Candle Range Breakout and Reversal MT4 EA

  • Experts
  • Suyanto
  • Versione: 1.10
  • Aggiornato: 5 marzo 2024
  • Attivazioni: 5

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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WINTER SALE — FINAL DAYS! Get GOLD Scalper PRO with a huge –60% discount AND receive News Scope EA PRO as a FREE BONUS ! Special Winter Sale Price: $177 (Regular Price: $447 — You Save $270!) FREE BONUS: News Scope EA PRO A powerful multi-symbol strategy packed with advanced features, supporting 5 trading pairs — real value: $397! After completing your purchase, simply contact me and I will send you your BONUS EA immediately. Don’t miss this once-a-year opportunity! Live Results:   https://w
RiskShield Dragon   — Automated Multi-Currency Advisor Combining intelligent algorithms, robust protection mechanisms, and flexible configuration, **RiskShield Dragon** delivers consistent profits with minimal risk. --- ## Key Advantages * **Multi-Currency & Multi-Threaded**: Supports over 20 currency pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, NZDJPY, and more) simultaneously on any timeframe. * **Minimum Deposit from 10,000**: Optimized for trading with a starting balance of 10,000 account uni
Agera MT4
Anton Kondratev
AGERA MT4   è un Expert Advisor (EA) completamente automatizzato e multifunzionale, aperto e progettato per identificare le vulnerabilità nel mercato dell'oro! Not        Grid       , Not        Martingale    ,    Not      "   AI"         , Not      "   Neural Network" ,    Not      "   Machine Learning"    ,     Not     "ChatGPT"   ,     Not       Unrealistically Perfect Backtests  AGERA    Community :       www.mql5.com/en/messages/01e0964ee3a9dc01 Vantage Real :    https://www.mql5.com/en/sig
AI Forex Robot MT4
MQL TOOLS SL
4.29 (17)
AI   Forex Robot - The Future of Automated Trading. AI Forex Robot is powered by a next-generation   Artificial Intelligence   system based on a hybrid LSTM Transformer neural network, specifically designed for analyzing XAUUSD, EURUSD   and BTCUSD price movements on the Forex market. The system analyzes complex market structures, adapts its strategy in   real time   and makes data-driven decisions with a high level of precision. AI Forex Robot is a modern, fully automated system powered by   ar
Vortex Turbo EA MT4
Stanislav Tomilov
5 (9)
Vortex Turbo — “Scambia la tempesta, controlla il Vortice” Vortex Turbo rappresenta la prossima fase evolutiva del trading intelligente: uno sviluppo unico che unisce un'architettura di intelligenza artificiale all'avanguardia, una logica di mercato adattiva e un controllo preciso del rischio. Basato su comprovati principi algoritmici, integra molteplici strategie in un ecosistema unificato ad alta velocità, alimentato da un nuovo livello di intelligenza predittiva. Progettato come esperto di s
Trust EA MT4
Konstantin Kulikov
Trust EA   is a real trader's tool, working on a clear principle, with its advantages and disadvantages, so it will not suit everyone, but for some users it can become the best trading robot. * Limited special offer - 50% off the full price of the product. Only 5 copies at this price. * Discuss the complexities of Forex trading here:  chat "Age of Expert Advisors" . Logic I have been working with algorithmic trading systems since 2015, and in my experience, systems with a small StopLoss size ar
Apache MHL Moving Average
Paulo Roberto Da Costa
Sinal (GOLD/XAUSD) - mais de 14 meses ativo e mais de 6 mil negociações em conta Standard (alavancagem de 1:400):   https://www.mql5.com/pt/signals/2278431 Produto para MetaTrader4:  https://www.mql5.com/pt/market/product/159627 Produto para MetaTrader5:  https://www.mql5.com/pt/market/product/160313 O Apache MHL Moving Average Expert Advisor ou simplesmente "Apache MHL" é um robô que opera no ativo GOLD/XAUUSD utilizando estratégias baseadas em médias móveis e gestão de risco com Martingale.
XGen Scalper MT4
Burak Baltaci
3 (2)
XGen Scalper MT4 - Sistema di trading automatico professionale XGen Scalper è un Expert Advisor all'avanguardia che combina un'analisi tecnica comprovata con una struttura algoritmica avanzata per offrire risultati coerenti su tutti i mercati. Questo potente sistema di trading funziona senza problemi su coppie forex, metalli preziosi come oro e argento, criptovalute e indici delle materie prime. Tecnologia algoritmica avanzata L'algoritmo di scansione delle onde brevettato elabora i dati di
Aura Neuron MT4
Stanislav Tomilov
4.44 (16)
Aura Neuron è un Expert Advisor distintivo che continua la serie di sistemi di trading Aura. Sfruttando reti neurali avanzate e strategie di trading classiche all'avanguardia, Aura Neuron offre un approccio innovativo con eccellenti prestazioni potenziali. Completamente automatizzato, questo Expert Advisor è progettato per negoziare coppie di valute XAUUSD (GOLD). Ha dimostrato una stabilità costante su queste coppie dal 1999 al 2023. Il sistema evita pericolose tecniche di gestione del denaro,
Javier Gold Scalper V2
Felipe Jose Costa Pereira
5 (4)
Javier Gold Scalper: La nostra tecnologia al tuo fianco! Manuale e file di configurazione: contattami dopo l'acquisto per ricevere il manuale e i file di configurazione. Prezzo: il prezzo aumenta in base al numero di licenze vendute. Copie disponibili: 5 Fare trading sull'oro, uno degli asset più volatili del mercato finanziario, richiede elevata precisione, un'analisi accurata e una gestione del rischio estremamente efficace. Il Javier Gold Scalper è stato sviluppato proprio per integrare ques
Goldbot One MT4
Profalgo Limited
5 (5)
PROMOZIONE DI LANCIO: Ne sono rimaste solo poche copie al prezzo attuale! Prezzo finale: 990$ NOVITÀ: acquista Goldbot One e scegli 1 EA gratis!! (per 2 account commerciali) UNISCITI AL GRUPPO PUBBLICO:   Clicca qui   Offerta Combo Ultimate     ->     clicca qui LIVE SIGNAL Vi presentiamo     Goldbot One   , un robot di trading altamente sofisticato progettato per il mercato dell'oro. Concentrandosi sul breakout trading, Goldbot One sfrutta sia i livelli di supporto che quelli di resistenza p
Altri dall’autore
News Catcher Range Breakout MT4 EA "Trade on news and capture sudden price movement" What this EA does: This EA will help you trade on News. User input the news hour and time or read the next news date and time from a text file. The text file should be in MQL4\Files folder for live trading. and in tester\files folder for back test. Specify trading window time, start minutes before and end minutes after news. User can also trade after the news to avoid risk of slippage and capture price revers
Time Range Breakout and Reversal MT4 EA by SK What this EA does: It find the high and low from a specified range period of time and trade using that range. The EA trade on that range breakout. But If the range size is bigger than max 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. It has the option to trade as soon as the time range ended or wait until
Moving Average Reversal and Pullback Range Breakout MT4 EA What this EA does: This EA place pending BUY STOP and SELL STOP order trailing moving average by distance pts. It waits for price to make a reversal trend or hit moving average and make a pullback. Pending order stop trail the moving average until executed. For scalping, change the moving average to shorter period. Please change the Close and Delete orders before and after trade parameter to true. Features or Setting: Parameters must b
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