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
Breakout Trading Script
This MetaTrader 5 expert advisor implements an automated breakout strategy based on the high and low prices of the previous candle.
GitHub stars4
Forks1
Last update8 months ago4 Jan 2026
LicenceNone stated
Overview
Breakout Trading Script monitors price action on the active chart and enters long positions when the bid price exceeds the previous high, or short positions when it falls below the previous low. Risk management is handled through dynamic stop loss adjustments, where the stop loss level is continuously moved to the most recent high or low price. The bot uses a fixed lot size for all trades and does not include a take profit by default.
- Automated breakout entry logic
- Dynamic stop loss modification
- Previous candle high/low detection
- Fixed lot size configuration
Details
Author
von-001 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout
Markets
Crypto
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
Topics
cryptocurrencytradingtrading-algorithmstrading-bottrading-strategies
Input parameters
Read from von_001.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lots | double | 1.1 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone von-001/Breakout-Trading-Script-for-MetaTrader-5 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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