StairSteps [RobotFX] - MetaTrader Breakouts expert advisor (how to trade consolidation zones forex)
#download #breakout expert advisor 4 #MetaTrader
Metatrader #consolidation #zone (CZ) #expertadvisor that can trade #breakouts (or within the CZ), by filtering entries based on the moving average #indicator, #ATR indicator, date/time and the #forex news.
#RobotFX #Stairsteps main functions:
- detect and determine the consolidation zones
- enter trades when the price leaves these zones (if trading breakouts) and place stoploss, take profit, breakeven, trail the price etc
- restrict trading by days, hours, forex news releases and confirm trade signals my #movingaverage ATR
The idea behind this MetaTrader breakouts expert advisor is to trade breakouts out of consolidation zones. It often happens that the price moves in a defined range (ie the price consolidates) for a while, and then it breaks out of these consolidation zones. When the price forms a consolidation zone, forex traders usually set pending orders above or below these zones. Th
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StairSteps [RobotFX] - MetaTrader Breakouts expert advisor (how to trade consolidation zones forex)