by 
This MetaTrader 5 expert advisor implements an open range breakout strategy specifically designed for gold trading on the hourly timeframe. It identifies the high and low of the initial trading hour and establishes a definitive range after a user-defined consolidation period. Trades are triggered when price breaks thro
Trading robot · MT5
Automatic Breakout Strategy EA
This expert advisor for MetaTrader 5 implements an automated breakout strategy based on the high and low points of the previous candle.
GitHub stars1
Forks0
Last update4 months ago21 May 2026
LicenceNone stated
Overview
Automatic Breakout Strategy EA monitors the market for price breaches above the previous high to initiate long positions or below the previous low for short positions. The bot includes basic risk management controls, such as user-defined stop loss, take profit, and fixed lot sizing. It is designed to execute only one trade per candle and avoids overlapping positions. The documentation is minimal, as the project serves as an educational example for algorithmic trading development.
- Automated breakout entry logic
- Previous candle high-low tracking
- Configurable stop loss and take profit
- Single trade per candle restriction
Details
Author
Ayooluwa-trading-dev on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from BreakoutStrategyEA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
LotSize | double | 0.1 | |
StopLoss | int | 100 | |
TakeProfit | int | 200 | |
MagicNumber | int | 12345 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Ayooluwa-trading-dev/Automatic-Breakout-Strategy-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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