Adaptive Breakout Basket: Free MT5 Expert Advisor

Overview

Adaptive Breakout Basket automatically opens buy positions when the price breaks recent M1 highs, and sell positions when it breaks recent M1 lows, provided a minimum entry distance is maintained. The expert advisor manages these multiple positions collectively as a basket, employing a trailing stop based on total basket profits that dynamically adjusts according to the net direction bias. Risk controls include optional basket stop-loss amounts, maximum position counts, and maximum holding times, though these protective parameters are disabled by default.

M1 breakout price entry logic

Basket profit trailing stop

Net-position adaptive trailing

Close By functionality for hedge offset

Details

Author

hutamisiina on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, Hedging

Markets

Gold, Forex

Timeframes

M1-M5

Risk Profile

Holds opposite positions at once
Trades without a fixed stop loss

EA Files

Experts/AdaptiveHedgeBasket_v1.03.mq5

Topics

algorithmic-tradingexpert-advisormql5mt5

Source

github.com/hutamisiina/MQL_EA

Input Parameters

Read from AdaptiveHedgeBasket_v1.03.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`InpMagic`	`long`	`36291761`
`InpLots`	`double`	`0.01`
`InpBreakoutLookbackBars`	`int`	`3`
`InpBreakoutBufferPrice`	`double`	`0.0`
`InpMinEntryDistancePrice`	`double`	`0.80`
`InpUseBasketTrailing`	`bool`	`true`
`InpTrailStartProfit`	`double`	`1.0`
`InpTrailFixedDistance`	`double`	`0.3`
`InpTrailPercent`	`double`	`20.0`
`InpUseNetPositionTrail`	`bool`	`true`
`InpNetTrailStrength`	`double`	`0.70`
`InpMinTrailMultiplier`	`double`	`0.40`

Show all 25 inputs

Name	Type	Default	Description
`InpBasketProfitMoney`	`double`	`1.0`
`InpBasketLossMoney`	`double`	`0.0`
`InpUseHoldingTimeStop`	`bool`	`false`
`InpMaxHoldingMinutes`	`int`	`17`
`InpUsePositionCountStop`	`bool`	`false`
`InpPositionCountStop`	`int`	`100`
`InpMaxPositions`	`int`	`9999999`
`InpUseWeekendEntryGuard`	`bool`	`false`
`InpWarnIfChartNotM1`	`bool`	`true`
`InpPrintDebug`	`bool`	`true`
`InpCloseRetrySeconds`	`int`	`2`	retry interval while basket is closing
`InpCloseMaxAttempts`	`int`	`0`	0 = unlimited
`InpUseCloseByForHedge`	`bool`	`true`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone hutamisiina/MQL_EA from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.

3Copy the filesCopy the .mq5 file into Experts.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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