Great Breakout Spot EA
- Uzmanlar
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Md Meraz Mahmud
Hello, I'm Meraz, a Forex trader and MQL4/MQL5 developer based in Bangladesh, also known as "Meraz Trader". - Sürüm: 1.0
- Etkinleştirmeler: 10
MERAZ BREAKOUT EA - Smart Breakout Trading for Gold (XAUUSD) and Forex
Most breakout robots enter on every spike and get hit by false breakouts. Meraz Breakout EA waits for a clean market structure first, and only then trades the breakout. It works on closed candles only, once per new candle.
WHAT THE EA LOOKS FOR
1. Rising swing lows pushing into a resistance zone (falling highs into support for sells)
2. A tight build-up of candles at the zone
3. Clear space above the zone (no important older resistance nearby)
4. A strong breakout candle that closes beyond the zone
5. Direction in line with the EMA trend (optional)
If one condition is missing, no trade is opened.
TRADE AND RISK MANAGEMENT
- Every trade has a Stop Loss and a Take Profit
- No martingale, no grid, no averaging
- Risk per trade in % of balance (default 1%) or fixed lot
- Stop Loss below the build-up zone with an ATR buffer
- Partial close at 1R (default 50%) and automatic breakeven
- ATR trailing stop after the partial close
- Final Take Profit at 2R (adjustable)
- Daily loss limit: trading pauses for the day when the limit is reached
- Max spread filter, slippage protection and optional session filter
- Max open trades, buy-only / sell-only switches
- If the calculated lot is below the broker minimum, the EA skips the trade instead of over-risking
DASHBOARD AND ALERTS
- Live on-chart panel: trend, ATR, spread, EA status, last signal with entry / SL / TP, open trades, open and daily P/L, balance, equity, daily loss status
- Signal arrows and zones drawn on the chart
- Popup, sound and push alerts on every signal
RECOMMENDED SETTINGS
- Symbols: XAUUSD and major Forex pairs (EURUSD, GBPUSD, USDJPY)
- Timeframes: M15, M30, H1 (M15 or higher)
- Account: any type (hedging or netting), low-spread / ECN broker preferred
- VPS recommended for 24/5 operation
QUICK START
1. Attach the EA to an M5 And M15+ chart of XAUUSD or a Forex pair
2. Enable "Allow Algo Trading"
3. Keep the default settings or change the risk percent
4. Test on a demo account first
IMPORTANT NOTES
- The EA is selective, so signals are not frequent. This is by design.
- On timeframes below M5 M15 the EA stays inactive.
- Results depend on broker, spread, execution and market conditions. Please test with "Every tick based on real ticks" in the Strategy Tester on your own broker's data.
RISK WARNING
Trading Forex, Gold and CFDs involves a high level of risk and may not suit every investor. This EA does not guarantee profit. Past performance does not guarantee future results. Trade only with money you can afford to lose.
For support and suggestions, please send a private message on MQL5. Reviews are appreciated.
