MT4 BreakOut and Zone Recovery by MQLSquare

Introducing a sophisticated BreakOut and RecoveryZone tool designed to empower traders in any market scenario, facilitating the optimization of trade opportunities.


The core strategy revolves around executing price breakouts using BuyStop and SellStop orders to achieve specific profit targets in dollars. Notably, traders can manually set the BuyStop and SellStop levels by simply clicking and dragging lines on the chart (FixedZone=true is required).


For swift market entry, you can drag the BuyStop line below the current price to initiate a buy position, and similarly, drag the SellStop line above the price for an instant sell position.


Crafted for serious traders seeking a top-tier tool for trade execution, it's imperative to utilize the Identifier input as your EA magic number, which can be any number or character of your choice.


Here's a breakdown of the input parameters:


1. Starting Lot Size: This represents your initial lot size at the commencement of a trading cycle.

2. Multiplier: This factor adjusts your lot size following losing trades or market reversals (for a fixed lot size, set the multiplier to 1). It's advisable not to use a multiplier exceeding 1.5.

3. Increasing Period: This parameter determines the rate at which your lot size increases. It's a powerful tool for managing trading volume, especially when employing martingale strategies.

4. Profit in Dollars: This signifies the target profit amount in dollars, indicating the conclusion of a trading cycle.

5. TimeFrame: Choose the timeframe you wish to monitor for the highest and lowest prices in the market to apply your trading zone.

6. Number of Candles to Look Back: Specify the number of candles to consider when identifying the highest and lowest prices in the selected timeframe.

7. Tolerance: This value, measured in pips, is added to the BuyStop and subtracted from the SellStop levels.

8. Fixed Zone: When set to true, the recovery zone remains static, which is essential for manual zone adjustments on the chart.

9. Fixed Zone Size in Pips: This parameter sets the fixed distance between the BuyStop and SellStop levels when employing a fixed zone.

10. Maximum Lot Size: If you're using a multiplier greater than 1, the lot size won't increase beyond this maximum limit throughout a cycle.

11. Allowable Drawdown (% of Equity): Determine the allowable drawdown as a percentage of your account equity. If this threshold is reached, the EA can close all positions. The "Remove expert after first cycle" setting specifies whether the EA should self-remove from the chart after a cycle.

12. Use Virtual Stop Loss: Enabling this feature allows the EA to apply stop loss to each position without affecting performance.

13. Hedge Mode: When activated, positions will not close during market reversals. The recovery zone will be fixed and will hedge between BuyStop and SellStop levels until the profit target is met. Using a higher multiplier (between 1.5 and 2.0) is recommended for hedging, but it involves higher risk.

14. Remove Expert After First Cycle: This option, when enabled, automatically removes the EA from the chart after it completes its first profit cycle, offering convenience.

15. EA Identifier: This serves as the EA's comment and identifier. It is crucial to use unique identifiers when employing the EA on multiple charts within the same account.

16. Times to Apply EA: Define specific hours and days during which the EA should operate based on broker time. Consider aligning this with high trade volume and market activity.

17. Telegram Messaging: If enabled, the EA can send messages to your Telegram chat, notifying you when a cycle begins, new trades are opened, and when profit targets are achieved. It requires activation by messaging the Telegram bot once.


Please note that this EA performs optimally in high-volume and trending markets. For a solution tailored to ranging markets, consider an alternative option.




MT5 version here



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Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average,  ADX, and High/Low Level  indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu
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Vladimir Pokora
Experts
Golderon EA – A Specialized Algorithmic Trading System for Gold (XAU/USD) MT5 version here Introducing Golderon EA , a fully automated trading system (Expert Advisor) meticulously engineered for trading gold (XAU/USD). This expert system is the result of extensive research, advanced algorithmic modeling, and precise optimization based on over ten years of real historical market data. Golderon EA implements an intradaily swing trading strategy , optimized for M15, M30, and H1 timeframes , ident
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Felipe Jose Costa Pereira
3.73 (11)
Experts
Golden Scalper PRO: Our Technology by Your Side! Manual and configuration files: Contact me after purchase to receive the manual and configuration files. Price: The price increases according to the number of licenses sold. Available copies: 3 Trading gold, one of the most volatile assets in the financial market, requires high precision, thorough analysis, and extremely effective risk management. Golden Scalper PRO was developed precisely to integrate these pillars into a robust and sophisticate
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Syarief Azman Bin Rosli
4 (3)
Experts
Download Trial EA Budak Ubat Channel Limited Time Price! The price will increase by 10 USD after every 10 purchases! How it works When the EA is active, it will analyze the chart based on the Execution Mode parameter. If there are no existing positions on the chart, the EA will enter a trade based on the parameter. If the trend is bullish, it will enter a buy trade and if it is bearish it will enter a sell trade. And it will also set a Stop loss order at a certain distance from the opened trad
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Sergey Kasirenko
4.22 (69)
Experts
Capybara EA is an advanced automated trend following system based on the Hama indicator.  If the market turns bearish and the indicator turns red the EA will sell, if the market turns bullish and the indicator turns blue the EA will buy.  The EA can accurately detect the beginning of uptrends and downtrends and will control open trades in a martingale/grid style until it hits TP.   Recommended pairs:  All major pairs like eurusd; audusd; gbpusd; nzdusd and also minor pairs like audcad; nzdcad;
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Ramil Minniakhmetov
5 (1)
Experts
Trend Catcher EA analyzes market price movements, using the author’s proprietary and customized adaptive trend-analysis indicators.   It identifies the true market direction by filtering out short-term noise and focusing on underlying momentum strength, volatility expansion, and price structure behavior.   By combining the smoothing and trend-filtering capabilities of special customized indicators such as moving averages, RSI, and volatility filters, the EA can automatically execute trades based
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FlipDamonHFT is a fully automated Expert Advisor for MetaTrader 4, developed for trading XAUUSD (Gold) on the M15 timeframe. It uses a high-frequency approach combined with advanced risk controls to identify and capture short-term opportunities in the gold market. The EA is designed for traders who understand the high-risk nature of HFT strategies. It focuses on precision execution, dynamic position sizing, and multi-layer protection to manage trades during volatile gold movements. Key Features
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