Ultimatum Breakout EA

Ultimatum Breakout EA employs a legitimate breakout strategy, employing multiple custom indicators to try and eliminate false signals. The EA employs a very tiny SL to ensure that the account is always protected from equity drawdown while maintaining a very low risk-per-trade. The EA has been completely customized: it computes the spread — for pending orders, stop loss, trailing stop, and breakeven. The EA does not employ any risky tactics such as martingale or arbitrage, it also does no scalping.

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 Ultimatum Breakout 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 Breakouts with Ultimatum Breakout EA

Breakout trading is a popular trading strategy used by traders to capitalize on market movements that occur when the price of an asset breaks through a significant level of support or resistance. The basic idea behind this strategy is that when the price of an asset breaks through a key level, it is likely to continue moving in the same direction.

The breakout trading strategy involves identifying key levels of support and resistance, and then waiting for the price to break through these levels. Once the price breaks through a key level, the Ultimatum Breakout EA will often enter a trade in the direction of the breakout, with the expectation that the price will continue to move in that direction. The Ultimatum Breakout EA employs multiple custom indicators for filtering bad signals. The EA has been completely customized: it computes the spread — for pending orders, stop loss, trailing stop, and breakeven.

Ultimatum Breakout EA
Ultimatum Breakout EA

Ultimatum Breakout EA Parameters

  • Show_Info_Panel — Information panel. (At the value false – Speeds up the testing in the strategy tester).
  • Magic — Trades identifier.
  • Order_Comment — Comments to the order.
  • Slippage — Allowed slippage before an order triggers.
  • Max_Spread — Maximum Spread allowed before pending order is triggered.
  • Adaptive_Spread_for_trade — At the value ‘true’ the spread is added to trailing stop and stop loss.
  • Order_Type — trading direction.
  • Fixed_Lot — Fixed lot ( if “Use_Risk_MM” = false ).
  • Use_Risk_MM — At the value ‘true’ the lot size increases as the account balance grows.( Risk Management ).
  • Percentage_Risk — Increase the lot size based on balance.( Risk Management % ).
  • Take_Profit — Take profit level in points.
  • Stop_Loss — Stop loss in points.
  • Use_Smart_StopLoss— At the value ‘true’ the stop loss is adjusted according to the price movement.
  • Smart_StopLoss — Step of the smart stop loss.
  • Use_Break_Even — If this is true Stop loss price will be moved to breakeven when price is above target points.
  • Breakeven_Target_PipsInp — When price is above this value breakeven will be triggered.
  • Breakeven_Jump_PipsInp — Stop loss will be moved using this value to breakeven.
  • Use_Trailing — If this is true, profit will be protected with trailing stop.
  • Trailing_Stop — Trailing points, when the position is in profit.
  • Trailing_Step — Trailing step, when the position is in profit.
  • Use time — If ‘true’ trading will be performed by time.
  • Time_Setting — Server time or computer time.
  • GMT_mode = GMT offset of the broker server time; ( 0 – not used ).
  • Every_Day_Start — Operation start time (hh:mm).
  • Every_Day_End — Operation end time (hh:mm).

Conclusion

Ultimatum Breakout EA could be a beneficial trading robot for traders of all levels. The developer of this robot has also shared some backtests for you to get an idea of how the Ultimatum Breakout EA has performed over recent years through different market conditions.


However, it is important to note that past performance does not guarantee good future results. Therefore, I would only test the Ultimatum Breakout 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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