Simple Yet Effective Breakout Strategy – EA MetaTrader 5

Simple Yet Effective Breakout Strategy - expert for MetaTrader 5
This breakout strategy is the base for our QAlpha StockTrend product:  You can freely modify/add your own filters to create your own unique version of this strategy. The basic premise of the strategy: Buy/Cover as soon as the price breaks above n bars high Short/sell as soon as the price breaks below n bars low Backtested on

Breakout Bars Trend EA – EA MetaTrader 5

Sell false signal
For the Expert Advisor work you need the BreakoutBarsTrend_v2 custom indicator (download in the MQL5/Indicators folder, and the given Expert Advisor is in the MQL5/Experts folder). The meaning is in the following: the position opens in the trend reversal. If the “Number of false signals” parameter is equal to zero, the position opens on each