Brakeout_Trader_v1 - MetaTrader 5 Expert - MT4/MT5 Resources
The author of the idea — Vladimir Nebolachko , the author of the MQL5 code — Barabashkakon .
The Expert Advisor opens trade in the direction of the breakout - the breakout level should be set manually. The EA can be configured to perform only buy or only sell transactions:
Breakouts are determined based on the closing prices of the first and second bars. Conditions for upward breakthrough:
// - - buy if ( close ( 1 )>appPrice&& close ( 2 )<=APPPrice)
Downward breakout conditions:
// - - sell if ( close ( 1 )<appPrice&& close ( 2 )>=APPPrice)
The Expert Advisor dynamically calculates the lot size based on the specified available margin risk percentage.
Attachment download
📎 brakeout_trader_v1.mq5 (20.83 KB)
Source: MQL5 #17582
Brakeout_Trader_v1 - MetaTrader 5 expert usage and filtering advice
Brakeout_Trader_v1 - MetaTrader 5 Expert belongs to MT5 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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