False Breakout EA MT5
- Experts
- Mattia Impicciatore
- Version: 1.0
- Activations: 5
False Breakout EA is an Expert Advisor designed to detect and exploit false breakouts on key support and resistance levels.
The system uses daily candle analysis to identify re-entries after false breakouts, with an optional RSI confirmation filter to increase signal reliability.
Trading logic
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Automatic detection of false breakouts on support and resistance.
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Optional RSI confirmation to filter out weak signals.
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Multi-timeframe analysis to detect overall market trend.
Trade management
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Fully customizable Stop Loss and Take Profit.
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Automatic breakeven with adjustable distance.
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Option to close trades intraday or multiday.
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Dynamic lot size calculation based on risk percentage.
Time filters
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Hourly filters to trade only during specific sessions.
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Daily filters to enable or disable trading on selected weekdays.
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Monthly filters to control trading activity across the year.
Safety features
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Maximum number of orders and positions to avoid overexposure.
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Compatible with any currency pair and ECN brokers.
Advantages
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Fewer false signals thanks to RSI filter.
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Suitable for both intraday and multiday trading.
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Fully automated with intelligent risk management.
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Optimized for M15, H1 and D1 timeframes.
False Breakout EA is the perfect choice for traders looking for a robust and disciplined system capable of effectively taking advantage of market re-entries after false breakouts.
Keyword:
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