Break Scal System

[Snatch the moment of breakout! Breakout Scalping System] XX This EA... XX If you have experienced Forex, you have probably tried the "breakout strategy. However, many of us have had a bad experience with the "breakout strategy". Breakout strategies may no longer be nothing more than a prey for institutional investors... but still, breakout strategies are one of the most popular strategies today because of their simplicity. What that suggests is that...The "breakout moment" is the point at which prices jump.This is something that does not change universally. The EA whose strategy is to snatch that "moment" is thisThe Breakscal System."It is. With r9, we now support "open price stop mode!" When the open price + α pips is secured, the stop is moved to the position of the open price + 0.5 pips (considering slippage) to prevent the stop from falling into negative territory, thereby further reducing drawdown (Default ON ). Currency Pairs Basically, we have confirmed the superiority of any currency pair with an average spread of 1 pips or less, but the currency pairs that are particularly compatible with this EA are "Eurodollar" > "Dollar-Yen" > other pairs. The reason being... (1) Spreads are difficult to open due to high trading volume (a prerequisite for scalable EA). (2) Prices tend to move unilaterally when indicators are announced. This point (2) is particularly unique to this EA. This EA is designed to maximize profit even in the case of (2). The normal profit margin is 5 pips (*default setting), butBy taking advantage of the fact that ticks fly when indicators are announced, you can snatch up a larger profit margin than that. That part does not appear in the back test, but the effectiveness of this area has been verified in actual operation (*verified by Alpari Japan). Function added in r3*. If the result of an indicator announcement results in a one-way move, you can enjoy the above benefits, but if the result swings up or down, it will work to your disadvantage. If you wish to avoid entry during important indicators, you can set SpreadFilter to true to avoid this to some extent. In the case of the U.S. employment statistics, it is safe to set MarketCloseFilter = true and NoEntryHours >= 9, as the market is expected to be unstable until the market closes. Recommended Vendors○ As mentioned above, we recommend using a firm with an average spread of about 1 pips for the recommended pairs and with no large spread differences between time zones (we do not use special instructions, etc., so basically any firm should be able to work). We have confirmed that backtesting assuming a fixed spread of 1.2 pips based on the worst value of domestic MT4 providers can still be profitable (PF 1.07 based on measurements from 1/1/2014 to 12/3/2012). We believe that any firm whose spreads are basically less than this value will have a positive transition. If we also add the positive factor of using tick jumping when an indicator is announced, we believe that the value is high enough to be competitive in practice. ○ Parameter set value ○○ The parameters that can be set are as follows (default values in parentheses) Lots = 0.1 　→Number of lots (minimum 0.01) 　→ If MMM = true (compound interest function ON), this parameter is ignored. MM = false 　→If MMM = true (compounding function ON), this parameter is ignored. MaxLotsForMMM = 1.0 　→(Effective only when MM = true) When the compound interest function is applied, the number of lots will be limited to this value if the number of lots is greater than this. PercentageForMM = 1.0 　→(Effective only when MM = true) Sets the maximum percentage of total assets that can be lost at a single maximum stop loss (SL_Pips value) in the compound interest function. MM_Mode = Free Margin 　→Selects the total assets on which the compounding function is calculated. 　　Free Margin: Calculated based on excess margin. 　　Equity: Calculated based on net assets (including unrealized gains/losses). 　　Balance: Calculated based on account balance (excluding unrealized gains/losses). 　→The safest setting is Free Margin; when using Equity or Balance as the basis, if there are other EAs in operation in the same account, orders may not be placed due to insufficient margin. MM_MinLots = 0.01 　→If you wish to compound interest at a firm where the minimum trading unit is 10,000 currency units, please set "0.1". MagicNo = 1500 　→MagicNo = 1500 -> This is the magic number used in this EA. *Important note on MagicNo*. Although this EA has been confirmed to be valid for multiple currency pairs, be sure to set different values for MagicNo when setting this EA for multiple charts. Please note that if the same MagicNo is set for multiple charts, they will conflict with each other and orders will be repeatedly placed and cancelled. Scal_Pips = 8 　→Define the number of pips that will be the profit margin for one scalp. Position_Lifetime = 24 　→Defines the maximum time to hold a position (unit: 15 minutes). 　　