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Forex Breakout
If the market holds large volumes and a strong trend is moving, the price may pass through an existing support or resistance line, and not rebound from it. Breakout trend expert advisors can beneficially exploit this price behavior.
- If the price line breaks through a resistance level from below it up, it'll then returns to it during the correction but is not always able to break through it back again from the other side and keeps bouncing up from the level of the broken resistance line, so an upward trend is formed turning the broken resistance line into a support line after the breakout ends.
- If the price line breaks through a support level from above it down, when returns to it, the price isn't always able to break through it back again from the opposite side now, but ricochets off that level and continues slopping downwards forming a downtrend and turning the support line into a resistance line after the breakout.
- The price also can cross a support/resistance level back from the opposite side during the correction of a previous breaking through it, in this case, it returns to the previous price range, what is called a false breakout.
This Forex trading strategy was transformed by expert Forex programmers into automated Forex systems, and below are reviews of some of them that proved to be profitable:
Last Reviewed On:
Wed, 11 Jan 2023
Volatility Factor Pro trades by opening a basket of 4 positions maximum depending on market volatility, taking profit at 20 pips with hard StopLoss of 50 pips, this means that touching the SL for the 4 basket trades would mean a drawdown (4 * 50 = 200), this is a so much safer if compared to the older version which drawdowns could be in excess of 1500 pips of (380 * 4 = 1520) pips.
Last Reviewed On:
Wed, 11 Jan 2023
No exotic or speculative techniques are applied in Forex Trend Detector and it's not a slippage or spread dependent.
It detects the final moments of a volatile market trend or session, identifies the volatility limits below which the dominant market trend is, and don't ignore the special situations when those volatility limits occur near important market levels, predict price levels that should capitalize when the market is readjusted after the volatility breakout has occurred, and finally it sets an order based on that prediction.
It detects the final moments of a volatile market trend or session, identifies the volatility limits below which the dominant market trend is, and don't ignore the special situations when those volatility limits occur near important market levels, predict price levels that should capitalize when the market is readjusted after the volatility breakout has occurred, and finally it sets an order based on that prediction.
Last Reviewed On:
Wed, 16 Mar 2022
As the name suggests, Forex Combo System is a collection of several subsystems, four to be clear. The most accurate description that fits it is "four different EAs joined together". The result of such an EA could be considered "Pleasant" as you will discover this yourself after some further reading, It's an easy-to-use EA and is one of the most solid automated trading systems that I've ever seen.
Last Reviewed On:
Thurs, 12 Nov 2020
The base core of Professional Breakout Trading System is the market model Volatility Breakout, it opens and closes trades within one daily session. It captures large daily movements in the short-term trend direction that is determined by a built-in Trend Filter.
Last Reviewed On:
Wed, 20 Dec 2017
Professional Trading Portfolio is a merge of both Professional Breakout Trading System and Professional Reversal Trading System to work together, they are totally automated Forex systems coded for Metatrader4 platform.
Last Reviewed On:
Mon, 8 Aug 2016
Forex RobinVOL trades volatility breakouts and their retracements. It's not a scalper and opens additional trades whenever matching the first entry conditions, up to a preset count of trades which is 8 by default, and just trades at bar open.
Last Reviewed On:
Fri, 22 Apr 2016
Manhattan FX is a breakout based Forex robot without any martingale, arbitrage or grid strategies involvement.
Last Reviewed On:
Thurs, 3 Dec 2015
Forex Steroid is a breakout and trend detecting trader searching all the time for market's exploitable opportunities by the use of its unique adaptive trading logic to make as much profits as it can from them.
No martingale, grid, averaging or arbitrage tactics are involved. Its trading frequency average is about 4-5 trades a day.
No martingale, grid, averaging or arbitrage tactics are involved. Its trading frequency average is about 4-5 trades a day.
Last Reviewed On:
Fri, 9 Oct 2015
It employs a micro channel breakout strategy and scans the lower timeframes, so once a breakout occurs, the robot automatically opens a trade with a 200 pip SL and carefully manages it until its closure on average win of 11 pips or average loss of 21 pips. The EA sends its trading signals via a MySQL database.
