Horizontal Line Break Out Entry

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The horizontal line Breakout Entry is a powerful entry method that is to place a position if price closes breakout an important key level price, then price may move further in the favour direction of the trade. Hence, this method is widely used by many traders with various entry condions. MT4 Trade Manager EA will assist traders to place the trade while traders are not at their trading desks.

Hereafters are steps to setup for a Horizontal line breakout entry on the EA (refer above screenshot):
Step 1:  Select a suitable Stoploss Option.
Step 2: Click on “EntryLin” button to draw an entry line, then move it to a target entry price.
Step 3: Click Buy/Sell to enable a waiting Buy/Sell order accordingly. Now, traders can leave their trading desk, EA will automatically place an order as soon as price closes above/below the target price for a Buy/Sell order respectively.

There are a wide range of Breakout entry strategies can be found on Google, below is a leaf in a forest for your reference.

Do not hesistate to get MT4 Trade Manger EA free here.

Thanks for reading !
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