Candle Breakout One Trade Daily
- Uzmanlar
- Sürüm: 1.11
- Etkinleştirmeler: 5
CANDLE BREAKOUT ONE TRADE DAILY
MetaTrader 5 Expert Advisor | Version 1.11
OVERVIEW
This Expert Advisor follows a previous-candle breakout approach. During the configured entry window, it can place a Buy Stop above the previous completed candle high and a Sell Stop below the previous completed candle low. When one pending order is triggered, the EA cancels the opposite pending order (OCO). It is designed to allow no more than one trade per broker-server day.
STRATEGY AND CONTROLS
- ATR-based stop loss and take profit, with adjustable ATR period and multipliers.
- Position sizing by percentage of account equity or by fixed lot.
- Adjustable entry buffer beyond the previous candle high or low.
- Configurable entry window and end-of-day position closing, using broker-server time.
- Weekday switches, optional maximum-spread filter and slippage setting.
- Pending-order volume is checked against the symbol's available directional volume limit.
DEFAULT SETTINGS
The source defaults are ATR period 14, stop and target multipliers 1.0, risk sizing at 1.0% of equity, entry window 09:45–16:15, and end-of-day close at 20:00. These are defaults only. Broker server time and symbol specifications vary, so review every input before testing.
SETUP
Designed for MetaTrader 5 and intended for a US30/DJ30 broker symbol on a Daily chart. The EA uses the symbol and timeframe of the chart to which it is attached. Symbol names, contract sizes, tick values, minimum volumes, spreads and trading hours differ between brokers. Confirm that your broker allows the required pending orders and that the chart timeframe and server-time settings are suitable.
DEMO TESTING AND RISK
Demo testing is strongly recommended before any live use. The buyer is responsible for testing the EA with their broker, checking all inputs and deciding whether the risk is appropriate. Backtest and demo results can differ from live execution because of data, spread, commission, slippage, execution rules and contract specifications. Historical or simulated results do not guarantee future results. Trading leveraged CFDs and indices involves substantial risk and can result in loss, including loss of the full amount invested. This product is software, not financial advice.