Default value is 15 minutes dis 24 = 6 hours. Spread Filter Related Parameters SpreadFilter = false 　→When set to true, the stop loss will be canceled if the spread widens beyond a certain level. 　　Also, a new stop loss will not be set while the spread is widening. MaxSpread = 5 　→This function works when SpreadFilter = true. 　　The spread filter will function if the spread widens beyond this value. 　　If the value is too small, orders will be placed and cancelled frequently, so please set an appropriate value depending on the vendor. WaitingToNextFoot = false 　→If set to true, once an order is cancelled by the filter, no new order will be placed until the current leg is confirmed. Use this setting if you wish to avoid frequent order and order cancellations. Pre-Market Close Filter Related Parameters MarketCloseFilter = false 　→Set to true to disable entry before the market close. NoEntryHours = 6 　→Functional if MarketCloseFilter = true. 　　No new orders will be placed before this time (6 hours by default) from the market close. 　　If this is the default setting, there is theoretically no carry-over to the following week. Difference_from_EET = 0 　→Specify the time difference from EET time. 　　For OANDA, FXTF, etc., there is no need to change this. 　　For other vendors, please ask us in the community and we will answer your question. (Reference: Set values of main traders) OANDA JAPAN, FXTF: Default values can be used. FXTF: Default value can be used. For firms that do not allow both sides to be traded CrossTradeMode = true 　→CrossTradeMode = true - Set to "true" to set the cross trade mode, and set to "false" to disallow both sides of the trade. 　　If you are using OANDA JAPAN's basic account, etc., set this to false. Advanced Settings 　(Usually no change is necessary, but please use this setting if you wish to make more detailed settings.) AccurateMode = false 　→Set AccurateMode = false to increase the accuracy of entries. 　　However, since the number of entries will be considerably reduced, it may be necessary to increase the Scal_Pips parameter to increase the profit margin per entry, or to adjust the stop loss value as well. 　　Please back-test before using this mode. IntelligentStop = true 　→By setting IntelligentStop to true, the system will calculate and set the stop loss value. 　　Based on the default value, the stop loss is set flexibly in the range of approximately 30-60 pips. 　　If SL_Pips is the default value of 50 pips, the stop loss value will be set in the range of 30 to 50 pips. TP_Pips = 50 　→TP_Pips = 50 -> This is the set limit value (fail safe) at the time of entry. Normally, the profit will be confirmed under the Scal_Pips condition, so there is no need to change this value as it does not affect performance. 　　If you want to set Scal_Pips to 50 or higher, change this value. SL_Pips = 50 　→The stop loss value can be changed arbitrarily. 　　However, due to the characteristics of this EA, we do not recommend setting too small a value, such as less than 30 pips, so if you set such a value, please verify it in a back test. QuotationStopMode = true 　→This is the quotation stop mode. 　　The default setting is true, but this function may not be activated by some firms. 　　If this function does not work, please set it to "false" (even if it is set to "true", the operation will not be affected). 　　We have confirmed that this function works correctly at OANDA JAPAN. LogicalQuoteStop = true 　→If QuotationStopMode cannot be used due to the existence of a stop level, such as at FXTF, setting this value to true will enable the use of Logical Quotation Stop Mode. 　　Please note that this setting is not set by the stop price, and may be affected by slippage. QuoteStopPips = 2.0 　→When this amount of pips is secured from the open price, a stop is placed at the open price + [QuoteValue] pips. 　　Some firms may require you to put in a larger value (which will be displayed as a comment on the chart). 　　If you get a warning, change QuotationStopMode = false or LogicalQuoteStop = true, or set this parameter to a value greater than the commented value on the chart. QuoteValue = 0.5 　→This value defines the minimum profit margin in open stop mode (unit: pips). 　　