Daily BreakPoint – expert for MetaTrader 5

Author of the idea: Gusti Risyadi Noor, author of the mq5 code: barabashkakvn.

Breakout of the daily bar at the distance of “Daily Break” points.

Input Parameters

  • Lots manual – enable/disable manual setting of lot value;
  • Lots – position volume (manual input);
  • Risk – position volume as percent of free margin;
  • Stop Loss
  • Take Profit
  • Close by signal – reversing position opening direction;
  • “Daily Break” Break point – the size of the breakout;
  • “Daily Break” Last bar size min – the minimum bar size;
  • “Daily Break” Last bar size max – the maximum bar size;
  • “Daily Break” Trailing stop – trailing value;
  • “Daily Break” Trailing step – trailing step value.

The strategy works well on the H1 timeframe:

Daily BreakPoint AUDNZD,H1

Daily BreakPoint USDJPY,H1