Breakout15
Info
The Breakout15 is a Expert Advisor for MetaTrader 5 that the ea operates on the m1 timeframe, opening positions based on signals from the working timeframe indicators. It defines a price level and opens a new position when the price crosses this level.
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 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Breakout15
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
The EA operates on the M1 timeframe, opening positions based on signals from the working timeframe indicators.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: samy thuillier trader options dérivées - another powerful expert for MetaTrader 5 traders.
The EA operates on the M1 timeframe, opening positions based on signals from the working timeframe indicators. It defines a price level and opens a new position when the price crosses this level.Also recommended: CCI NR Breakout Trading System - similar expert with strong performance on MetaTrader 5.
Buy Signal: MA Fast on bar #0 > MA Slow on bar #0.
Sell Signal: MA Fast on bar #0 < MA Slow on bar #0.
The EA checks the working time range when defining a signal. Positions are closed by the opposite signal or forcedly on Fridays at the specified hour if the parameter is not '-1'.
Inputs:
- Working Timeframe: Timeframe for indicator calculation.
- Stop Loss: Stop loss value, '0' to disable.
- Take Profit: Take profit value, '0' to disable.
- Trailing Stop: Trailing stop value, '0' to disable.
- Trailing Step: Trailing step value.
- Start Hour: Start of the time range (hours), '-1' to disable.
- Stop Hour: End of the time range (hours), '-1' to disable.
- Friday Close Hour: Forced close hour on Fridays, '-1' to disable.
- Breakout Level: Break-out level.
- Lots: Lot size, used if the 'Risk' parameter is '0'.
- Risk: Dynamic lot size in risk percentage per trade, used if the 'Lots' parameter is '0'.
- Magic Number: Unique identifier for the EA.
You may also like: exp hans indicator cloud system tm plus - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.