Expert 610

Expert 610 is a client side script robot that trades the breakouts above and below the previous candles. If the difference between the previous High and current price is greater than THRESHOLD and likewise if the difference between the current price and previous Low is greater than the threshold, then it is a candidate for BUY-STOP and SELL-STOP orders. When the above condition is met, it implies that the current candle is engulfed by the previous candle.

A BUY-STOP order is placed at the previous High + BREAKOUT POINTS if the current open is previous High.
A SELL-STOP order is placed at the previous Low – BREAKOUT POINTS if the current open is above the previous Low.

Inputs:

– Threshold Points: The threshold points between the current open, close and the previous High and Low. Trades are entered when the threshold level is breached.
– Breakout Points: The number of points above / below the previous High or Low where the BUYSTOP or SELLSTOP orders will be placed.
– Stoploss Points: The trade stop-loss in points.
– Takeprofit Points: The trade take-profit in points.
– Lot Size:The trade lot-size.
– Magic: The Magic Number of the script.
– Point  Default: The default value of a point for the current symbol in case the script cannot detect the default value.

Note: The robot employs candlestick patterns and breakout strategy.