Historical High-Low Breakouts with Trailing Exits and Equity Controls
Summary
The Trend Finder Expert Advisor is described as entering trades when price breaks a historical minimum or maximum. It is intended for major forex pairs and NASDAQ-listed stocks across timeframes, and the document says it trades using the open price of the current candle. Listed exit and account-management options include fixed stop loss and take profit, money- or percentage-based profit targets, trailing exits, break-even handling, and an equity drawdown control.
The settings also include a factor for increasing lot size after losses, plus limits on trade count and lot sizing. These features can materially affect exposure and drawdown, but the document gives no rules for selecting settings and no backtest or live-performance evidence. It advises trying the system on a demo account, but does not explain the historical lookback used for breakouts or provide enough detail to assess robustness.
Key ideas
- The EA enters when price breaks a historical high or low.
- It is described for major forex pairs and NASDAQ stocks and uses the current candle's open price.
- Optional exits include stop loss, take profit, trailing stops, and break-even behavior.
- Equity controls, trade limits, and lot-size settings are available, including increasing size after losses.
- The document gives no performance evidence or breakout lookback details.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.