FadeBreakout_EURGBP
cBot
Tested on Axiory
Version 1.0, Oct 2025
Windows, Mac, Mobile, Web
4
Profit factor
11.25%
Max drawdown
"FadeBreakout_EURGBP" uploaded image"FadeBreakout_EURGBP" uploaded image"FadeBreakout_EURGBP" uploaded image
1
Sales
790
Free installs

[Detailed Logic Explained]

This EA follows these steps to trade automatically:

  1. 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.
  2. 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.
  3. 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.
Trading profile
0.0
Reviews: 0
Customer reviews
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Forex
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