Candlestick Breakout Scalper Collect…: Free MT4 Expert Advisor

Overview

The lead tool monitors price action relative to previous candle highs and lows to identify breakout opportunities. It incorporates stochastic filters to confirm entries and supports specific trading windows, such as the London session. Risk management is handled through hard stop losses, take profit targets, and a trailing stop mechanism. The inclusion of a lot exponent parameter indicates the use of martingale-style lot scaling for position sizing.

Candlestick breakout detection

Stochastic momentum signal filtering

Configurable trading time windows

Trailing stop profit protection

Martingale lot scaling system

Details

Author

nekoprog on GitHub

Type

Collection

Platform

MetaTrader 4 (MQL4)

Strategy

Breakout, Scalping, Martingale, Indicator crossover

Markets

Forex

Timeframes

M1-M5, M15-H1

Risk profile

Uses martingale lot scaling: losses can grow fast

EA files

Source

github.com/nekoprog/MT4-EA

Input parameters

Read from CBS_v111.mq4. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`TradingSettings`	`string`	`==== Trade Settings ====`
`LotExponent`	`double`	`5`
`MinLot`	`double`	`0.01`
`MaxLot`	`double`	`99`
`PendingGap`	`double`	`10`
`TakeProfit`	`double`	`75`
`StopLoss`	`double`	`50`
`DeletePreviousMarker`	`bool`	`true`
`TradeAllCandle`	`bool`	`true`
`MinCandleVolume`	`int`	`100`
`TimeSettings`	`string`	`==== Time Settings ====`
`MarkerTF`	`ENUM_TIMEFRAMES`	`PERIOD_H1`

Show all 33 inputs

Name	Type	Default	Description
`EnableMarkerTime`	`bool`	`false`
`MarkerStartHour`	`int`	`0`
`MarkerStartMinute`	`int`	`0`
`MarkerEndHour`	`int`	`23`
`MarkerEndMinute`	`int`	`00`
`MarkHiLo`	`bool`	`false`
`MarkerShift`	`int`	`1`
`TradeTF`	`ENUM_TIMEFRAMES`	`PERIOD_M5`
`EnableTradeTime`	`bool`	`false`
`TradeStartHour`	`int`	`0`
`TradeStartMinute`	`int`	`0`
`TradeEndHour`	`int`	`23`
`TradeEndMinute`	`int`	`0`
`TrailSettings`	`string`	`=== Trail Profit ===`	Added by Capella
`UseTrailProfit`	`bool`	`TRUE`	Trail profit or not
`TrailStart`	`double`	`35`	Points in profit to start trailing StopLoss
`TrailGap`	`double`	`10`	Points distance between current price and new StopLoss
`TrailStep`	`double`	`10`	Points for a new SL increase before modifying trailing (to avoid unnecessary OrderModify)
`OtherSettings`	`string`	`==== Other Settings ====`
`OrderMagic`	`int`	`44342`	Changed to extern by Capella
`Copyright`	`string`	`==== \x00A9 2015 Neko Prog ====`

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone nekoprog/MT4-EA from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.

3Copy the filesCopy the .mq4 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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