PipFinite Breakout EA: Free MT4 Expert Advisor

Overview

PipFinite Breakout EA integrates the PipFinite Breakout Analyzer and Strength Meter to execute long and short positions when specific threshold levels and entry percentages are met. The EA manages risk through user-defined stop loss and take profit levels, along with an optional trailing stop. Money management settings allow for fixed lot sizes or risk-based calculations linked to account balance or equity. It includes a time filter for specific trading sessions and an option to halt activity on Fridays.

PipFinite indicator signal integration

ATR-based entry and offset filters

Configurable trailing stop and step

Balance or equity-based risk calculation

Trading time window and Friday close filter

Details

Author

martycode49 on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4)

Strategy

Breakout, Trend following

Markets

Forex

Timeframes

M15-H1, H4 and above

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

PipFinite_trend_EA.mq4

Topics

forex-tradingexpert-advisors

Source

github.com/martycode49/PipFiniteEA

Input parameters

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

Name	Type	Default	Description
`NameEA`	`string`	`PipFinite Breakout EA`	EA Comment
`Indicators_Parameters_`	`string`	`______________________________________________________`	Indicators Settings _______________________________________________
`_`	`string`	`<<<<<<<<<<<<<<<<<<<<<->>>>>>>>>>>>>>>>>>>>>`	PipFinite Breakout Analyzer
`Periods`	`int`	`4`	Period
`___________`	`string`	`<<<<<<<<<<<<<<<<<<<<<->>>>>>>>>>>>>>>>>>>>>`	PipFinite Strength Meter
`SMPeriod`	`int`	`7`	Period
`ThresholdLevel`	`int`	`2`	Threshold Level
`______`	`string`	`<<<<<<<<<<<<<<<<<<<<<->>>>>>>>>>>>>>>>>>>>>`	PipFinite Exit Scope
`bb`	`int`	`1`	Volume Factor
`________`	`string`	`<<<<<<<<<<<<<<<<<<<<<->>>>>>>>>>>>>>>>>>>>>`	Indicator ATR
`ATRPeriod`	`int`	`14`	ATR Period
`ATRMulti`	`double`	`1.25`	ATR Multiplier

Show all 34 inputs

Name	Type	Default	Description
`ATROffset`	`double`	`0`	ATR Offset
`Trade_Parameters_`	`string`	`______________________________________________________`	Trade Parameters _______________________________________________
`StopLoss`	`double`	`0`	Stop Loss
`TakeProfit`	`double`	`100`	Take Profit
`ExitOpposite`	`bool`	`false`	Exit by Opposite Signal
`ExitScope`	`bool`	`false`	Exit by PipFinite Exit Scope
`MaxOpenOrders`	`int`	`1`	Max. Open Orders
`MinEntryPercent`	`double`	`75.0`	Minimum percent for Entry trade
`Trailing_`	`string`	`--------------------< Trailing Stop >--------------------`	Trailing Stop Settings .................................................................................................
`UseTrailing_Stop`	`bool`	`false`	Use Trailing Stop
`TrailingStopStart`	`double`	`10`	Trailing Stop Start
`TrailingStopStep`	`double`	`10`	Trailing Stop Step
`MM_Settings`	`string`	`--------------------< Money Management >--------------------`	Money Management Settings ..............................................................................................
`FixedLots`	`double`	`0.01`	Fixed Lot
`RiskLots`	`bool`	`false`	Use Risk % Lot
`Risk_Type`	`RiskCalc`	`1`	Risk Calculate Type
`RiskPercent`	`double`	`1`	Risk %
`Time_Filter`	`string`	`--------------------< Trade Time >--------------------`	Trade Time Settings ....................................................................................................
`Use_Time_Filter`	`bool`	`false`	Use Time Filter
`Time_Start`	`string`	`06:00`	Time Start
`Time_End`	`string`	`21:59`	Time End
`StoponFriday`	`bool`	`false`	Stop/Close on Friday

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone martycode49/PipFiniteEA 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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