Introduction
Fundamental Breakout Expert Advisor has emerged as a significant tool in the Forex software market. Typically sold for over 500 USD, it is now available for free, making it accessible to both novice and experienced traders. Developed by a seasoned programmer, this software offers an innovative approach to trading by leveraging calendar events.Features Description
The Fundamental Breakout EA is an advanced Expert Advisor designed to capitalize on key calendar events. Its main functionalities include:- **Automatic Order Placement:** It places Buy Stop Orders at the Range High Price and Sell Stop Orders at the Range Low Price, optimizing profit potential and minimizing losses.
- **Customizable Settings:** Users can set their own Magic Number, a unique identifier for trades, and adjust trailing stop parameters.
- **Independence from Strategy Tester:** Unlike many other EAs, the Fundamental Breakout EA does not require a Strategy Tester to determine the appropriate time settings; it identifies them autonomously.
Performance Analysis
Over the past year, the Fundamental Breakout EA has shown promising results. Following its calendar-based strategy, the robot has consistently captured profitable trades during significant economic events. The software's ability to adapt to varying market conditions without manual intervention has set it apart. Detailed performance statistics are available on the official website: https://forexroboteasy.com/forex-ro...view-free-forex-software-with-profit-sharing/.Pros and Cons
Pros:- **Free Access:** Provides advanced trading capabilities without any cost.
- **Automation:** Eliminates the need for constant manual monitoring.
- **Flexibility:** Offers customizable Magic Number and trailing stop features.
- **Effective Strategy:** Utilizes a proven calendar-based strategy for consistent results.
Cons:
- **Lack of Source Code Transparency:** Users do not have access to the original source code.
- **Dependence on Economic Events:** Effectiveness is tied to the frequency and impact of calendar events.
- **Learning Curve:** New users may require time to understand and optimize settings.
Conclusion
The Fundamental Breakout Expert Advisor has proven to be an effective tool for Forex traders, offering a unique and automated approach to trading based on calendar events. With its customizability and free availability, it provides significant advantages, though its dependence on economic events and the absence of source code transparency are notable limitations.Traders are encouraged to discuss their experiences with the robot on forums and share their results to foster a community of informed users.
Source Code of Fundamental Breakout Expert Advisor
While the original source code of the Fundamental Breakout Expert Advisor sold on MQL5 is not publicly available, our team at EASY Trading Team has created a robotic trading script based on the detailed description found on the MQL5 website. This serves as an example of how such a trading strategy can be implemented.If users have questions regarding the code, they are welcome to ask for assistance. It’s important to note that the EASY Trading Team does not sell the Fundamental Breakout Expert Advisor but provides this script based on the available description.
Code:
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