AI Inside Bar Breakout Trader
- Experts
- Version: 1.0
Captures the expansion that often follows a quiet inside bar.
How it works
The EA looks for a mother bar followed by one or more inside bars (up to three by default) on the signal timeframe.
A trade opens when a later candle closes above the mother bar high or below the mother bar low. Small mother bars can be ignored with an ATR filter, and an optional EMA trend filter keeps trades with the trend.
The stop is placed beyond the other side of the mother bar with an ATR buffer and a maximum distance cap.
Key features
- Inside bar and multiple inside bar detection
- Breakout on candle close, not on wicks
- Minimum mother bar size filter
- Optional EMA trend filter
- Risk based lot size with a maximum lot cap and free margin check
- ATR based break-even and trailing stop
- One position at a time, no grid, no martingale, no averaging
- Every trade is opened with SL and TP
- Small on-chart status panel
Recommended
Forex majors, XAUUSD and indices on H1 or H4.
Inputs
Risk percent, lot cap, magic number, maximum inside bars, minimum mother bar size, trend EMA, SL buffer, maximum SL, reward ratio, break-even and trailing.
Risk note
Trading involves substantial risk. Test the EA on a demo account first and use a risk level you are comfortable with.