Basically, there is no need to change this value, but if you wish to increase the minimum profit margin in consideration of slippage, commissions, etc., change this value. QuotationStopMode2 = true 　→(Note that if QuotationStopMode = false, this setting is considered invalid even if it is set to true.) 　　Enabling this setting allows the stop point to be shifted further before the profit stop position. QuoteStopPips2 = 5.0 　→If this amount of pips is secured from the open price, the stop will be placed at the open price + [QuoteValue2] pips. QuoteValue2 = 3.0 　→This value is used to define the profit margin in the open stop mode (second step) (unit: pips). TPsetMode = false 　TPsetMode = false → This mode sets the settlement limit price at the position where the profit stop is scheduled to be made. 　　We recommend that TPsetMode be set to false, but set it to true in environments where positions cannot be constantly monitored, such as in environments where continuous line breaks are likely to occur. SuddenChangeAvoid = false 　→This mode avoids entry for a certain period of time after a sudden change in the market. SuddenChange_Threshold = 50 　→This is the threshold (in pips) at which a sudden change in the market is considered to have occurred (when SuddenChangeAvoid mode is set to "true"). PauseTime_onSC = 96 　→If the market suddenly changes (when the "Avoid Entry after Market Sudden Change" mode is set to "true"), the market will refrain from further entries (default: 1 day) until the number of legs set here has been determined. Function added in *r25*. BuyStop_Offset = 0 　→Shifts the position of the buy stop by Pips (+ to move it away and - to move it closer). SellStop_Offset = 0 　→SellStop_Offset = 0 -> Shifts the position of the sell stop by pips (+ to move away from the stop, - to move closer to the stop). TradeTimeFilter = false 　→Set this to true to restrict the trading hours. TradeStartHourEET = 10 TradeEndHourEET = 20 　→(Valid only if TradeTimeFilter = true) Specify the trade start and end time in EET hours (time specified, default is 10:00 to 20:00 (Europe time to NY time)). RolloverFilter = false 　→This setting is for firms that do not allow orders to be placed during rollovers. 　　If set to true, stop orders will not be placed for a specific time period every day & orders, if any, will be deleted. TargetHourEET = 0 StopMinutes = 10 　→When setting the rollover mode, stop orders are not executed for [StopMinutes] minutes before and after [TargetHour] time (0 < TargetHourEET < 24, 0 < StopMinutes < 60). 　　For most traders (around 6:00 AM summer time, around 7:00 AM winter time), "TargetHourEET = 0". Note: When using the TradeTimeFilter and RolloverFilter, the "Difference_from_ET" value must be set correctly. If the value is set incorrectly, order suppression will not occur at the expected time. TimeFilter = false 　→ If set to true, limit orders will not be placed during a specific time period. 　　(Set within the range of [TimeFilterStartTime] to [TimeFilterEndTime]) 　　*Set the range using your PC time. ○○Open price stop mode We have added a new open stop mode to reduce drawdowns, but there is no significant difference in the final results in the back test, and the recommended value is being verified in the forward (currently recommended to be ON). Forward testing with the open stop mode turned off is[Click here](*Please note that the forward start dates are different.) Other notes on specifications This EA will enter the market at the stop loss price according to the trend filter, but the order may be cancelled once the trend condition is no longer met. Please note that order cancellations may also occur due to conditions other than the spread filter and time zone filter. When this EA is reconfigured or restarted, all stop orders set by this EA will be cancelled. Please note that if the entry conditions are not met at that time, the order will not be placed again. However, if the entry conditions are met again, the order will be placed normally, so there is no problem with the operation. If the EA or MT4 is terminated or communication is interrupted for an extended period of time while a stop order is entered, the position will not be managed if the stop order is executed during that time. If such a situation occurs, please use your discretion in handling the settlement. Finally... If you have any questions, please comment in the community or elsewhere. We will try our best to answer as many as we can! That is all.