#download #breakout expert advisor 4 #MetaTrader https://www.robotfx.org/p/stairsteps.html

Metatrader #consolidation #zone (CZ) #expertadvisor that can trade #breakouts (or within the CZ), by filtering entries based on the moving average #indicator, #ATR indicator, date/time and the #forex news.

#RobotFX #Stairsteps main functions:
- detect and determine the consolidation zones
- enter trades when the price leaves these zones (if trading breakouts) and place stoploss, take profit, breakeven, trail the price etc
- restrict trading by days, hours, forex news releases and confirm trade signals my #movingaverage ATR

The idea behind this MetaTrader breakouts expert advisor is to trade breakouts out of consolidation zones. It often happens that the price moves in a defined range (ie the price consolidates) for a while, and then it breaks out of these consolidation zones. When the price forms a consolidation zone, forex traders usually set pending orders above or below these zones. The trend traders would probably place pending orders only in the direction of the trend, at the appropriate CZ (consolidation zone) end. When the price leaves the consolidation zone and hits the pending order(s), this trade will open.

StairSteps EA playlist: https://www.youtube.com/playlist?list=PLc_lZWE-pgjvHJzueCnZV914LKg44s9zT

Questions Answered:

- What are consolidation zones? 00:14
- How to determine the consolidation zone? 02:00
- How to trade a consolidation zone breakout? 02:48
- How not to trade consolidation zones breakouts? 06:35
- Where to place the stoploss when trading breakouts? 07:00
- Where to download a free consolidation zone breakouts EA? 08:33
- What are the StairSteps Expert Advisor settings? 09:16
- How to filter fake signals when trading breakouts? 13:07
- Is this BreakOuts EA profitable? Is there a demonstration? 39:48
- What is the StairSteps EA drawdown? 44:48

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