ACB Breakout Arrows EA

The ACB Breakout Arrows EA is a fully automated expert adviser based on the indicator “ACB Breakout Arrows.” The entries are based on a bidirectional breakout pattern that happens constantly. The intensity of entry signs can be adjusted using the “Signal Sensitivity” external input.

This Expert Advisor can be purchased from the MQL marketplace whilst there is a free demo version also available to give it a try before making any commitment. In this article, I will be taking a look at how the ACB Breakout Arrows EA works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Trading Bi-Directional Breakout Patterns with ACB Breakout Arrows EA

Bidirectional breakout patterns in forex occur when price breaks out of a trading range or consolidation phase in either direction. These patterns can provide traders with opportunities to capture profits by taking advantage of the sudden price movements. To trade bidirectional breakout patterns, the ACB Breakout Arrows EA analyses the charts and considers certain factors.

The ACB Breakout Arrows EA tries to identify the trading range or consolidation phase where price has been trading within a relatively narrow range for an extended period of time, after which the EA monitors the price action for a breakout in either direction. This can be identified by a sudden increase in trading volume or a significant price movement.

Breakouts can be confirmed by looking for follow-through price action, such as continued momentum in the direction of the breakout.


It’s important to note that bidirectional breakout patterns can occur on various time frames, so traders could choose the time frame that suits their trading style and strategy. It’s also crucial to have a solid risk management strategy in place to protect against potential losses.

ACB Breakout Arrows EA
ACB Breakout Arrows EA

ACB Breakout Arrows EA Essential Characteristics

  • With the ACB Breakout Arrows indicator, you can go completely automatic.
  • The ACB Trade Filter indicator is integrated into the EA to mimic the entire trading system.
  • The EA incorporates indicators and constraints.
  • The ability to retrieve the indicator’s stoploss and profit targets immediately.
  • Improve the EA’s efficiency even further by using the built-in filters such as Session-Filter, MMI, Vortex, Volatility, Market Regime, and others.
  • Three phases of partial closing are used to capture the available profits at the appropriate time.
  • Flexible stoploss trailing to avoid winners from becoming losers.
  • The maximum loss function is used to protect against black swan occurrences.

ACB Breakout Arrows EA Input Parameters

  • —– Configure Trade Settings —–
  • Lot Size Method:  Fixed Lot Size | Auto Lot Size
  • Risk Per Trade: Risk percentage per trade.
  • —– Set Indicator Parameters —–
  • Signal Sensitivity:  A value between 20 to 100 which decides the intensity of breakout arrows.
  • Bars for SL:  Number of bars that decides the stoploss line placed by the indicator.
  • —– Choose Exit Settings —–
  • Use Stoploss:  true | false.
  • Stop loss Method:  Pips | Volatility | From indicator.
  • Use Take Profit:  true | false.
  • Take Profit Method:  Pips | volatility | Quick Profit | First Target | Final Target
  • Use SL Trailing:  true | false.
  • SL Trailing Method:  Pips | Volatility
  • —– Set the Filters —–
  • Trading Sessions:  All | Asian | London | New York | Asian-London | London-New York | New York-Asian
  • ACB Trade Filter:  True | False
  • Trend Filter:  True | False
  • Volatility Filter:  True | False
  • Vortex Filter:  True | False
  • MMI Filter: True | False
  • —– Miscellaneous Settings —–
  • Max Loss Protection:  True | False
  • Logging:  True | False (EA logs all its operation in the journal tab)

Conclusion

ACB Breakout Arrows EA could be a beneficial trading robot for traders who fancy breakout trading. The developer of this robot has also shared some back tests for you to get an idea of how the ACB Breakout Arrows EA has performed over recent years through different market conditions.

It is important to note that past performance does not guarantee good future results. Therefore, I would only test the ACB Breakout Arrows EA on a demo account using a trial version to begin with. This would allow me to get a feel for how it works and see if it fits within my own trading style.

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