Panca Eagle Breakout Solver

Panca Eagle Breakout Solver is an MT4 expert advisor that turns a time-based price range into trades. It records the high and low of a window you define, then waits for the market to leave that range and acts according to one of four entry methods.

How it works

Between the begin and end times of the channel period, the expert tracks the highest and lowest prices. Once the channel period ends, the trading period starts and runs until the box end time. At box end, every open order is closed whatever its result, so nothing is carried overnight by the box logic itself.

The four entry methods

• Breakout: a buy stop and a sell stop are placed a set distance, in points, outside the channel. After a level is hit, the position can be moved to breakeven or managed with a trailing stop.
• Market execution: virtual levels sit outside the channel. When price crosses one, a market order is opened. You can add an EMA alignment check or an RSI threshold as an extra condition.
• Retest: when price crosses a virtual level, a pending stop order is placed at a chosen distance from the current price. An optional slipping mode moves that order along with price.
• Final Destination: a buy stop and a sell stop of equal size are placed outside the channel. When one triggers, the other is replaced by an order with a larger lot size set by a multiplier. This raises exposure and needs particular care.

Markets and timeframes

The channel is designed around the Asian session on forex pairs, although the range can be widened to take in part of the European session. Because the logic depends on clock times rather than candle patterns, confirm how your broker's server time lines up with the sessions you want. The chart timeframe is not the main driver, so test a few and pick one that lets you see the box clearly.

Settings

The main inputs are listed below. Exact defaults can differ, so review them in the input window before you start.

Risk

Breakout systems can suffer false breaks, wide spreads around session changes and slippage on pending orders. Multiplying lots after a fill, as in Final Destination, can enlarge losses quickly. Set a stop loss and a maximum lot, and avoid sizing positions beyond what your account can absorb.

Installation

1. In MetaTrader 4, choose File, then Open Data Folder.
2. Copy the expert file into the MQL4/Experts folder.
3. Restart the terminal or refresh the Navigator panel.
4. Drag the expert onto a chart of your chosen symbol.
5. Enable automated trading, review the inputs and confirm the session times against server time.