Trade't - Breakout Momentum User Guide

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Breakout Momentum - User Guide

Breakout Momentum's strategy takes advantage of false breakouts, breakouts, and raids on liquidity above and below current marketplace prices. It is effective in both raging and trending markets. It is highly customizable with many filters, allowing you to eliminate bad trades and focus on winning one.

The inputs Explained

General

Magic number: a unique identifier that distinguishes between different orders or trades placed by an Expert Advisor (EA). Make sure each EA you are using has a different magic number.
Trade comment: It is used as a trade comment inside the trade orders. In addition, it will help you identify the logs and messages generated by the EA in the Experts and Journal Tab.
Fixed Lot Size (0 -> auto lot): Choose to trade with a fixed lot size. If 0, the auto lot is calculated from Balance
Auto Lot size Risk From Balance: Choose to risk a percentage of your balance. Please make sure you have defined an SL to be able to use this option
SL in points: This is to define the SL in points.
TP in points: This is to define the SL in points.
Trigger Trailing Stop Level: This defines the trigger in points when the trailing stop will be active.
Trailing Stop Step: This defines the step trailing stop is using to move the SL and protect your trade
Order Expiration in Hours (0 -> not used): In case you need to auto-delete your orders after a certain period, you can configure this parameter to do so.

Grid Recovery Settings

Use Grid to recover: This option uses hidden SL to replace the default SL defined in the general settings. Instead of closing a trade when the SL is hot, a grid is opened to recover the losing position.
Profit of open round in points: This parameter defines when the grid will be closed. It is the sum of points of all the trades opened by the grid.
Lot Multiplier: You can multiply the initial volume by adjusting this parameter. For example, if your initial volume is 0.1, and the multiplier is 3, the next trade will open with a volume of 0.3, and the next one will be 0.9,...
Max Grid Lot: To limit the risk, you can choose the maximum volume allowed to be opened by the grid system. If we take for example the previous example and set the max grid lot to 0.5, the first trade will be 0.1, the second will be 0.3 and the third will be 0.5
Max trade per round: Also you can limit the number of trades included in one round, as soon as the max is hit no more trades will be opened.

Trend Filter Settings

Filter Type: Three options are available as follows
1. Don't use filter: No filter based on a higher timeframe is applied - any trade can be taken
2. Trade with the trend: Trades will be taken only in the direction of the higher timeframe. This is an excellent option for swing trades or when trading after NY open
3. Trade Counter trend: Trades will be taken counter the trend of the higher timeframe. This is an option to choose if, for example, you are trading pre-London or London session.
Filter Timeframe: The higher timeframe to get bias from
Filter Period: The number of candles to look at and confirm the current trend

Time Filter Settings

Trade only in defined kill zone: If set to false, the trades will run the entire day. If set to true, you need to set the starting and ending hours of your kill zone
Kill Zone Start Hour (0-23): Starting hour of the kill zone
Kill Zone Start Minute (0-59): Starting minute of the kill zone
Kill Zone End Hour (0-23): Ending hour of the kill zone
Kill Zone End Minute (0-59): Ending minute of the kill zone

Day Filter

Use Day Control: Enable day filtering to prevent the EA of trading certain weekdays.
Trade Monday? : True/False
Trade Tuesday? : True/False
Trade Wednesday? : True/False
Trade Thursday? : True/False
Trade Friday? : True/False
Trade Saturday? : True/False
Trade Sunday? : True/False

News Filter

Avoid News: Choose to avoid trading during the news. This implies posting new positions or orders and also taking control of current open positions or orders
Consider high-impact events: True/False
Consider medium impact events: True/False
Consider low-impact events: True/False
Server GMT Offset: This is essential as the news is read from Forex Factory and they are posted in GMT. Please use your market watch time and compare it to GMT to have the right configuration.
Currencies (USD,EUR,...) : Choose the impacted currencies like "USD,EUR,AUD,NZD,JPY,CAD,GBP", or "USD,EUR"
Stop trading before news in minutes: Decide when to stop taking new trades before news
Start trading after news in minutes: Decide when to start taking new trades after news
Draw news on chart: Draw news as vertical lines
High Events Color
Medium Events Color
Low Events Color
Action on Open Trades
- Keep current trades running: All running trades will remain open, and the EA will manage them during the news.
- Close all trades: All running trades will be closed
- Close only winning trades: On each new candle during the news window, any winning trade will be closed. All losing trades will be held till they become winners or hit SL.
Delete all orders: If true, all orders will be deleted.

IMPORTANT if you are using news, don't forget to allow web requests to the following URL: https://nfs.faireconomy.media/ff_calendar_thisweek.csv.

Daily DrawDown and Profit

Use DD and Profit Limiter: This will allow you to activate the daily profit limitation or drawdown, which is useful for prop firm challenges! Once the threshold is reached, FVG EA PRO will not create any new orders and will close all active ones. The reference will always be reset on a fresh day start. Pay attention, when first launching or on change of parameters, the EA will take into consideration the current balance or equity as reference.
Consider the entire Account: The drawn down and profit calculation can be limited to the trades created by the FVG EA PRO or to consider all the trades on your account.
Daily Drawdown Calculation Options: Several options are available to use as a reference for the draw-down
- From "Initial Deposit": Make sure to fill in the amount in "Initial Deposit Or Risk In Money"
- From "Account Balance"
- From "Account Equity"
- From "Higher Equity or Balance"
- From "Risk In Money": Make sure to fill in the amount in "Initial Deposit Or Risk In Money"
DD Initial Deposit Or Risk In Money
Max Daily DD % : From the reference chosen
Daily Profit Calculation Options: Several options are available to use as a reference for the draw-down
- From "Initial Deposit": Make sure to fill in the amount in "Initial Deposit Or Risk In Money"
- From "Account Balance"
- From "Account Equity"
- From "Higher Equity or Balance"
- From "Risk In Money": Make sure to fill in the amount in "Initial Deposit Or Risk In Money"
Profit Initial Deposit Or Risk In Money
Max Daily Profit % : From the reference chosen

Refresh Period in Seconds: Check period when the EA will check the drawdown or profit target

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