Breakout BSL EA
Breakout BSL EA — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. Its name points to breakouts from a range. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 40 settings, for example S1 (default ---------------- Entry S), Start Hour (default 05:00) and End Hour (default 08:00). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 3 indicator files with source code (.mq4) you can open and edit in MetaEditor and 1 settings file (.set). 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 Breakout BSL EA
Breakout BSL EA is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 40 settings, such as S1, Start hour and End hour. MQL source code included.
It also can size trades from your balance and risk percent and trades breakouts.
Files in the download: breakout bsl ea eu m5.set, breakout eagle.tpl, Breakout BSL EA.mq4, BreakOut_0600_0900_EAGLE__indicator.ex4, Fibonacci Pivots.mq4, Breakout BSL 10k- FXDD.gif, Thumbs.db, Breakout BSL 1k- FXDD.gif ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| S1 | ---------------- Entry Settings | |
| Start hour | 05:00 | |--------------start hour to set the range |
| End hour | 08:00 | |----------------end hour to set the range |
| Close mode | 1 | |-----------------------0=no close, 1=close hour, 2=expiration |
| Close hour | 05:00 | |--------------hour to close trades |
| Expiration | 240 | |--------------------expiration in minutes |
| Set minutes | 3 | |----------------------max number of minutes to set orders |
| Min range pips | 30 | |----------------minimum range in pips |
| Max range pips | 100 | |---------------maximum range in pips |
| Margin range | 7 | |---------------------margin in pips added to the range |
| S2 | ---------------- Money Management | |
| Lots | 0.1 | |-----------------------lots size |
| Risk mm | false | |---------------------risk management |
| Risk percent | 1 | |------------------risk percentage |
| Martingale | false | |-----------------martingale |
| Multiplier | 2.0 | |-----------------multiplier martingale |
| Min profit | 50 | --------------------minimum profit to apply the martingale |
| Basket profit loss | false | |-----------use basket loss/profit |
| Basket profit | 100000 | |---------------if equity reaches this level, close trades |
| Basket loss | 9999 | |-------------------if equity reaches this negative level, close trades |
| S3 | ---------------- Order Management | |
| High low sl | true | |-------------------auto sl at opposite high low |
| Stop loss | 0 | |------------------------stop loss |
| Take profit | 0 | |----------------------take profit |
| Hide sl | false | |---------------------hide stop loss |
| Hide tp | false | |---------------------hide take profit |
| Trailing stop | 0 | |--------------------trailing stop |
| Trailing step | 0 | |--------------------trailing step |
| Break even | 0 | |-----------------------break even |
| Max orders | 1 | |-----------------------maximum orders allowed |
| Slippage | 3 | |------------------------slippage |
| Magic | 2009 | |------------------------magic number |
| S4 | ---------------- MA Filter | |
| Ma filter | false | |-------------------moving average filter |
| Ma period | 20 | |-----------------------ma filter period |
| Ma method | 0 | |------------------------ma filter method |
| Ma price | 0 | |-------------------------ma filter price |
| S5 | ---------------- Time Filter | |
| Trade on sunday | true | |---------------time filter on sunday |
| Monday to thursday time filter | false | |-time filter the week |
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 · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Indicator · MQL4 Source Code