Index Daily Breakout MT5

NO MARTINGALE, NO GRID, NO ARBITRAGE, NO NEURAL NETWORKS

10+ YEARS TEST

Index Daily breakout is an EA that trades the US30/DowJones daily breakout; it doesn't use martingale or grid; It uses a real strategy and just makes a simple trade with a trailing stop loss.

You can set the desired risk per trade, using a flat amount in USD or using a percentage of the account equity. I recommend using the percentage risk and not using more than 1%. Keep in mind that a higher risk means a higher reward but also bigger drawdowns.

Brokers tested: ICMarkets, FPMarkets, Pepperstone, FusionMarkets (These are the brokers tested; it may work in others that I haven't tested yet) They had different performances; the one with the best performance was ICMarkets.

HOW TO USE:

The use of the ea is very simple; just use it in a US30 1H chart.

The ea has to be running at all times, so I recommend using a 24/7 VPS.

preferably use a low-spread account.

min deposit: $200 with 1:100 leverage  (Keep in mind that using a low deposit can result in a higher risk than desired because the ea will have to trade with the broker's minimum lot size)

You can try to use a deposit of $100 at your own risk, because if you catch a drawdown period, you may run out of margin. But if you are lucky, you might catch a big trade at the beginning.

Recommended deposit: $500 1:100

PARAMETERS:

Magic Number: It's just a number to identify the trades made by the EA.

USD Risk:  It's a fixed amount at risk per trade (set this to 0 to use the %Risk). 

Percentage %Risk: It's a percentage of the account equity at risk per trade. (Recommended) (a value higher than 1% is very risky)

Allow Trade Short. 

Allow Trade Long.  ( I recommend allowing both long and short )

IMPORTANT!!

The screenshot that says experimental is just to show how the ea would perform without brokers lot size limitations.