ProBoy Xonax: Breakout Trading Strategy
Info
The ProBoy Xonax: Breakout Trading Strategy is a Expert Advisor for MetaTrader 4 that this strategy analyzes newly formed candlesticks. Orders are placed immediately upon a breakout of the previous candlestick's high or low.
Usage
This tool is typically used for breakout trading when price moves beyond key support/resistance levels.
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 ProBoy Xonax: Breakout Trading Strategy
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
This strategy analyzes newly formed candlesticks.
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: Detecting New Bar Events in Expert Advisors - another powerful expert for MetaTrader 4 traders.
This strategy analyzes newly formed candlesticks. Orders are placed immediately upon a breakout of the previous candlestick's high or low.Also recommended: Cloud's Trade EA Template - similar expert with strong performance on MetaTrader 4.
Once the profit reaches the stop loss value, the order is moved to breakeven.
The system supports an unlimited number of orders, placing a new order when a trading situation arises.
The screenshot displays the results of testing on the daily timeframe since the beginning of 2026. The chart's timeframe is also configured within the software.
Disclaimer: Trading involves risk. Past performance is not indicative of future results. This description is for informational purposes only and does not constitute financial advice.
You may also like: MA VA-XONA X Expert Advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input int stloss=50;
input int tprof=1000;
input int timefr=240;
input double lot=0.1;
input int magik=100004;
int oninit().......
⚠ 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.