Support and Resistance Breakout MT5

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

Check out my other free products aswell!

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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Haidar Lionel Haj Ali
5 (3)
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Ultimate Breakout System
Profalgo Limited
5 (30)
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William Brandon Autry
5 (17)
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5 (13)
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MQL TOOLS SL
5 (10)
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Svetlana Cherepanova
2.91 (23)
Gold Buster: Espansione Intelligente nel Mercato XAU/USD Gold Buster è un sistema esperto di nuova generazione basato sulla sinergia tra architetture di reti neurali e analisi predittiva. L'algoritmo è progettato per lo sfruttamento autonomo della volatilità dell'oro, offrendo un'elaborazione dei dati di livello istituzionale ed eliminando i pregiudizi cognitivi (bias) nel trading. Questo bot utilizza una tecnologia differente dai miei prodotti precedenti, consentendo di personalizzare sia la qu
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Branislav Bridzik
5 (16)
XAUUSD Master is a multi-system Expert Advisor designed specifically for gold (XAUUSD) trading. It combines 10 independent trading systems running simultaneously, each with different parameters to capture different market conditions. The EA includes advanced risk management features, prop firm spoofing features, and a simple information panel for real-time monitoring. After the purchase send me private message to recieve manual with instructions! Trading Approach & Strategies The EA employs a
Stability Killer AI
BLODSALGO LIMITED
5 (4)
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Pivot Killer
BLODSALGO LIMITED
4.66 (29)
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ManHedger MT5
Peter Mueller
4.8 (5)
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
Trade Manager Interface MT5
Peter Mueller
4.79 (14)
The Trade Manager Interface is a free utility designed to simplify manual trading in MetaTrader. MT4 Version Available 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 tool focuses on risk control and execution precision, making
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 MT4
Peter Mueller
5 (1)
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
Trade Manager Interface MT4
Peter Mueller
4.69 (13)
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
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
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 Check out my other   free products   aswell! 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
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