Support and Resistance Breakout MT4

This is an automated trading system for MetaTrader based on an objective and rule-based definition of support and resistance levels.

I do not guarantee any profits using this Expert Advisor.

Manual & Recommended Broker  SET FILES

Other free products

Strategy Logic

This EA defines resistance as the highest price within a predifined number of recent candles, confirmed by a predefined downward movement. Support is defined symmetrically using the lowest price and an upward confirmation move.

When a new level is detected:

  • A pending stop order is placed at that level
  • Fixed SL and TP are applied
  • Optional Trailing Stop can be enabled
  • Each level has an expiration time to avoid trading inactive zones

Market Conditions

The strategy follows a trend-based breakout approach. It is generally more suitable for instruments that show sustained directional movement such as indices, gold and bitcoin.

Higher timeframes (H1, H4, D1) are typically more stable due to reduced market noise and lower relative transaction costs. Performance may deteriorate in choppy market conditions.

This is not a martingale, grid or hedging system, though martingale can be applied, if your risk appetite allows it.

Inputs

  • Timeframe: The timeframe used for breakout analysis.
  • SR Period: The number of candles that define a local support/resistance.
  • SR Overlook: The number of candles before a local support/resistance, which need to be below the resistance or above the support, for the level to be valid.
  • SL percentage: The fixed stop loss percentage used for all trades.
  • TP percentage: The fixed take profit percentage used for all 
  • Use Martingale: Set to true if you want the strategy to use martingale (Dangerous)
  • Show support/resistance levels on the chart: Set to true if you want the levels to be displayed on your chart.
  • Enable Trailing stop: Set to true if you want to use trailing stops
  • Traling stop distance: The percentage to be used as traling stop.
  • Trailing activation distance: The percentage of profit distance the trade should have before activating the Trailing stop.
  • Orderdistance: The distance in percentage above/below the level, where the pending orders should be placed.
  • Expiry: The expiry hours to be used for the strategy to avoid trading inactive levels.
  • Balance Percentage: The percentage of your balance you want to allocate to the strategy. This will be used for the strategy's base balance then.
  • Maximum Drawdown: The allowed drawdown percentage of the allocated balance.
  • Maximum Daily Drawdown: The allowed daily drawdown.
  • Risk percentage per trade: The percentage of the allocated balance will be the risk each placed trade has.
  • Comment: Comment of the trades.
  • Magic Number: The magic number of the trades.

Recommended Use

  • Use on trending instruments
  • Test on H1, H4, or D1 timeframes
  • Optimize parameters carefully per symbol
  • Always forward-test on a demo account before live trading

