๐งฉ What is AW Breakout Catcher EA?
AW Breakout Catcher EA for MetaTrader 4 (MT4) focuses on trading parameters, risk behavior, grid logic, breakout strategies, and overall stability.
๐งฉ Main Trading Settings โ Core Behavior
โก๏ธ Success Rate: 50.0
- This is a reference parameter, not a guarantee.
- Indicates the EA is designed to work with probability balance, relying on money management and grid logic rather than high win rate.
โก๏ธ Can EA work in both directions at same time: true
- The EA can open BUY and SELL trades simultaneously.
- This is common in breakout and grid strategies, allowing capture of volatility in either direction.
- โ ๏ธ Increases margin usage and exposure.
โก๏ธ Order Lots: 0.02
- Fixed lot size.
- Suitable for small to medium accounts, but still risky when grids expand.
- No dynamic lot scaling unless AutoLot is enabled.
โก๏ธ Enable Autolot calculation: false
- EA does not adjust lot size based on balance or equity.
- Risk does not scale automatically with account growth or drawdown.
โก๏ธ Autolot deposit per 0.01 lots: 1000.0
- This value is inactive because Autolot is disabled.
๐ Conclusion (Main Settings):
The EA uses manual fixed risk, which gives control but requires strong discipline. Risk can grow quickly if grid orders accumulate.
๐งฉ SL & TP Settings โ Exit Strategy
โก๏ธ TakeProfit Mode: Close position on TP1
- The EA closes trades when the first Take Profit level is hit.
- This is a fast-exit approach, suitable for volatile breakout moves.
โก๏ธ TakeProfit in Points (if used): 75
- A relatively small TP, aiming for quick profits.
- Works best in active sessions (London / New York).
โก๏ธ StopLoss Mode: Without StopLoss
- โ ๏ธ High-risk configuration.
- Trades are protected only by grid expansion, not a hard SL.
โก๏ธ StopLoss in Points (if used): 500
- Ignored because StopLoss is disabled.
๐ Conclusion (SL/TP):
This EA relies on grid recovery instead of stop loss, which can lead to deep drawdowns during strong trends.
๐งฉ Grid Trading Settings โ Risk Amplifier
โก๏ธ Use grids: true
- Confirms the EA is a Grid + Breakout hybrid strategy.
โก๏ธ Step between orders: 200 points
- Moderate grid spacing.
- Helps avoid over-trading but still allows grid buildup in trends.
โก๏ธ Multiplier: 1.5
- Each new grid order increases lot size by 1.5x.
- This is a martingale-style risk escalation.
โก๏ธ Orders Number Limit: 200
- Very high limit.
- Practically allows unlimited grid expansion, which is dangerous in prolonged trends.
๐ Conclusion (Grid Settings):
This configuration favors aggressive recovery, but exposes the account to margin exhaustion if the market trends strongly without retracement.
๐งฉ Breakout Catcher Settings โ Strategy Logic
โก๏ธ Range filtering: 1.0
- Minimal filtering.
- EA is very sensitive to price movement, entering trades frequently.
โก๏ธ Amplitude: 10
- Small breakout threshold.
- Suitable for scalping breakouts, but increases false signals.
โก๏ธ TakeProfits target: 2.0
- Likely a multiplier-based TP, aiming for fast exits.
โก๏ธ StopLoss target: 1.0
- Logical stop reference, but ineffective since SL is disabled globally.
โก๏ธ Maximum bars: 3000
- Large historical range for breakout calculations.
- Helps adapt to long-term price structure.
๐ Conclusion (Breakout Logic):
The EA is tuned for frequent breakout detection, prioritizing entry speed over signal quality.
๐งฉ Working Time Settings โ Trading Schedule
โก๏ธ Work on Time: false
- EA trades 24/5 without time restriction.
โก๏ธ Start Time: 00:00
โก๏ธ End Time: 23:55
- These values are irrelevant unless time filtering is enabled.
๐ Conclusion:
Continuous trading increases opportunities but also exposes the EA to low-liquidity and news-driven risk.
๐งฉ Notifications Settings
All notification options are set to false:
- No push notifications
- No emails
- No alerts
๐ Conclusion:
The trader must actively monitor the account. This is not ideal for a high-risk grid EA.
๐งฉ Advisor & Execution Settings
โก๏ธ Orders Magic Number: 12345
- Ensures trade isolation from other EAs.
โก๏ธ Comments for orders: AW Breakout Catcher EA
- Helpful for tracking trades in history.
โก๏ธ Slippage Limit: 100
- Very high.
- Allows execution even during volatile conditions, but increases entry risk.
โก๏ธ Spread Limit Open: 1000
- Extremely permissive.
- EA may trade during high spread events (rollover, news).
โก๏ธ Maximum size of orders: 100.0 lots
- Very high ceiling.
- Combined with grid + multiplier = extreme risk potential.
โก๏ธ Allow BUY / SELL orders: true
- Full directional flexibility.
โก๏ธ Allow open new orders after close: true
- EA can immediately re-enter the market, increasing trade frequency.
โก๏ธ Show Panel: true
- Visual monitoring enabled.
โก๏ธ Font size in panels: 6
- UI preference only.
๐งฉ Final Verdict โ Overall Risk & Suitability
โก๏ธ Strengths
โ
Fast breakout detection
โ
Works in both market directions
โ
Suitable for volatile markets
โ
Aggressive profit capture
โก๏ธ Weaknesses
โ No hard Stop Loss
โ Grid + Martingale exposure
โ Very high max orders and lot limits
โ No trading session filter
โ No alert or notification system
๐ด Final Conclusion
The AW Breakout Catcher EA, as configured in the image, is a high-risk breakout grid trading system. It is designed to capitalize on short-term volatility but relies heavily on grid recovery and increasing lot sizes instead of strict risk control.
๐ This setup is not recommended for conservative traders or small accounts.
๐ Best suited for experienced traders, cent or high-equity accounts, and carefully monitored environments.
โ ๏ธ Without a Stop Loss and with aggressive grid settings, account drawdown or margin call is a real possibility during strong, one-directional market trends.
