Cap Breakout EA

The Cap Breakout EA is a MetaTrader expert advisor that uses several breakout strategies, including the ZikZak breakout, daily candle breakout, London time breakout, pivot point breakout, and several other breakout strategies, to make trading decisions (identify and execute trades).

In this review, we will take a closer look at the features, strengths, and weaknesses of the Cap Breakout EA. We will also discuss risk management tools and settings. By the end of this review, readers will have a comprehensive understanding of the Cap Breakout EA and be able to make an informed decision about whether to use it in their trading strategies.

Cap Breakout EA Strategy

The Cap Breakout EA strategy is a highly customizable and versatile expert advisor that utilizes various breakout strategies to capture trading opportunities in the forex market. The EA employs the ZigZag breakout, daily candle breakout, London time breakout, pivot point breakout, and other breakout strategies to identify potential trading setups and execute trades.

Cap Breakout EA
Cap Breakout EA

The EA has the ability to trade multiple currency pairs and timeframes simultaneously. This feature enables traders to diversify their trading portfolio and capture opportunities across different currency pairs. The Cap Breakout EA also uses grid trading in loss situations. This is a risk management technique that involves opening additional trades in the same direction as a losing trade but at different price levels. The goal is to reduce the overall average entry price of the trades and potentially take advantage of the market once it turns around.

Cap Breakout EA Strategy
Cap Breakout EA Strategy

The EA offers many customizable trading scenarios and flexible position management settings, allowing traders to adjust the strategy to suit their trading style and risk tolerance. Additionally, the EA comes with many features, like customizable trading sessions, a martingale and inverse martingale mode, and a built-in news filter that automatically downloads news data from news websites. This helps traders avoid trading during volatile news events and reduces the risk of losses.


Cap Breakout EA Activity
Cap Breakout EA Activity

However, there are also some weaknesses of the Cap Breakout EA that traders should consider. One potential weakness is that it heavily relies on technical analysis and breakout strategies. While these strategies can be effective, they may not always work in all market conditions or during periods of high volatility. Another potential weakness is the use of grid trading in loss situations. While grid trading can be a useful risk management technique, it can also lead to significant losses if the market continues to move against the trader’s position. To mitigate these risks, traders should use proper risk management techniques and test the Cap Breakout EA on a demo account before using it on a live account.

Cap Breakout EA Features

  • Multiple breakout strategies, including the ZigZag breakout, daily candle breakout, London time breakout, pivot points breakout, and more.
  • It operates on both the Metatrader 4 and 5 platforms.
  • Customizable trading scenarios, including customizable trading sessions, martingale and inverse martingale mode, and more.
  • Flexible position management settings, including customizable break-even, stop loss, take profit, and trailing stop.
  • Money management tools, including built-in money management and grid trading in loss situations.
  • Multiple currency pair trading at the same time.
  • News filter, which automatically downloads news data from websites.
  • Easy-to-use and customizable Stochastic setting.
  • Customizable indicator settings.
  • User-friendly interface for ease of use.
  • Efficient trade execution and order management.

Cap Breakout EA Settings

  • Active Multi-Pair trading – enables trading on multiple currency pairs
  • Initial Trade Type – selects the type of initial trade (e.g. buy or sell)
  • Max Daily Trade (Per Pair) – sets the maximum number of trades allowed per day for each currency pair
  • Max Daily Profit – sets the maximum daily profit target
  • Max Weekly Profit – sets the maximum weekly profit target
  • Max Monthly Profit – sets the maximum monthly profit target
  • Enable News Filter – enables filtering of news events that may impact trading
  • TakeProfit Type – sets the type of take profit (e.g. fixed or trailing)
  • Stop Loss Type – sets the type of stop loss (e.g. fixed or trailing)
  • Magic Number – assigns a unique identifier to trades for easier tracking and management
  • Display Info – enables display of trading information on the chart
  • Slippage – sets the maximum allowed deviation from the requested price
  • Trade Comment – adds a custom comment to each trade
  • Trailing On/Off – enables or disables trailing stop
  • Use Breakeven – enables breakeven function
  • Sunday to Saturday Trade – sets the days of the week for trading
  • Check Market Close – checks if the market is open before placing trades
  • Max Daily Profit – The maximum daily profit allowed in the account.
  • Max Daily Loss – The maximum daily loss allowed in the account.
  • Enable News Filter – Enables or disables news filtering.
  • Custom News – Custom news events to filter.
  • Recovery Trade Type – Type of recovery strategy used for trades.
  • Trailing Stop – Trailing stop value in points.
  • Lot Type (For Grid) – Specifies the lot type for grid trades
  • Lot Type (For Martingale) – Lot type for Martingale

Cap Breakout EA Summary

The Cap Breakout EA is a MetaTrader expert advisor that utilizes various breakout strategies for trading decisions. It has the advantage of trading multiple pairs simultaneously and offers built-in money management and grid trading modes. However, a potential weakness is the use of grid trading, which can result in significant losses if the market moves unfavorably. Traders who prefer automated trading with some risk may consider this EA but should test it thoroughly in a demo account and apply proper risk management before using it live.

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