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AW Recovery EA
AW Trading Software Limited
4.35 (84)
L'Expert Advisor est un système conçu pour récupérer les positions non rentables. L'algorithme de l'auteur verrouille une position perdante, la divise en plusieurs parties distinctes et ferme chacune d'elles séparément. Une configuration facile, un lancement différé en cas de baisse, un verrouillage, la désactivation d'autres Expert Advisors, une moyenne avec filtrage des tendances et la fermeture partielle d'une position perdante sont intégrés dans un seul outil C'est l'utilisation des pertes
SentinelAI
Valeriia Mishchenko
No losing months since August 2019, with a 2.04% monthly gain: Live performance MT 5 version can be found here Sentinel AI is fully automated trading system is built for major forex pairs such as EURUSD and GBPUSD on the M5 timeframe. By combining price action and mean reversion principles with advanced AI-driven analytics, it is designed to identify potential trend reversals and exploit market inefficiencies with greater accuracy and efficiency. Supported currency pairs: EURUSD, GBPUSD Timefram
XGen Scalper MT4
Burak Baltaci
3 (2)
XGen Scalper MT4 - Système de trading automatique professionnel XGen Scalper est un Expert Advisor de pointe qui combine une structure algorithmique avancée et une analyse technique éprouvée pour offrir des résultats cohérents sur tous les marchés. Ce puissant système de trading fonctionne sans problème sur les paires de devises, les métaux précieux tels que l'or et l'argent, les crypto-monnaies et les indices de matières premières. Technologie algorithmique avancée Son algorithme breveté de
Golden Mirage mt4
Michela Russo
5 (8)
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
Forex Dominance MT4
Ebrahim Mohamed Ahmed Maiyas
5 (1)
An advanced Expert Advisor powered by artificial intelligence and machine learning, specifically designed for analyzing Forex Market. It adapts to price movements and market fluctuations to detect potential trading opportunities. Discounted price   . The price will increase by $50 with every 5 purchases. No Risky Strategies   –   Does not use martingale or grid methods Artificial Intelligence Integration: At the heart of this EA les a sophisticated AI engine capable of recognizing complex patte
AI Prop Firms MT4
MQL TOOLS SL
5 (4)
AI Prop Firms - Intelligent Automation Built for   Prop Trading Firms . AI Prop Firms is an advanced fully automated Forex trading system powered by   Artificial Intelligence , developed specifically to operate within the strict rules and evaluation models of prop trading firms. The system is designed to trade under controlled risk conditions while   maintaining consistency , stability, and compliance with prop firm requirements. AI Prop Firms uses intelligent market analysis logic that continu
Saints Row Aggressive Scalper
Nervada Emeule Adams
2.5 (2)
Saints Row Aggressive Scalper est un Expert Advisor de trading haute fréquence (HFT) conçu pour les traders qui exigent une exécution rapide, des entrées précises et des performances constantes sur des marchés volatils. Conçu spécifiquement pour XAUUSD (Or) et USTEC (NASDAQ), cet EA est ingéniéré pour capitaliser sur les mouvements rapides des prix en utilisant une approche de scalping précise et agressive. Il performe exceptionnellement bien lors de la session de New York, où la liquidité et l
Big Forex Players MT4
MQL TOOLS SL
4.73 (45)
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
Forex GOLD Investor
Lachezar Krastev
4.39 (51)
ULTIMATE SALE! Get Forex GOLD Investor with a huge –60% discount ! Special Ultimate Price: $217 (Regular Price: $547 — You Save $330!) Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 3 trading systems . The first one is based on scalping trading strategy, the second system has time based dependency which opens up to 2 trades at a time and the third system is based on breakout strategy. It has been t
Gold Pulse EA est un Expert Advisor multi-stratégies qui combine trois systèmes de trading en un cadre structuré et rigoureux. Conçu spécifiquement pour l'or (XAUUSD), il s'adapte aux différentes conditions de marché grâce à une combinaison de swing trading intraday, d'exécution par session et de stratégies de range journalières. Il en résulte une approche de trading automatisée plus équilibrée et cohérente, sans dépendre d'une configuration unique. Conçu pour être simple d'utilisation, Gold P
TW Sniper EA – Gold Scalping Expert Advisor for XAUUSD Trend Trading TW Sniper EA MT4 est un Expert Advisor Forex avancé pour le trading de l’or, conçu avec une logique basée sur les tendances afin d’assurer des performances stables même dans des conditions de marché très volatiles. Ce puissant robot de scalping sur l’or se concentre sur le trading de XAUUSD pendant les sessions clés, garantissant une croissance constante tout en maintenant un contrôle strict des risques et une gestion professio
Hello All, good news, the very famous Bitcoin Wizard version 1.6 is now available on the mql5 website which works very smoothly. Bitcoin Wizard – Automated Bitcoin Trading System Bitcoin Wizard is an advanced automated trading system designed specifically for Bitcoin trading . It identifies strong market momentum by analyzing high–low price levels within specific periods and executes pending orders to capture breakout opportunities. Built for traders who want a fully automated solution , Bitcoin
Pattie US30 Crossover EA
Patrick Jeannot
5 (1)
