Forex Breakout EA

A forex breakout expert advisor is a computer program that helps traders identify and trade breakouts. Breakouts occur when the market price of a currency pair breaks out of a range-bound trading pattern. They can signal the start of a new trend or the end of an existing one. Breakout expert advisors use technical indicators to identify breakout patterns and generate buy or sell signals accordingly. They can be used on any time frame, but are most commonly used on hourly or daily charts. Many breakout expert advisors also offer trailing stop loss orders, which help to lock in profits as the market price moves in the trader's favor.