NYKX Morning Breakout: Free MT5 Expert Advisor

Overview

NYKX Morning Breakout calculates eight distinct price levels using percentage deviations from the session midpoint and high/low ranges. The system monitors for price crossovers at specific thresholds to trigger a single long or short entry per day. It manages risk using fixed lot sizes, a defined stop loss, and a take profit. The EA includes visual chart labels and automatically resets session data daily.

Calculates levels from opening candle

Single trade per day limit

Visual chart level labels

Automatic daily state reset

Details

Author

satishnaik4567 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout

Markets

Any symbol

Timeframes

M1-M5, 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

NYKX_L7L8_Morning5Min.mq5

Source

github.com/satishnaik4567/MT5-Algo_L7L8breakoutStrategy

Input parameters

Read from NYKX_L7L8_Morning5Min.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpLotSize`	`double`	`0.1`	Lot Size
`InpSLPips`	`double`	`70.0`	Stop Loss (Pips)
`InpTPPips`	`double`	`300.0`	Take Profit (Pips)
`InpMagicNumber`	`ulong`	`202504`	EA Magic Number
`InpShowLines`	`bool`	`true`	Draw All Level Lines
`InpShowLabels`	`bool`	`true`	Show Line Labels
`InpLineWidth`	`int`	`2`	Line Width (1-5)

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone satishnaik4567/MT5-Algo_L7L8breakoutStrategy 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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