Pattie US30 CrossOver EA is Easy to use and supervise Fully customizable moving average settings It implements two different trading behaviors Customizable break-even, SL, TP and trailing-stop Works for ECN/Non-ECN brokers Works for 2-3-4-5 digit symbols Trading can be NFA Compliant Trades can be closed on opposite signals Filter trading by weekdays and hours Built-in money management (Coming Soon) The EA implements four different behaviors: Regular: Buy on bullish crossovers and sell on bearis
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The Trade Manager Interface is a free utility designed to simplify manual trading in MetaTrader. MT4 Version Available          Manual       +Free Strategy     Gold Breakout Engine Please leave a review, if you like the trade manager. It allows traders to visualize trades directly on the chart, calculate position size automatically, and manage orders with advanced features such as partial take profits, automatic breakeven, and trailing stops. For more advanced features check out: ManHedger This
FREE
This is an automated trading system for MetaTrader based on an objective and rule-based definition of support and resistance levels. I do not guarantee any profits using this Expert Advisor. Manual & Recommended Broker   SET FILES Other  free products   Gold Breakout Engine Strategy Logic This EA defines resistance as the highest price within a predifined number of recent candles, confirmed by a predefined downward movement. Support is defined symmetrically using the lowest price and an upwar
FREE
The Supply and Demand Zone Indicator is a powerful and easy-to-use tool designed to help traders identify critical supply and demand zones on the chart. These zones can provide valuable insight into potential market reversals, breakouts, and important price levels where buyers or sellers are likely to take control. The best   FREE Trade Manager . If you want to create your own Hedging or Grid strategies without any coding make sure to check out the   ManHedger Key Features: Automatic Zone Detect
FREE
ManHedger MT5
Peter Mueller
4.83 (6)
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please TEST this product before BUYING  and watch my video about it. The price of the ManHedger will increase to 250$ after 20 copies sold. Contact me for user support or bug reports or if you want the MT4 version! MT4 Version  I do not guarantee any profits or financial success using this EA. With this Expert Advisor, you can: Implement your own Zone Recovery strategy to capitalize on trending markets. Create Grid trading s
The   Trade Manager Interface   is a free utility designed to simplify manual trading in MetaTrader. Please leave a review, if you like the trade manager. It allows traders to visualize trades directly on the chart, calculate position size automatically, and manage orders with advanced features such as partial take profits, automatic breakeven, and trailing stops. This tool focuses on risk control and execution precision, making trade management faster and more efficient. For the advanced trade
FREE
ManHedger MT4
Peter Mueller
5 (2)
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please TEST this product before   BUYING  and watch my video about it. Contact me for user support or bug reports, or if you want the MT5 version! MT5 Version I do not guarantee any profits or financial success using this EA. With this Expert Advisor, you can: Implement your own   Zone Recovery   strategy to capitalize on trending markets. Create   Grid   trading strategies, to profit from ranging markets. Place orders easil
The Supply and Demand Zone Indicator is a powerful and easy-to-use tool designed to help traders identify critical supply and demand zones on the chart. These zones can provide valuable insight into potential market reversals, breakouts, and important price levels where buyers or sellers are likely to take control. The best   FREE Trade Manager . If you want to create your own Hedging or Grid strategies without any coding make sure to check out the   ManHedger Key Features: Automatic Zone Detect
FREE
With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing. Input parameters: ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation LongArrowColor: The color of the Arrows displaying a Bullish candle formation BullishEngulfing: Disabled/Enabled/EnabledwithAlert BearishEngulfing: Disabled/Enabled/EnabledwithAlert Pin:  Disabled/Enabled/Enabledw
FREE
With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing. I'd appreciate if you would review the indicator Input parameters: ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation LongArrowColor: The color of the Arrows displaying a Bullish candle formation BullishEngulfing: Disabled/Enabled/EnabledwithAlert BearishEngulfing:   Disabled/Enab
FREE
Watch my video about this EA, and read the description (pros & cons) before purchasing!   Making an informed decision always pays off! No AI, No Quantum, No Grid, No Martingale.   This EA is built around a real trading concept: breakouts of major support and resistance levels.  Contact me after purchase for installation support and user guidelines. MT5 Version Price will increase based on live performance & demand. (250$ just for 24 hours, after that it will be 399$) SET FILES The Gold Breakout
Watch my video about this EA, and read the description (pros & cons) before purchasing!   Making an informed decision always pays off! No AI, No Quantum, No Grid, No Martingale.   This EA is built around a real trading concept: breakouts of major support and resistance levels.  Contact me after purchase for installation support and user guidelines. SET FILES   Price will increase based on live performance & demand. The Gold Breakout Engine is a portfolio of 4 different breakout strategies tradi
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