EA Break Out
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called EA Break Out. As the name suggests, the idea behind it is breakouts from a range. It places pending orders and can size trades from your risk. It has 18 settings, for example BE Use GMT (default false), BE Magic (default 8888) and BE Gap (default 20). 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 EA Break Out
EA Break Out is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders and can size trades from your balance and risk percent. It has 18 settings, such as Be use gmt, Be magic and Be gap. MQL source code included.
Files in the download: EABreakOut.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 |
|---|---|---|
| Be use gmt | false | |
| Be magic | 8888 | Magic number that tells this EA's orders apart |
| Be gap | 20 | point digit=3 or 5 |
| Be lots | 0.1 | |
| Be use show | SHOW_COMMENT | |
| Be period1 | 8 | Number of bars in the calculation |
| Be earn per1 | 0.15 | |
| Be time1 | 9 | |
| Be use time2 | true | |
| Be period2 | 5 | Number of bars in the calculation |
| Be earn per2 | 0.3 | |
| Be time2 | 15 | |
| Be use time3 | true | |
| Be period3 | 3 | Number of bars in the calculation |
| Be earn per3 | 0.6 | |
| Be time3 | 20 | |
| Be to close open order | false | |
| Be to close pending order time | 2 |
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 · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code