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
- ◄≡≡≡►
- Offline
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.
Re: Breakout daily high/low
Thanks, will try it.
- Popov
- Lead Developer
- Offline
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.
Re: Breakout daily high/low
Good Point, thx for the advice !