LondonBreakout EA V1.0 MT5 LondonBreakout EA V1.0 MT5 - MetaTrader 5 Resources

introduce

LondonBreakout EA V1.0 MT5 is an automated trading system designed specifically for MetaTrader 5, focusing on capturing price breakthroughs during the London trading session. It identifies consolidation ranges that develop during periods of low volatility and executes trades when strong breakout moves occur.

Main features

• London Session Breakout Strategy
• Automatic range detection (Asia session)
• Breakout-based trade execution
• Fully automated trading system
• Built-in stop loss and take profit
• Time-based trading logic
• Customizable lot sizes and risk settings
• Optimized for high volatility conditions

Recommended settings

• Time frame: M15
• Currency pairs: EUR/USD, GBP/USD, USD/JPY
• Lot size: 0.01 lot per 1000 USD balance
• Risk level: 1%–2% per trade
• Broker Type: ECN or Low Spread Broker
• VPS: Recommended
• Trading hours: London session (adjusted according to broker time)

Backtest results

• Strong performance amid volatile market conditions
• Best results during London session breakout
• Occasional losses due to false breakouts
• Control drawdown with appropriate settings
• Transaction frequency is limited to session-based opportunities
• Results depend on propagation and execution speed

advantage

• Key breakthrough strategies
• Trading during high-liquidity periods
• Fully automatic execution
• Logic is simple and easy to understand
• Time-based transaction filtering
• Customizable settings
• Suitable for day trading

shortcoming

• Prone to false breakthroughs
• Limited daily trading opportunities
• Depends on correct session time
• Need a low spread broker
• Less effective at low volatility
• No guaranteed profit

Installation and Setup Guide

1. Download EA file (.ex5)
2. Open MT5 → File → Open data folder
3. Paste the file into the MQL5 → Experts folder
4. Restart the MT5 platform
5. Attach EA to chart (recommended for major currency pairs)
6. Enable automated trading
7. Set lot size and risk parameters
8. Configure London session timing
9. Allow DLL import if needed
10. Stable performance using VPS
11. Test on a demo account before trading for real.

Product screenshots