How does it work?
The expert advisor trades breakouts of variable lengths, based on our famous indicator Day Trading. It uses a donchian channel and average true range (ATR) to take trading decisions.
It places pending orders at yet untouched support and resistance levels around the current price, using a donchian channel as a reference. When these prices are touched, the pending orders become market orders and the position management starts.
As soon a trade is 3-4 pips in profit, the EA moves the stop-loss to the open price plus/minus one pip in profit. From this point on, a wide trailing-stop expressed as percentage of the current trade profit is used to keep the trade alive as long as it is moving in our favor. The edge lies in the fact that volatility expands when the price tests an untouched price level, which usually allows the EA to perform a fast break-even and keep the trade alive at no risk.
The EA pyramids positions decreasing the lotsize each and every time.