Breakout TR 0 1 .5
From the Old Kings archive: Breakout TR 0 1 .5, an expert advisor (trading robot) for MetaTrader 4. Its name points to breakouts from a range. It places pending orders and moves the stop behind price. It has 8 settings, for example Trade Open Time (default 10), Look Back Hrs (default 4) and EOD (default 24). 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 Breakout TR 0 1 .5
Breakout TR 0 1 .5 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 8 settings, such as Trade open time, Look back hrs and EOD. MQL source code included.
Files in the download: Breakout_TR_0[1].5.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 |
|---|---|---|
| Trade open time | 10 | |
| Look back hrs | 4 | |
| EOD | 24 | |
| Pips added to range | 5 | |
| Lots | 1 | Trade size in lots |
| Stop loss max | 50 | Stop loss distance |
| Break even | 30 | Move the stop to break-even |
| Take profit | 80 | Take profit distance |
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 · MT4 Expert Advisor · MQL4 Source Code