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Expert: Market Breaker EA.ex4 V2.0 (Unlimited)
Indicator: Market Breaker.ex4
No Documents,No Guide
Introducing the official MARKET BREAKER (EA & INDICATOR)Introducing the official MARKET BREAKER (EA & INDICATOR)
It is finally here , Market Breaker is both an EA and Indicator which uses price action patterns with the highest winning points.
-You will get the EA which will open trades and close them for you at crazy entry styles, with all the SL,TP,Trialing you need You will also get the indicator version, which draws all the Trendlines and Support and Resistance winning levels for your powerful trades.
The Market Breaker EA and Indicator are trading tools that are designed to leverage price action patterns, enabling traders to identify potential breakouts and key levels in the market. By harnessing the power of eight built-in algorithms, the EA and indicator provide trading signals, offering traders an opportunity to trade the market. In this article, we will delve into the workings of the Market Breaker EA and Indicator and explore how they can be utilized to make better trading decisions.
What is the Market Breaker EA and Indicator?
The Market Breaker is a versatile tool that combines the functionalities of both an EA (Expert Advisor) and an indicator. It utilizes price action patterns to identify trading opportunities. The EA component of Market Breaker automates the trading process by opening and closing trades according to predefined parameters. It incorporates features such as stop loss (SL), take profit (TP), and trailing stop to manage trades effectively. Traders can benefit from various entry styles offered by the EA.
On the other hand, the indicator version of Market Breaker assists traders in identifying key market levels. It draws trendlines and support/resistance levels that can be utilized for making well-informed trading decisions. The indicator incorporates eight algorithms to provide reliable signals.
A key advantage of the Market Breakout EA is its accessibility, as it can accommodate a minimum investment of as low as $100. This feature makes it particularly attractive to traders with smaller accounts who are venturing into the forex market. The Market Breaker EA and Indicator offer traders a comprehensive approach to trading by combining trading features with risk management principles.
Market Breaker EA Strategy
The Market Breakout EA employs a trend-based breakout strategy designed for daily trading. This strategy relies on the intelligent identification of resistance and support levels within a specific time period, complemented by real-time order management. Notably, the EA incorporates smart risk management capabilities by dynamically adjusting the lot size based on the available margin. This adaptability allows the EA to respond to changing market conditions and optimize position sizing accordingly.
One feature of the Market Breakout EA is its non-binding nature, offering traders the freedom to execute their trading activities without restrictions. Additionally, the absence of redraws or delays ensures traders receive accurate and up-to-date information about market conditions, enabling them to make informed trading decisions. The EA’s compatibility with any time frame and asset further enhances flexibility, accommodating various trading styles and preferences.
Market Breaker Indicator Strategy
The Market Breaker Indicator operates on a trend-based breakout strategy, utilizing the intelligent identification of resistance and support levels within a specific time period to determine the prevailing market trend. It also displays historical or recent market structure levels, such as break of structure (BOS) and change of character (CHoCH) levels.
To implement the strategy, traders should seek bullish Order Blocks (OB) following the formation of a Change of Character (CHoCh) or BOS. Once these formations occur, traders may consider opening a long position from the OB, with confirmation from the CHoCh or BOS, and when the indicator signals a bullish sentiment.
Conversely, for short positions, traders should look for bearish Order Blocks (OB) subsequent to the formation of a Change of Character (CHoCh) or BOS. Upon identifying such formations, traders may consider opening a short position from the OB, with confirmation from the CHoCh or BOS, and when the indicator reflects a bearish signal.
Effective risk management is crucial when employing this strategy. Traders should carefully determine their position sizing, set appropriate stop-loss levels to limit potential losses, and establish suitable take-profit targets.
- Look for bullish Order Blocks (OB) after a Change of Character (CHoCh) or Break of Structure (BOS) formation.
- Confirm the bullish signal displayed by the Market Breaker Indicator.
- Traders may open a long position when the above requirements are met
- Set a stop loss for your position a few pips below the entry candle or according to your money management strategy.
- When the indicator displays a bearish signal on the chart, traders may close their trades.
- Look for bearish Order Blocks (OB) after a Change of Character (CHoCh) or Break of Structure (BOS) formation.
- Confirm the bearish signal displayed by the Market Breaker Indicator.
- Traders may open a short position when the above requirements are met
- Set a stop loss for your position a few pips above the entry candle or according to your money management strategy.
- When the indicator displays a bullish signal on the chart, traders may close their trades.
Market Breaker EA Settings
- Timeframe: The timeframe for analyzing the market and generating signals.
- Length: The length parameter used in the indicator calculation.
- Slope Calculation Method: The method used to calculate the slope of the indicator.
- Show Only Confirmed Breakouts: Whether to display only confirmed breakout signals or all potential breakouts.
- Bars to Calculate: The number of bars used in the calculation of the indicator. A value of 0 means all bars.
- Trade Entry Signal Source: The source or condition for generating a trade entry signal.
- Close Trade on Opposite Signal: Whether to close an existing trade when an opposite signal occurs.
- Buy Trades Allowed: Whether buy trades are allowed.
- Sell Trades Allowed: Whether sell trades are allowed.
- of Candles For Order Block Confirmation: The number of candles required to confirm an order block.
- of Candles For Arrow Confirmation: The number of candles required to confirm an arrow signal.
- of Trades Allowed per Signal: The maximum number of trades allowed for each signal.
Market Breaker EA and Indicator Pros & Cons
- The Market Breaker EA and Indicator combine automated trading and technical analysis insights, providing traders with a trading solution.
- The strategy employed by the EA and Indicator focuses on identifying trend-based breakouts, which can lead to potential trading opportunities.
- The EA and Indicator offer risk management tools such as stop loss, take profit, and trailing stop, helping to protect capital and manage potential losses.
- Traders have the ability to customize the settings of the EA and Indicator, allowing them to adapt to their trading preferences.
- The effectiveness of the EA and Indicator is dependent on market conditions. In volatile or choppy markets, there is a possibility of generating false signals or experiencing losses.
- Its performance relies heavily on historical data and patterns
- As with any automated trading system, there is a risk of technical glitches, connectivity issues, or limitations of the trading platform.
- While the Market Breaker EA and Indicator are primarily designed for forex trading, their effectiveness may vary when applied to other financial instruments.
In conclusion, the Market Breaker EA and Indicator offer traders a comprehensive solution for trend-based breakout trading. With features such as automated trading, risk management, and accessibility for traders with small accounts, they provide valuable tools to navigate the forex market. However, traders should be mindful of market dependencies, and historical performance limitations. By considering these factors and aligning them with their individual trading needs, traders can make informed decisions about incorporating the Market Breaker EA and Indicator into their trading strategies.