Daily Breakout EURUSD
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Daily Breakout EURUSD. Its name points to breakouts from a range. It places pending orders, moves the stop behind price and can size trades from your risk. It has 16 settings, for example Magic Number (default 324980), Take Profit (default 200) and Use Break Even (default false). Watch it on a demo account for a while — robots can behave differently with each broker. 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 Daily Breakout EURUSD
Daily Breakout EURUSD 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 can size trades from your balance and risk percent. It has 16 settings, such as Magic number, Take profit and Use break even. MQL source code included.
Files in the download: 1. Daily Breakout EURUSD\Simple_Daily_Breakout_ea_v222.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 |
|---|---|---|
| Magic number | 324980 | Magic number that tells this EA's orders apart |
| Take profit | 200 | Take profit distance |
| Use break even | false | Move the stop to break-even |
| Break even price | 25 | Move the stop to break-even |
| Trailing stoplosses | Stop loss distance | |
| Use sar trailing stop | false | Trailing stop distance or switch |
| Use sandwich trailing stop | true | Trailing stop distance or switch |
| Use 4 hr trailing stop | false | Trailing stop distance or switch |
| Use std trailing stop | false | Trailing stop distance or switch |
| Trailing stop | 30 | Trailing stop distance or switch |
| Candles between trades | 1 | |
| Lots | 0.01 | Trade size in lots |
| To use risk leave lots at 0 | Risk per trade (percent of balance) | |
| Risk percent | 1 | Risk per trade (percent of balance) |
| Max spread | 3 | Maximum spread allowed to trade |
| Max lots | 100000 |
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 · EURUSD · Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code