Apex Breakout: Free MT5 Expert Advisor

Overview

The Donchian mode utilizes high/low channel breaks filtered by an Exponential Moving Average, while the session mode targets breakouts from defined UTC time ranges. It features a comprehensive risk management engine including ATR-based stop losses, trailing stops, and break-even logic. The included recovery module provides martingale-style lot scaling via multipliers or target-based sizing to recoup losses. It also implements a daily loss circuit breaker and an interactive dashboard.

Interactive on-chart dashboard

Dual Donchian and Session breakout modes

ATR-based risk and trailing stops

Martingale-style recovery lot scaling

Daily loss and spread filters

Details

Author

sbrakni on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Trend following, Breakout, Martingale

Markets

Forex, Gold, Indices

Timeframes

M15-H1, H4 and above

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

Source

github.com/sbrakni/MQL5-trading-bot-claude-experiment

Input parameters

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

Name	Type	Default	Description
`InpMode`	`ENUM_STRATEGY_MODE`	`MODE_DONCHIAN`	Strategy mode
`InpATRPeriod`	`int`	`14`	ATR period
`InpSLxATR`	`double`	`2.5`	Stop loss (ATR multiple)
`InpTPxATR`	`double`	`0.0`	Take profit (ATR multiple, 0 = off)
`InpTrailxATR`	`double`	`0.0`	Trailing stop (ATR multiple, 0 = off)
`InpBreakevenR`	`double`	`0.0`	Move SL to entry after +R (0 = off)
`InpBEOffsetPoints`	`int`	`0`	Break-even offset (points)
`InpMaxBarsInTrade`	`int`	`0`	Time exit after N bars (0 = off)
`InpEntryChannel`	`int`	`24`	Entry channel period (bars)
`InpExitChannel`	`int`	`12`	Exit channel period (bars)
`InpTrendEMAPeriod`	`int`	`200`	Trend EMA filter (0 = off)
`InpAllowReverse`	`bool`	`true`	Stop-and-reverse on opposite signal

Show all 40 inputs

Name	Type	Default	Description
`InpRangeStartUTC`	`int`	`0`	Range build start hour
`InpRangeEndUTC`	`int`	`7`	Range build end hour
`InpEntryCutoffUTC`	`int`	`12`	Last entry hour
`InpForceCloseUTC`	`int`	`19`	Force-close hour
`InpBufferATR`	`double`	`0.25`	Breakout buffer (ATR multiple)
`InpMinRangeATR`	`double`	`0.0`	Min range width (ATR multiple, 0 = off)
`InpMaxRangeATR`	`double`	`0.0`	Max range width (ATR multiple, 0 = off)
`InpAutoGMTOffset`	`bool`	`true`	Auto-detect broker GMT offset (live only)
`InpServerUTCOffset`	`int`	`2`	Manual broker GMT offset (hours, used in tester)
`InpTradeMon`	`bool`	`true`	Trade on Monday
`InpTradeTue`	`bool`	`true`	Trade on Tuesday
`InpTradeWed`	`bool`	`true`	Trade on Wednesday
`InpTradeThu`	`bool`	`true`	Trade on Thursday
`InpTradeFri`	`bool`	`true`	Trade on Friday
`InpRiskMode`	`ENUM_RISK_MODE`	`RISK_PERCENT`	Position sizing mode
`InpRiskPercent`	`double`	`1.0`	Risk per trade (% of equity)
`InpFixedLots`	`double`	`0.10`	Fixed lot size (if fixed mode)
`InpMaxSpreadPoints`	`double`	`0`	Max spread to trade (points, 0 = off)
`InpMaxDailyLossPct`	`double`	`0`	Max daily loss % - blocks new trades (0 = off)
`InpFlattenOnDailyLoss`	`bool`	`false`	Also close open position on daily loss
`InpAllowLong`	`bool`	`true`	Allow long trades
`InpAllowShort`	`bool`	`true`	Allow short trades
`InpRecoveryMode`	`ENUM_RECOVERY_MODE`	`RECOVERY_MULTIPLIER`	Recovery sizing mode
`InpMartMultiplier`	`double`	`1.5`	Risk multiplier per consecutive loss
`InpMartMaxSteps`	`int`	`3`	Max multiplier steps
`InpRecoveryTargetR`	`double`	`2.0`	Assumed win (R) for recovery targeting
`InpMaxRiskPerTrade`	`double`	`3.0`	HARD cap on effective risk per trade (%)
`InpReentryMax`	`int`	`0`	Same-day re-entries after SL loss (0 = off)

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone sbrakni/MQL5-trading-bot-claude-experiment 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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