The 2 Days Breakout Metatrader 4 Forex robot is an expert advisor that compares the last two days High and Low values in a bid to spot a likely breakout on the current day.
To be able to function properly, the algorithm that defines the 2 Days Breakout EA is written in such a manner that allows a pending order to get placed on the previous day’s High (if H/L of the previous day is higher than H/L of the day before) or on the previous day’s Low (if H/L of the previous day is lower than H/L of the day before).
The algorithm on the 2 Days Breakout EA is designed cancel out orders when it doesn’t get triggered.
Finally, the 2 Days Breakout robot is known to function only on JPY crosses: USD/JPY, EUR/JPY, GBP/JPY.
Download the “2DLimits_EA_v2.mq4” MT4 robot
Strategy Tester Report
Find below the 2 Days Breakout robot strategy tester report for the USD/JPY forex pair on the Daily chart.
The EA made a total profit of $2019.96 from a total of 379 trades. The largest winning trade generated $168.65 in profits, while the largest losing trade generated a loss of-$125.25.
Bars in test: 3594 ticks modelled
Initial deposit: $10000.00
Total net profit: $2019.96
Total trades: 379
Largest profit trade: $168.65
Largest loss trade: -$125.25
Consecutive wins: 2
Consecutive losses: 2
Download the “2DLimits_EA_v2.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Magic number of the EA, Static lot size
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the 2DLimits_EA_v2.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)