and TP2 it will be opened two trades - first will be closed at TP1 and at the same moment Stop Loss level for the secont trade will be moved to entry point. So you will get TP1 profit and can wait for TP2 without any risk!
System also have protection against false breakout and place orders only after first breakout (for BreakoutLevel_pips) and retracement (for RetracementLevel_pips). It shown at the picture.
STEALTH4 input parameters:
- RangeBegin - time of the beginning previous range
- RangeEnd - range end time, placing pending orders
- StopTrade _ cancel of pending orders
- CloseTrade - close all trades
- D - distance between resistance/support levels and pending orders levels
- SingleBreakout - single breakout mode (true) or double breakout (false)
- BreakoutMode - breakout mode (true) or retracement order (false)
- BreakoutLevel_pips_percent - distance after first breakout to start waiting for retracement in (%)
- BreakoutLevel_pips - the same in pips
- BreakoutLevel_percent - use BreakoutLevel in (%)
- RetracementLevel_pips_percent - retracement value to complete first breakout in (%) of range
- RetracementLevel_pips - the same in pips
- RetracementLevel_pips_percent - use RetracementLevel in (%)
- StopLoss(TakeProfit1,TakeProfit2)_pips_percent - value in (%)
- StopLoss(TakeProfit1,TakeProfit2)_pips - the same in pips
- StopLoss(TakeProfit1,TakeProfit2)_percent - use parameter in (%)
- MinPrice - minimum distance from current price to pending order
- Lot - lot size
Now price of STEALTH4 forex expert advisor is only $199 (only until 31th March)* BUY NOW
Package includes .ex4 expert advisor file and user's manual in PDF