The EA works with pending Buy Stop and Sell Stop orders.
Buy Stop is placed at the High price of bar #1 + “Indent“, Sell Stop is placed at the Low price of bar #1 – “Indent“.
Program Parameters
- Stop Loss, in pips (1.00045-1.00055=1 pips) – Stop Loss
- Take Profit, in pips (1.00045-1.00055=1 pips) – Take Profit
- Trailing Stop (min distance from price to Stop Loss, in pips – Trailing
- Trailing Step, in pips (1.00045-1.00055=1 pips) – Trailing step
- Indent, in pips (1.00045-1.00055=1 pips) – Indent from the High and Low of bar #1
- Allowable spread, in points (1.00045-1.00055=10 points) – the largest spread permitted
- Money management: Lot OR Risk – volume calculation type (fixed lot size or risk % per trade)
- The value for “Money management” – volume or percentage
- Print log
- magic number
MT5 Indicators – Download Instructions
Breakdown Catcher MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Breakdown Catcher MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install Breakdown Catcher MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Breakdown Catcher MT5 Indicator.mq5
- Copy Breakdown Catcher MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Breakdown Catcher MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Breakdown Catcher MT5 Indicator.mq4 is available on your Chart
How to remove Breakdown Catcher MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Breakdown Catcher MT5 Indicator (Free Download)
Click here below to download:
La entrada Breakdown Catcher MT5 Indicator se publicó primero en ForexMT4Indicators.com.