Available soon
Loading product…
An MT4 expert advisor that opens a trade when price breaks the high or low of the previous candle. It offers time, weekday, candle size and moving average filters, plus ATR-based or fixed stops.
Get one message the moment it launches, with its price.
Candle Breakout is an MT4 expert advisor built around one simple idea: when price moves beyond the high or low of the previous candle, it may signal the start of a directional move. The EA watches for that break and then opens the type of order you have chosen.
On each chart the EA looks at the most recently closed candle and marks its high and low. When price trades above the high or below the low, the EA can open a buy or a sell. You decide which order direction is placed for an upside break and which for a downside break, so the same tool can be used for trend-following breakouts or for fading them.
You can also add a buffer of extra pips to the high and low, so that a tiny poke through the level does not count. A confirmed-breakout option makes the EA wait until a candle has actually closed beyond the extreme before it enters, which reduces entries on brief spikes but means a later entry.
Stop loss and take profit can be set as a fixed size or calculated from ATR. In ATR mode you set the ATR period and a multiplier, so the distances adjust to current volatility. The EA can also close a position when an opposite order is opened or when price breaks the opposite extreme of the reference candle. Notifications can be sent when an order opens or when an error occurs.
Three lot sizing methods are available: a fixed lot, a lot that scales with balance in steps you define, and a percentage of risk per trade. With percentage risk the stop distance matters, so check both settings together before going live.
The EA works on the chart it is attached to, so the timeframe sets the size of the breakout range. Daily charts and the opening candle of a week or session are typical uses, but other timeframes are possible. Behaviour differs between symbols and brokers, so check spreads, stop levels and minimum lot sizes with your own broker.
| Group | What it controls |
|---|---|
| Main | Order comment, magic number and maximum allowed slippage |
| Money management | Lot method, lot size or risk percent, balance step |
| Date and time | Trading period and allowed weekdays |
| Entry conditions | MA filter, order type on break, candle size limits, extra pips, confirmed breakout |
| Order management | Fixed or ATR stops, ATR period and multiplier |
| Miscellaneous | Notifications for opened orders and errors |
Default values and exact input names are shown in the EA's Inputs tab. Check them there rather than assuming, and adjust them to your symbol and timeframe.
Trading carries risk, and you can lose some or all of your deposit. Past results, including backtests, do not predict future ones. Breakout systems can suffer from false breaks, slippage and wide spreads. Test on a demo account first and size positions conservatively.
For continuous operation the terminal must stay open, so many users run it on a VPS.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Trend, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Strategy | Breakout of the previous candle's high or low, with optional trend filter |
| Markets | Any symbol available on your MT4 broker; check behaviour per symbol in testing |
| Timeframes | Any chart timeframe; daily charts and session-opening candles are common uses |
| Position sizing | Fixed lot, lot per balance step, or percentage risk per trade |
| Order management | ATR or fixed stops, opposite-signal and opposite-extreme exits |
| Requirements | Automated trading enabled and the terminal running continuously, such as on a VPS |
No reviews yet. Customers who own Candle Breakout Expert Advisor can review it here.
No. This listing is the MetaTrader 4 version and runs only on MT4. If you use MT5, you need a product built for that platform.
In MT4 choose File, then Open Data Folder, and copy the expert file into MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and make sure Algo Trading is switched on and live trading is allowed in the EA properties.
The EA reads the previous candle on whatever chart it is attached to, so the timeframe you choose defines the breakout range. The description does not fix a single best symbol or timeframe, so test your own choices in the Strategy Tester and on a demo account first.
Yes. There is a trading period filter with start and end times, and a weekday filter where you enter day numbers separated by commas. For example, entering 1 limits trading to Mondays. Check the input descriptions in the EA to confirm the time zone it uses.
You pick a money management type: a fixed lot, a lot that scales with account balance in steps you define, or a percentage of the account risked per trade. The percentage method depends on the stop loss distance, so review those settings together.
No. Trading carries risk, you can lose money, and past results do not predict future ones. Test thoroughly and use position sizes you can afford.
Candle Breakout Expert Advisor
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own Candle Breakout Expert Advisor? Sign in to review it.