• Registered: 2024-02-23
  • Posts: 26

Topic: Breakout daily high/low

Hello guys,

Could anyone suggest how to generate EA with the Forex Software which enter the market when the price breaks out the high/low previous day ?

  • footon
  • footon
  • ◄≡≡≡►
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  • Registered: 2009-08-17
  • Posts: 2,973

Re: Breakout daily high/low

One option in the Studio would be to use Donchian Channels with period of 1 on daily timeframe, but it's a workaround, not an exact way.

  • Registered: 2024-02-23
  • Posts: 26

Re: Breakout daily high/low

Thanks, will try it.

  • Popov
  • Popov
  • Lead Developer
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  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 8,067

Re: Breakout daily high/low

The Support and Resistance entries usually drive a lot of volume, and the brokers increase the spreads significantly at that time.

Please be sure you are using the EA Studio-provided data feed or importing data from MetaTrader 5.
You will have real spreads in that way.

We were in that trap before when we used data from MetaTrader 4. We had significantly overestimated results achieved by breakout strategies.

Popov's Website

  • Registered: 2024-02-23
  • Posts: 26

Re: Breakout daily high/low

Good Point, thx for the advice !