Breakout FVG Bot: Free MT5 Expert Advisor

Overview

Breakout FVG Bot enters trades based on momentum and price range breaks, utilizing ATR-based calculations for dynamic stop loss and take profit levels. The system includes comprehensive risk management features such as daily loss limits, equity drawdown protection, and a news blackout filter. Trade management is handled via partial closes, breakeven triggers, and trailing stops. The repository includes multiple versions, including one variant with martingale lot scaling.

Fair Value Gap and breakout alignment logic

ATR-based dynamic volatility scaling

Daily loss and equity drawdown protection

Integrated news blackout window filter

Partial closing and trailing stop management

Details

Input parameters

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

Name	Type	Default
`LotSize`	`double`	`0.10`
`UseRiskPercent`	`bool`	`true`
`RiskPercent`	`double`	`0.2`
`ATRPeriod`	`int`	`14`
`ATRTimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M30`
`ATRMultiplierSL`	`double`	`3.0`
`ATRMultiplierTP`	`double`	`2.0`
`SLBufferPoints`	`double`	`5.0`
`RR`	`double`	`2.0`
`MinBarsInRange`	`int`	`8`
`MaxRangePct`	`double`	`0.15`
`MagicNumber`	`int`	`12345`

Show all 40 inputs

Name	Type	Default
`RequireBreakoutFVGAlign`	`bool`	`false`
`AllowMomentumEntry`	`bool`	`true`
`RetraceTolerancePct`	`double`	`0.20`
`MaxSpreadPoints`	`double`	`1500`
`MaxATRToTrade`	`double`	`999999`
`MaxConcurrentTradesPerSymbol`	`int`	`3`
`MinATRMultiplier`	`double`	`1.5`
`StopTradingAfterWin`	`bool`	`false`
`StopTradingAfterLoss`	`bool`	`true`
`EquityMaxDrawdownPercent`	`double`	`0.05`
`DailyMaxLossPercent`	`double`	`0.02`
`MinimumSlDistancePoints`	`double`	`50`
`BreakevenTriggerATRMult`	`double`	`0.5`
`TrailATRMult`	`double`	`0.5`
`EnableDebugPrints`	`bool`	`true`
`DebugPrintInterval`	`int`	`100`
`UseTrendFilter`	`bool`	`true`
`TrendMAPeriod`	`int`	`50`
`TrendMATimeframe`	`ENUM_TIMEFRAMES`	`PERIOD_M30`
`TrendSlopeMinPoints`	`double`	`100`
`EnableAdxMarketFilter`	`bool`	`true`
`AdxPeriod`	`int`	`14`
`AdxTrendingThreshold`	`double`	`22.0`
`UseNewsBlackout`	`bool`	`true`
`NewsBlackoutWindows`	`string`	`12:25-13:05;14:25-14:45`
`EnforceDirectionalCap`	`bool`	`true`
`MaxTradesPerDirection`	`int`	`2`
`UseDynamicAtrStops`	`bool`	`true`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Covenantmondei/Breakout_FVG_MQL_bot 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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Breakout FVG Bot

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