Breakdown Trading Advisor
Info
The Breakdown Trading Advisor is a Expert Advisor for MetaTrader 4 that description:the expert advisor places two pending orders (buy stop/sell stop) at the beginning of the trading session. These orders are positioned at a specified distance from the previous day's high and low.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Breakdown Trading Advisor
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
Description:The Expert Advisor places two pending orders (Buy Stop/Sell Stop) at the beginning of the trading session.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: e-News-Lucky$ - Automated News Trading Expert Advisor - another powerful expert for MetaTrader 4 traders.
Description:The Expert Advisor places two pending orders (Buy Stop/Sell Stop) at the beginning of the trading session. These orders are positioned at a specified distance from the previous day's high and low.
Also recommended: Gap Trading Expert Advisor - similar expert with strong performance on MetaTrader 4.
Unexecuted orders are automatically removed. The advisor includes a trailing stop function and lot size calculation.
This advisor was tested on the EURUSD pair but can be applied to any currency pair with proper optimization. It is recommended for use on pairs with tight spreads.
Input Parameters:
MagicNumber: 123456
min_lot: 0.01
max_lot: 10
risk: 50 // Percentage of free margin to use
DIF: 0.0011 // Distance for order placement
SL: 0.0025 // StopLoss
TP: 0.0025 // TakeProfit
TS: 0.00015 // TrailingStop
DTS: 0.0009 // Minimum profit to activate TrailingStop
Testing Results for EURUSD Pair (2026):
Correction
10.02.2026
- Previously, orders were placed at 00:05:00, which worked well during testing but might not be effective in live trading due to potential lack of new quotes at that specific time.
Now, orders are placed upon receiving the first new quote after 00:00.
You may also like: Trend Me Leave Me: A Comprehensive Trading Tool - excellent alternative for expert users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.