Lazy Bot MT5 (Daily Breakout EA)
Info
The Lazy Bot MT5 (Daily Breakout EA) is a Expert Advisor for MetaTrader 5 that input parameters 2. local variables initialization 3.
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 Lazy Bot MT5 (Daily Breakout EA)
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
Input parameters 2.
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: Rollback system - another powerful expert for MetaTrader 5 traders.
Input parameters
2. local variables initialization
3. Main Code
Explaining the Strategy, Everyday Bot will delete All the old Orders and find Highest and Lowest value of the previous daily Bar and Send to two Pending orders "
Also recommended: Simple Trade - similar expert with strong performance on MetaTrader 5.
BUY_STOP", "
SELL_STOP
". (No TakeProfit).
a/ Expert initialization function
b/ Expert tick function
3.1 Calculate signal and send orders
3.2 New day, delete all old orders
3.3 EA has function "trailing StopLoss", SL will change every time price change and make profit increase
3.4 Check Volume value
3.5 Check FreeLevel
3.6 Check Money for trade
3.7 Check Stoploss
Video MQL4:
Video MQL5:
You may also like: MAM A C D - excellent alternative for expert users on MetaTrader 5.
⚠ 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.