Candle Size Breakout

Candle Breakout

Build your own breakout strategy — choose candle size, filters and position management

What is Candle Breakout?

Candle Breakout is an Expert Advisor based on the candle range breakout strategy. It gives you the tools to build your own strategy — you decide what candle size you're interested in, which trend filters to enable, how to manage your position and what risk you accept.

You build the strategy, the EA executes it.

• Choose your candle size — set minimum and maximum range in pips tailored to your instrument and timeframe
• Select trend filters — one MA, two MAs, ADX, HTF or any combination
• Set up position management — SL in pips, ATR or on candle, fixed or dynamic TP, Break-Even, Trailing Stop
• Control your risk — fixed lot, account percentage, daily limits, max positions

Every parameter can be set manually or left at 0 = auto — the EA will then use values from built-in presets for the given instrument.

How does the EA open positions?

The EA monitors the range of selected previous candles (default 1 candle = classic breakout). It defines a breakout zonebased on the highest High and lowest Low (from wick to wick):

• BUY — when price breaks above the High of the breakout zone
• SELL — when price breaks below the Low of the breakout zone

Every entry must pass through a chain of filters before being approved:

1. Trend Filter — Dual Moving Average

• Fast MA (e.g. SMA 50) + Slow MA (e.g. SMA 200)
• Requires N consecutive closed candles above/below BOTH averages (configurable parameter)
• BUY only when confirmed N candles closed above both MAs
• SELL only when confirmed N candles closed below both MAs
• Single MA mode — uses only one average (disable Slow MA by setting -1)

2. Higher Timeframe Filter (HTF)

• Checks trend direction on a higher timeframe (e.g. D1 or W1)
• Blocks BUY entries when HTF is bearish and vice versa
• Automatic HTF selection based on the current timeframe

3. Trend Strength Filter — ADX

• Measures trend strength using the ADX indicator
• Blocks trading when ADX is below threshold (default 20) — sideways market, false breakouts
• Configurable period and minimum ADX level

4. MA Distance Filter

• Checks the distance between Fast and Slow MA in ATR units
• When averages are too close together — market is in consolidation, breakouts fail
• Requires Dual MA (both averages active)

5. Candle Range Filter

• Rejects candles that are too small (no momentum) or too large (move already happened)
• Auto (0) — the EA calculates min/max range based on instrument and timeframe (e.g. USDJPY M30 has different thresholds than GOLD H4)
• Manual — you set minimum and maximum candle range in pips, tailored to your TF and trading style
• Example: on M5 you might set 3-15 pips, on H4 it could be 20-200 pips
• Lookback candles — choose how many candles back to build the breakout zone (1 = previous candle, 3 = range from 3 candles)

6. Spread Filter

• Blocks trading when spread exceeds the allowed maximum
• Auto (0) — spread limit selected automatically from instrument preset, scaled with timeframe
• Manual — you set max spread in pips (e.g. 2.0 = max 2 pips)
• When spread exceeds the limit — the EA waits for it to drop before opening a position

Each filter can be enabled or disabled independently. A position opens only when ALL enabled filters give the green light.

Stop Loss System — 3 Modes

Choose the SL method that fits your strategy:

Mode 1: ATR-based SL (default)

• SL = ATR multiplier (e.g. 1.5x ATR)
• Automatically adapts to current volatility
• Scaled by Adaptive Volatility (comparison of current ATR to 20-period average)

Mode 2: Manual SL (fixed pips)

• SL = exact distance in pips (e.g. 30 pips)
• Fixed value regardless of volatility

Mode 3: Candle SL (SL at candle Low/High)

• BUY: SL below the breakout candle Low + buffer in pips
• SELL: SL above the breakout candle High + buffer in pips
• SL based on actual candle range — adjusted to the current price movement
• Overrides both modes above when enabled

Priority: Candle SL > Manual SL > ATR SL

Take Profit System — 3 Modes + Dynamic TP

Mode 1: ATR-based TP (default)

• TP = ATR multiplier (e.g. 2.5x ATR)
• Adapts to volatility — higher ATR = wider TP

Mode 2: Manual TP (fixed pips)

• TP = exact distance in pips (e.g. 80 pips)

Mode 3: TP disabled

• No Take Profit — position closed only by Trailing Stop or Stop Loss
• For "let profits run" strategies with aggressive trailing

Dynamic TP — mid-trade adjustment

• When ATR changes by more than 10% since entry — TP is automatically recalculated
• Increased volatility = TP moves further
• Decreased volatility = TP moves closer
• Works only with ATR-based TP, not with Manual TP

Break-Even — Securing Your Position

When a position reaches a specified profit, the SL moves to entry level (or locks a small profit):

• BE Start — distance in ATR when BE activates (e.g. 1.0x ATR)
• BE Lock Profit — how much profit to secure above entry price (e.g. 0.05x ATR ≈ breakeven, 0.3x ATR = small profit)
• Automatic values from presets or full manual control

Trailing Stop — Following the Price

After reaching the required profit, the SL follows price in the profit direction:

• Trail Start — minimum profit in ATR before trailing activates (e.g. 2.0x ATR)
• Trail Step — SL distance from current price (e.g. 1.0x ATR behind price)
• Trailing + BE can work together: first BE secures entry, then Trailing takes over and moves SL further into profit

What can you configure?

Automatic Instrument Detection

The EA automatically detects and configures presets for:

Presets are a starting point — after loading them you can change any parameter and test your own settings.

Real-Time Dashboard

Clear on-chart panel showing:

• Detected instrument, account size, current risk
• MA trend with confirmation + average values
• Sideways filters (ADX + MA distance) with color-coded status
• Position status, direction, breakouts
• Account balance, equity, daily P&L with limits
• Breakout range, spread, trade count
• Current SL/TP/BE/Trail parameters in pips
• Statistics: win rate, wins/losses, total profit

Dynamic layout — disabled features automatically disappear from the dashboard.

Supported Instruments

GOLD (XAUUSD) • SILVER (XAGUSD) • Forex Major (EURUSD, GBPUSD, USDJPY...) • Forex Minor (EURGBP, AUDNZD...) • Indices (US30, US500, NAS100, DAX, FTSE...) • Crypto (BTCUSD, ETHUSD...) • Oil (WTI, BRENT)

Supported Timeframes

M1 • M5 • M15 • M30 • H1 • H4 • D1 — automatic parameter scaling

All Settings Explained

=== GENERAL ===

=== RISK MANAGEMENT ===

=== ENTRY — CANDLE BREAKOUT ===

=== SPREAD FILTER ===

=== TREND FILTERS ===

=== STOP LOSS / TAKE PROFIT ===

=== TRADE MANAGEMENT ===

=== SMART MEMORY ===

=== BROKER ===

=== DISPLAY ===