Channel Trader PRO not a high frequency scalper as on average it trades about 200 to 300 times a year. It focuses on short term trades to smartly enter and leave the market harvesting its profits with limited exposure to rapid market movements.
It implements the successful Forex trading behaviors including emotion, verifications, trade management, money management, and market awareness into its trading strategy.
Channel Trader PRO not a high frequency scalper as on average it trades about 200 to 300 times a year. It focuses on short term trades to smartly enter and leave the market harvesting its profits with limited exposure to rapid market movements.
It implements the successful Forex trading behaviors including emotion, verifications, trade management, money management, and market awareness into its trading strategy.
Last Reviewed On:
Mon, 5 Oct 2015
It opens positions on major support / resistance levels, and manages them with an intelligent and adaptive StopLoss system. No martingale, no grid, only in trades for less than a minute!
Last Reviewed On:
Sun, 4 Oct 2015
It's a breakout trading system that calculates entry points according to the market trend support / resistance levels detection and analysis, it applies no martingale, no grid and no arbitrage trading
Last Reviewed On:
Sat, 7 Feb 2015
By measuring market volatility and oscillation, accounting trends and tracking price action, the robot can use the resulting data and combine it perfectly with its settings and built in indicators as CCI, Moving Averages, WPR, and others to wipe out the majority of harmful and bad signals, what finally results in being a huge win rate system.
Vortex Trader PRO uses a MySQL database to broadcast trading signals, it trades around the clock as was proved by its live performance statements with an average win of 11 pips and average loss of 21 pips.
Vortex Trader PRO uses a MySQL database to broadcast trading signals, it trades around the clock as was proved by its live performance statements with an average win of 11 pips and average loss of 21 pips.
Last Reviewed On:
Fri, 12 Sep 2014
A super simple twist on Keltner Channels; a tool used to identify reversals with channel breakouts and channel direction and can also be used for identifying overbought and oversold levels from another strategy that was previously created. This idea is based on a book called "How to Make Money in Commodities", by Chester Keltner. KeltnerPRO is entirely automated.
It trades using baskets with a limited amount of trades achieving good profit on average 30+ pips, the positions are entered at the bar open with dynamic StopLoss and TakeProfit values.
It trades using baskets with a limited amount of trades achieving good profit on average 30+ pips, the positions are entered at the bar open with dynamic StopLoss and TakeProfit values.
Tags
Tickmill
Valery Trading
WallStreet Forex Robot 3.0 Domination
FXAutomater
Tick Data Suite
IC Markets
FBS
RoboForex
Waka Waka
HFM Broker
XM
Volatility Factor Pro
Perceptrader AI
InstaForex
Forex Diamond
Traders Academy Club
Algocrat AI
Alpari
GPS Forex Robot
StrategyQuant X
Forex Combo System
GrandCapital
Forex Trend Detector
FX Scalper
IronFX
AMarkets
Broker Arbitrage
Telegram Signal Copier
Omega Trend
Quant Analyzer
Golden Pickaxe
FXVM
Binance
TradingFX VPS
Forex Gold Investor
ForexSignals.com
RayBOT
AlgoWizard
ACY Securities
FxPro
Smart Scalper PRO
BlackBull Markets
FXCharger
Commercial Network Services
Libertex
Quant Data Manager
LeapFX Trading Academy
Gold Scalper PRO
ForexTime
FX-Builder
News Scope EA PRO
FX Choice
FX Secret Club
Forex Robot Academy
Forex Robot Factory (Expert Advisor Generator)
Swing Trader PRO
Evening Scalper PRO
VPS Forex Trader
SMRT Algo
QHoster
Happy Forex
Best Free Scalper Pro
IV Markets
Vortex Trader PRO
Forex VPS
Happy Bitcoin
Magnetic Exchange
MTeletool
Telegram Copier
EGPForex
Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.
