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High/Low Breakout Scalper
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Old 06-06-2006, 07:48 AM
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Default High/Low Breakout Scalper

This expert advisor buys when price is above yesterday high and sell when below yesterday low. It closes the order when price reaches target net profit (5 pips ) or net loss (-5 pips) or when it's opened for 5 minutes.

Parameters and Features:
  • Redefinable breakout pips. (Breakout_Pips = x pips away from yesterday High or Low)
  • Order lifetime = 5 minutes. (Order_Life_Mins = x mins)
  • Time session filter. (From_Hour, From_Min, To_Hour, To_Min, 00:00 to 24:00 chart time by default)
  • Initial stop loss = 3 pips + 2 pips spread = 5 pips net loss.
  • Initial take profit = 7 pips – 2 pips spread = 5 pips net profit.
  • Mini account support. (Pip_Value = 1 for Mini)
  • Multiple pairs support.

Enjoys!
Attached Files
File Type: mq4 HiLo Breakout.mq4 (15.4 KB, 1624 views)
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Last edited by scorpion : 06-06-2006 at 08:16 AM.
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