This is the MT5 version of our FRZ Breakout Scalper. It is an expert adviser (EA) that trades quick price breakouts. The logic behind it is simple. It looks at the speed of the price movement to make entries. For instance, if the price goes up by 10 pips in 5 seconds, then EA recognizes it as a bullish breakout and would place a buy trade. You can customize the exact recognition criteria for breakouts under settings.
We recommend a ECN/raw spread broker with a VPS with a latency ideally less than 100ms to your brokers server.
|Product name||FRZ Breakout Scalper|
|Time frames supported||One-minute chart|
|Supported pairs||EA works with any forex pair. Major pairs can be recommended with default settings.|
|Minimum deposit required||Minimum $200 (on 500:1 leverage)|
|Lot sizing||0.01 lot for each $200 in the account (Aggressive mode)
0.01 lot for each $500 in the account (Normal Mode)Above are considering 500:1 leverage
|Recommended broker||Any broker with low spread (ECN/Raw spread account is necessary). We can recommend ICMarkets. You an use our IB code: 23649 to receive a 30% lifetime discount from ICMarkets on spreads/commissions.|
NB: You will get a PDF manual on purchase explaining above settings
Please note that the past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here