Multi Break Out V5
Multi Break Out V5 — 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. This copy is version 5. It places pending orders, moves the stop behind price and can size trades from your risk. It has 24 settings, for example Lot Size (default 3), Broker Offset To GMT (default 0) and Number Of Orders Per Side (default 1). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. 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 · v5 · Free
About Multi Break Out V5
Multi Break Out V5 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 24 settings, such as Lot size, Broker offset to gmt and Number of orders per side. MQL source code included.
It also trades breakouts.
Files in the download: MultiBreakOut_v5.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 |
|---|---|---|
| Lot size | 3 | Trade size in lots |
| Broker offset to gmt | 0 | |
| Number of orders per side | 1 | NumberOfOrdersPerSide X TakeProfitIncrement = Highest TakeProfit Level |
| Take profit increment | 30 | Take profit distance |
| Enter now | false | |
| Trade1 | true | |
| Time1 hour | 6 | |
| Time1 minutes | 30 | |
| Trade2 | true | |
| Time2 hour | 9 | |
| Time2 minutes | 15 | |
| Trade3 | true | |
| Time3 hour | 12 | |
| Time3 minutes | 30 | |
| Trade4 | true | |
| Time4 hour | 23 | |
| Time4 minutes | 46 | |
| Exit minute | 55 | |
| Stop loss | 20 | Stop loss distance |
| Pips for entry | 8 | |
| Break even | 10 | Move the stop to break-even |
| Moving stop loss | true | Stop loss distance |
| Pips to start msl | 25 | |
| Bars for range | 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 · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code