The Breakthrough Strategy EA is an expert advisor designed for MetaTrader 4 that execute trades based on breakouts events. It was developed by Konstantin Kulikov with 25 actual sets for different currency pairs.
In this article, we will review the Breakthrough Strategy qEA, its strategy, features, and settings. By the end of this review, you should be able to decide whether the Breakthrough Strategy EA is a tool for your trading strategy.
Breakthrough Strategy EA Strategy
The Breakthrough Strategy EA is an algorithmic trading tool created by Konstantin Kulikov from Russia. The EA focuses on trading breakout events and sets a proper GMT Offset automatically. This refers to a strategy of identifying and capitalizing on significant price movements that occur when an asset’s price breaks through a defined level of support or resistance.
The EA uses a combination of grid and martingale strategies to maximize profits, with 25 actual sets available for different currency pairs and a profile for quick setup. It operates on the MT4/5 platform and works with a variety of currency pairs, including AUDCHF, AUDJPY, AUDNZD, CADCHF, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPCAD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, and USDJPY, on any timeframe.
While the Breakthrough Strategy EA can be beneficial in capturing potential breakout events, its reliance on martingale and grid strategies could lead to significant losses if the trend fails to continue and the market moves against the trader for an extended period of time. Therefore, careful risk management and monitoring are essential to avoid any unwanted outcomes. It is worth considering for experienced traders who are familiar with trading strategies involving grid and martingale techniques and have a thorough understanding of risk management principles. Traders should demo-test the EA before using real money to minimize large losses.
Breakthrough Strategy EA Features
- Designed for MetaTrader 4 and 5 platforms
- Trades up to 25 currency pairs
- Works on any timeframe
- Automatically sets a proper GMT Offset
- Uses trend-following trading strategies
- Includes grid and martingale money management techniques
- Allows for manual or automatic GMT offset settings
- Provides options for fixed or dynamic lot sizes based on balance or equity
- Offers recovery money management techniques
- Includes a news filter to avoid trading during important news releases
- Includes a user-friendly interface for easy setup and use
- Provides customer support and regular updates
Breakthrough Strategy EA Settings
- GMT_Offset_Manual: allows manual setting of the GMT offset
- GMT_Offset_AUTO: allows automatic detection of the GMT offset
- Use_Fix_Lots: enables/disables fixed trading lot size
- Value_fixed_Lot: sets the value of the fixed lot
- Use_MM_1: enables/disables lot size based on balance
- Use_MM_2: enables/disables lot size as a percentage of deposit based on StopLoss
- Risk_Percentage: sets the percentage of deposit for lot value calculation
- Use_MM_Reg_1: enables/disables recovery money management 1 (trading lot will not decrease in case of drawdowns)
- Funds_for_001_Lot_Reg: sets the amount of funds for 0.01 lot
- Use_MM_Reg_2: enables/disables recovery money management 2 (trading lot will not decrease in case of drawdowns)
- Risk_Percentage_Reg: sets the percentage of deposit for lot value calculation in recovery money management
- On/Off_Lot_Min_for_MM_Reg: enables/disables setting the minimum trading lot for the recovery MM_1 or MM_2
- Value_Lot_Min_for_MM_Reg: sets the minimum trading lot for the recovery MM_1 or MM_2
- Lot_calculation_based_on: selects lot calculation based on balance or equity
- Lot_calculation_with_rounding: enables/disables rounding when calculating a trading lot
- Use_Grid_mode: enables/disables Grid mode
- Multiplier_of_trade_Lot: sets the multiplier for a trading lot when opening a new position in the positions grid
- Close_positions_at_percentage_of_loss: sets the percentage of floating loss from the balance at which all positions are closed
- Use_NewsFilter: enables/disables the use of the news filter
- Pass_of_News_else_Trade_at_News: sets whether or not to open transactions in set time intervals with news
Breakthrough Strategy EA Summary
The Breakthrough Strategy EA is an expert advisor designed to work on the MetaTrader 4 and 5 platforms, focusing on trading breakout events. One of the strengths of the Breakthrough Strategy EA is its versatility, working on any timeframe and with a variety of currency symbols.
However, it’s worth noting that the Breakthrough Strategy EA focuses on trading breakout events and doesn’t perform well in ranging markets. This could lead to significant losses if not managed properly. Its grid and martingale strategies could also lead to large drawdowns.
The EA is worth considering for traders who prefer to trade during breakout events. It is recommended to demo test the Breakthrough Strategy EA and apply good risk management settings before using it on a live account.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.