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PZ Flexible Breakout EA

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Forex PZ Flexible Breakout EA is a powerful MT4 expert advisor which trades for you. It can trade any breakout period, any timeframe, with pending or market orders

How to trade with PZ Flexible Breakout EA

The EA has fully configurable settings and built-in money management feature. It can work on ECN/Non-ECN brokers and 2-3-4-5 digit securities.

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PZ Flexible Breakout EA chart, Currency pair: EURUSD, Timeframe: H1 (click to zoom)

The advisor works best on larger timeframes. Most importantly test any EA on a demo account first.

PZ Flexible Breakout EA settings

When loading the expert to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many because parameters are grouped into self-explanatory blocks. Each functional parameter is explained below.

Trading Settings
Select trading direction, timeframe, trading mode (market orders or pending orders) and the breakout period in bars for the EA trade.

Position Management
This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in pips, trailing-step in pips, stop-loss in pip and take-profit in pips.

Money Management
In this setting block, you can set the lot size for the first trade, or allow the EA to calculate it by itself. I always recommend setting a manual lot size for each trade.

EA Settings
You can select the magic number for the trades, custom comment, and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.

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Download PZ Flexible Breakout EA

You can download Forex MACD trading strategy EA for free by clicking the “Download” button located at the top right corner.

Create your own custom EA or indicator

If you would like to create your own custom indicator or an EA, please contact AtoZ team saying “I want to create my own EA/indicator.” Also, don’t miss out on various other indicators and EAs you can find in our database here.

Installing PZ Flexible Breakout EA on MT4

In order to install an EA on your MT4, you need to:

1. Click on Download button above to download PZ Flexible Breakout EA;
2. Save the file to your computer;
3. Go on your MT4, press FILE then OPEN Data Folder;
4. In the New Opening window, click and open MQL4 and then click and open Experts;
5. Copy paste the .mq4 file in the Experts folder;
6. Restart your Metatrader platform;
7. Open “Navigator” from Metatrader toolbar;
8. Scroll down and select “Expert Advisors”;
9. Search and select “PZ Flexible Breakout EA”;
10. Adjust settings or press OK to add the EA to your selected chart;

 

Note: PZ Flexible Breakout EA was developed by Pointzero Trading and was sent by an AtoZForex follower from Poland, Tomaz. AtoZForex does not carry any copyrights over this trading tool.

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