Breakout Catcher EA

Breakout Catcher EA — Free Edition

Optimized for Cash Indices | M30 Timeframe

Breakout Catcher EA is a simple yet effective trading tool designed to capture breakout movements on popular cash indices such as the S&P 500 and MSCI ACWI.
This Expert Advisor uses a breakout-based approach combined with smart trailing and breakeven management to help you trade trend continuations with precision.

Key Features

Ideal for cash indices (SP500, MSCI ACWI)
Works best on M30 timeframe
Automatic breakout detection
Advanced trailing stop and breakeven management
No complicated parameters — easy to use
Compatible with any broker

Strategy Overview

The EA identifies strong price movements by analyzing recent highs and volatility levels. When price breaks above a key resistance level (calculated over a user-defined range), a long position is opened. The EA includes robust risk management:

  • Customizable breakeven & trailing stop

  • Dynamic stop-loss adjustment based on moving averages and price action

  • No grid, martingale, or dangerous techniques

Recommended Settings

  • Symbol: Cash Indices (S&P500, MSCI ACWI, etc.)

  • Timeframe: M30

  • Count (lookback candles): 80 (default)

  • Lot size: Adjustable

  • Magic number: Adjustable

  • Trailing / Breakeven: Adjustable

Why is this free?

This EA is offered completely free to showcase the quality of my work.
If you like it, take a look at my other premium EAs here on the MQL5 marketplace — for more powerful and versatile tools.

Disclaimer

As with any trading algorithm, always test on a demo account and use proper risk management.
Past performance does not guarantee future results.


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