Breakout Retracement 100

Breakout Retracement EA is an automated trading system designed to capture continuation moves after strong market breakouts. The strategy identifies a breakout and waits for a controlled retracement before entering the market using pending limit orders. This approach helps traders avoid chasing price and instead enter at more favorable levels.

To maintain strict risk management, the EA calculates the lot size automatically based on account equity and a maximum risk of 2% per trade.

The system includes multiple safety mechanisms designed for stable automated trading. It automatically cancels any unfilled pending orders when a new candle begins, ensuring that outdated setups are not executed. The EA also prevents trading when the market spread exceeds a specified threshold. Additionally, a built-in equity protection system disables trading if the account experiences a maximum drawdown of 50%.

Key Features:
• Breakout detection with retracement entry
• Pending limit orders for improved entry price
• Automatic lot sizing with maximum 2% risk per trade
• Spread filter to avoid unfavorable market conditions
• Automatic cancellation of unfilled orders on new candle
• Maximum equity drawdown protection (50%)
• One trade per symbol at a time

This EA is suitable for traders who prefer a structured breakout-retracement strategy with strict risk management and automated execution.

Recommended Settings:
• Instruments: Major Forex pairs
• Minimum deposit of $100
• Low-spread broker recommended

The EA is fully automated and designed to run continuously on a VPS for optimal execution.