2-Day Breakout - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources

The EA compares the high and low values ​​of the past 2 days in order to find the breakout for the day. It places a pending order at yesterday's highest price (if yesterday's H/L is higher than the previous day's H/L) or yesterday's lowest price (if yesterday's H/L is lower than the previous day's H/L).

If the order is not triggered by the end of the day, it will be cancelled.

It only works against currencies against the Japanese yen: USDJPY, EURJPY, GBPJPY.

Only works on the opening price, but I recommend testing it under control point mode or on every price move etc. D1 because the triggering of the order (after a successful breakout of the condition) refers to the ask/bid price.

There are no parameters that need to be optimized: this is a clear sign of the robustness of the system and needs to be optimized in all aspects to obtain a smoother asset.

I would be very happy if you could share with me some good ideas to improve the performance of your system!

Attachment download

📎 2dlimits_ea_v2.mq4 (8.03 KB)

Source: MQL5 #24135

2-Day Breakout - MetaTrader 4 Expert Pre-Using Tips

This page has been supplemented with structured instructions, focusing on the purpose of EA source code, MQL4/MQL5 platform compatibility, testing process and risk control. Before downloading or deploying, it is recommended to first determine whether it is consistent with your own variety, cycle and account environment.

Suitable for who to use

• Users who want to quickly screen EA source code and are willing to do simulation disk verification first.
• People who need to compare MT4/MT5 EAs, indicators, scripts or source code projects.
• Traders who wish to record backtests, parameters and risk boundaries before placing a trade.

Testing and risk control suggestions

• First verify the default parameters in the strategy tester or demo account, and then adjust the symbol, period, spread and trading period one by one.
• Scalping, grid, martin, and high-frequency strategies should focus on observing maximum drawdowns, consecutive losses, slippage, and trading frequency.
• It is not recommended to run any document directly on the real disk. At least observe the simulated disk performance for 2-4 weeks first.

FAQ

Can MT4 and MT5 be used interchangeably?
Usually cannot be used directly. EX4/MQ4 corresponds to MT4, EX5/MQ5 corresponds to MT5, and the source code needs to be compiled in the corresponding MetaEditor.

Is this resource guaranteed to be profitable?
cannot. EAs, indicators and scripts can only be used as trading tools, and the results depend on parameters, market environment, spreads, slippage and risk control.

What else can I continue to watch?
Forex EA download , foreign exchange indicator download , EA evaluation , MQL5 CodeBase .

English Search Notes

This page is also optimized for English search intent around 2 Day Breakout - MetaTrader 4 Expert . Related search terms include: MQL4 source code, MQL5 source code. Test any Forex EA, Expert Advisor, MT4/MT5 indicator, script or MQL source code with historical data and a demo account before live trading.