This Expert Advisor (EA) opens orders when an outbreak from an inside bar formation occurs. It can for example be used with a strategy which you can read more about here.

The behavior of the EA can be explained in the following steps (please also see separate screenshot for visualization):

1. Look for a trade when xx amount of inside bars has been reached.
2. Exit when trailing stop or take profit has been hit.

Features

• The formations with sell/buy lines will be drawn on the chart as well as the first ATR take profit level.
• Spread and slippage filter.
• Possibility for take profit and stop loss based on the ATR indicator or use a risk/reward ratio (based on stop loss).
• Possibility to select between adding a fixed lot or let the system set the lot size according to risk percentage.
• Possibility to trade in a reverse way (buy when sell, sell when buy).

It is recommended to trade a portfolio of minimum 6 pairs (3 pairs and their cross pairs) to reduce risk as much as possible. Please also make sure that you test the EA on a demo account and let at least 15 trades be done.

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