Alshamsi Breakout Fuad EA 3
Alshamsi Breakout Fuad EA 3 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Judging by its name, it is built around breakouts from a range. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 20 settings, for example A (default Breakout Settings), Start Hour (default 1) and End Hour (default 9). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Alshamsi Breakout Fuad EA 3
Alshamsi Breakout Fuad EA 3 is an expert advisor (trading robot) for MetaTrader 4. It moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 20 settings, such as A, Start hour and End hour. MQL source code included.
It also trades breakouts.
Files in the download: alshamsi_Breakout_Fuad_EA.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| A | Breakout Settings | |
| Start hour | 1 | Hour when trading starts (server time) |
| End hour | 9 | Hour when trading stops (server time) |
| Mm parameters | Money Management | |
| Use money management | false | |
| Risk percent | 10 | Risk per trade (percent of balance) |
| Lots | 1 | Trade size in lots |
| Lot digits | 1 | |
| B | Order Management | |
| Ecn broker | true | |
| Use sound | false | Turn this alert on or off |
| Add pips | 0 | |
| Orders number | 1 | |
| Take profit | 20 | Take profit distance |
| Stop loss | 20 | Stop loss distance |
| Trailing stop | 0 | Trailing stop distance or switch |
| Trailing step | 0 | Trailing stop distance or switch |
| Break even | 0 | Move the stop to break-even |
| Movestopto | 1 | |
| Magic number | 55 | Magic number that tells this EA's orders apart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Breakout · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code