Candle Range Breakout and Reversal MT4 EA

Candle Range Breakout and Reversal MT4 EA by SK

What this EA does:

It find the high-low or open-close from the previous candle trade using that range.

For scalping, user can use shorter candle timeframe.
Everytime there is a new candle, the range is updated to the previous candle.

This process is repeated until trading window ended.

If the candle size is big, there might be only small momentum left for breakout.

That's why reversal strategy should be implemented.

If the range size is bigger than min range size specified by user,
user can add distance pts to activate Reversal Trade Strategy.
If the range size is big and price swing inside the range,
reversal trade can capitalize on that.


Features or Setting:

Parameters must be re-tune or recalibrate according to pairs
and market condition depending how big the price swing in average.

Previous orders should be closed and deleted before trade window time start.

Previous orders should be closed and deleted at the end of trade.
Previous orders should be closed and deleted when there is new candle or new range.

Option to execute order instead of pending order stop
if price is out of range when trading time start.
Should be turn off to be safer.
But by turning on we can catch the trend or momentum.

Order Frequency to limit over trading
or to trade Long only or to trade Short only
if there is strong trend in fundamental or macroeconomics.

Trailing Stop, SL trail market price by pts
when triggered pts from Order Price.

Locking Stop or Breakeven Stop, Lock SL at Order Price by pts
when triggered pts from Order Price.

Partial Close, close partial(some) lot
when triggered pts from Order Price.

*Martingale* option to change lot size after number of trades.

Equity Stop to delete and close orders when triggered.
(*Orders from this EA or all orders within this account)

Disclaimer:
There is no winning guarantee.
Treat this EA as a tool to help you trade, to test on your theory or strategy or parameters.
Combine it with other techniques, fundamentals, macroeconomics.
Since this is a breakout strategy, always look for strong trend or strong momentum
like news, trading session opening (Asia Session, London Session, New York Session).
If you are trading on USD pair, look for USD news and New York opening Session.

Risk:
Sideways or weak momentum hitting multiple StopLoss

Recommendation:

USDJPY pair

Start trading time on New York Session where news or market might push price in one direction


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MacroAU (try 15m in tester since Jan - it was a trying time for Gold) new extra modules coming see comments. One trade per day. That's the whole discipline. Not ten trades. Not a grid. One. Gold gives you one clear opportunity most days, and dozens of tempting traps. MacroAU is built to take the first and refuse the rest. Each morning it studies the structure the market has built overnight, decides whether today qualifies at all, then takes a single position with a real stop, a defined target an
Exotic Adv
Ivan Simonika
Exotic Bot   is a multi -cream multifunctional adviser working on any time frame and in any market conditions. The robot’s work is taken as a system of averaging with the non -geometric progression of the construction of a trading grid. Built -in protection systems: special filters, spreading, internal restriction of trading time. Building a trading grid, taking into account important internal levels. The ability to configure trading aggressiveness. Work postponed orders with trailing orders. T
THE MARKET CHANGES. EUR MACHINE PRO CHANGES WITH IT. Not one strategy for every situation. Not one signal. Not one fixed set of rules. EUR MACHINE PRO first determines what kind of market it is dealing with, and only then decides which trading logic should be used. Range? Trend? Calm market? High volatility? Different market conditions activate different models, different entry logic and different trade management. This is what many traditional Expert Advisors are missing: they continue applyin
Multi Sniper mq
DMITRII GRIDASOV
5 (3)
MULTI SNIPER EA is precise automatic trading system with around 90% accuracy for MT4 platform. This profitable scalping EA is really one of the most stable system on the market at the present time. No grid! No martingale! It is original product which is offered only on this MQL5 website. Download EA Set_files for testing and trading: GBPAUD Set_file GBPCAD Set_file - Implemented compound interest method and scalping techniques. - System sets dynamic SL automatically depending on market volati
PolyGold Scalper MT4
Connor Michael Woodson
PolyGold Scalper is a short-term scalping system for XAUUSD that can make trading decisions based on integration with Polymarket API. Live Signal: CLICK HERE All trading is done within MetaTrader and does not require API keys or a Polymarket account. The chart includes a panel that mirrors the data feed from Polymarket and refreshes every few seconds. The EA only enters single-shot positions and manages them without the use of grid or martingale. Exits are based on a dynamic virtual stop loss an
Recovery Manager Pro MT4
Ianina Nadirova
5 (1)
Recovery Manager Pro is a system for recovering drawdowns from other advisors or from manually opened orders. RM Pro has the ability to automatically dynamically adjust. The trader needs to select the risk level and the advisor will work in fully automatic mode. Can work in drawdown recovery mode and standby mode! If another advisor generates a drawdown, RM Pro will disable it, lock the position and start the process of restoring the deposit using partial closures. In its trading, the advisor u
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