cBot
Forex
FadeBreakout_EURGBP

09/11/2025
Desktop, Mobile, Web
Since 17/02/2025
Free installs
371



[Detailed Logic Explained]
This EA follows these steps to trade automatically:
- Waiting for an Opportunity
- First, it uses ADX, a tool that measures "trend strength," to check if the market is calm (in a range). If the trend is too strong, it will wait patiently.
- Next, it uses the Donchian Channel, a tool that shows "the highest high and lowest low over the past X bars," to monitor the current price's position.
- Entry!
- If the price breaks above the Donchian Channel's upper line, the EA determines, "This has gone up too far; it will likely come back down," and enters a 'Sell' trade.
- Conversely, if the price breaks below the lower line, it determines, "This has dropped too far," and enters a 'Buy' trade.
- Exit Strategy (Closing the Trade)
- As soon as a trade is opened, it uses the ATR, a tool that measures "the market's average price movement," to set appropriate stop-loss and take-profit levels automatically.
- While the position is open, features like "Partial Take Profit" and "Trailing Stop" will activate according to your settings, intelligently managing risk while aiming to extend profits.
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