First Candle Breakout: Free MT5 Expert Advisor

Overview

While traditionally used with the first 60-minute candle, the software allows users to configure any timeframe for the initial range. The robot enters a buy position when the price breaks above the high and a sell position when it breaks below the low. Risk management tools include hard stop losses, take profits, trailing stops, and break-even settings. It further supports tiered partial closes and daily financial limits for account protection.

First candle high and low breakout

Triple-stage partial profit booking

Daily financial profit and loss limits

Configurable trailing stop and break-even

Customizable execution time windows

Details

Author

erlonfs on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout

Markets

Any symbol

Timeframes

M15-H1

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

first_candle.mq5

Topics

metatradermetatrader5roboticstrading-bottrading-strategiestrading-algorithmstradingfirst-candle

Source

github.com/erlonfs/first-candle.bad-robot

Input parameters

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

Name	Type	Default	Description
`Secao1`	`string`	`###############`	### Definições Básicas ###
`HoraInicio`	`string`	`00:00`	Hora de início de execução da estratégia
`HoraFim`	`string`	`00:00`	Hora de término de execução da estratégia
`HoraInicioIntervalo`	`string`	`00:00`	Hora de início intervalo de execução da estratégia
`HoraFimIntervalo`	`string`	`00:00`	Hora de término intervalo de execução da estratégia
`FecharPosition`	`ENUM_LOGIC`	`0`	Fechar posições ao término de horario de execução?
`Volume`	`double`	`0`	Volume
`TipoUltimoPreco`	`ENUM_LAST_PRICE_TYPE`	`0`	Tipo de referência do ultimo preço
`Spread`	`int`	`0`	Spread para entrada na operação em ticks
`Secao2`	`string`	`###############`	### Alvos ###
`StopGainEmTicks`	`int`	`0`	Stop Gain em ticks
`StopLossEmTicks`	`int`	`0`	Stop Loss em ticks

Show all 40 inputs

Name	Type	Default	Description
`Secao3`	`string`	`###############`	### Gerenciamento de Stop ###
`IsStopNoCandleAnterior`	`ENUM_LOGIC`	`0`	Stop na máxima/ mínima do candle anterior?
`SpreadStopNoCandleAnterior`	`int`	`0`	Spread utilizado no ajuste em ticks
`WaitBreakEvenExecuted`	`ENUM_LOGIC`	`0`	Aguardar execução do break even?
`IsPeridoPersonalizadoStopNoCandleAnterior`	`ENUM_LOGIC`	`0`	Utilizar período personalizado?
`PeridoStopNoCandleAnterior`	`ENUM_TIMEFRAMES`	`0`	Período personalizado
`Secao4`	`string`	`###############`	### Trailing Stop ###
`IsTrailingStop`	`ENUM_LOGIC`	`0`	Ativar Trailing Stop?
`TrailingStopInicio`	`int`	`0`	Valor de inicio em ticks
`TrailingStop`	`int`	`0`	Valor de Ajuste do Trailing Stop em ticks
`Secao5`	`string`	`###############`	### Break-Even ###
`IsBreakEven`	`ENUM_LOGIC`	`0`	Ativar Break-Even?
`BreakEven`	`int`	`0`	Valor do break-even, zero é o ponto inicial em ticks
`BreakEvenInicio`	`int`	`0`	Valor de inicio em ticks
`Secao6`	`string`	`###############`	### Financeiro ###
`IsGerenciamentoFinanceiro`	`ENUM_LOGIC`	`0`	Ativar Gerenciamento Financeiro?
`MaximoLucroDiario`	`double`	`0`	Lucro máximo no dia
`MaximoPrejuizoDiario`	`double`	`0`	Prejuízo máximo no dia
`Secao7`	`string`	`###############`	### Realização de Parcial ###
`IsParcial`	`ENUM_LOGIC`	`0`	Ativar saída parcial?
`PrimeiraParcialVolume`	`double`	`0`	Volume da 1ª saída parcial
`PrimeiraParcialInicio`	`int`	`0`	Valor de inicio da 1ª saída parcial em ticks
`SegundaParcialVolume`	`double`	`0`	Volume da 2ª saída parcial
`SegundaParcialInicio`	`int`	`0`	Valor de inicio da 2ª saída parcial em ticks
`TerceiraParcialVolume`	`double`	`0`	Volume da 3ª saída parcial
`TerceiraParcialInicio`	`int`	`0`	Valor de inicio da 3ª saída parcial em ticks
`Secao8`	`string`	`###############`	### Expert Control ###
`NumeroMagico`	`int`	`0`	O número mágico é utilizado para diferenciar ordens de outros robôs

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone erlonfs/first-candle.bad-robot 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, and any .mqh files into the Include folder the code expects.

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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