Description

Breakout Retest Confirmation EA

Short Tagline: A breakout strategy that avoids false breaks by waiting for a retest.

Short Description:
Breakout Retest Confirmation EA is a fully automated breakout / continuation. Expert Advisor for MT4 and MT5. A breakout strategy that avoids false breaks by waiting for a retest. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A breakout strategy that avoids false breaks by waiting for a retest. Price must break a key level, then return to retest it as new support/resistance and hold, before the strategy enters in the breakout direction. This filters the many failed initial breaks.

Features

• Key level detection (swing highs/lows, range boundaries)
• ATR(14)
• Optional EMA50 for bias
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – Break: price closes beyond a key level with an expansion candle.

• Retest: price returns to the broken level.
• Long: at a broken resistance (now support), a bullish rejection confirms the hold. Enter on the rejection close.
• Short: mirror at a broken support (now resistance).

Exit logic: – Exit at the next key level/liquidity or on a close back through the retested level (failed breakout).

Stop-loss: SL just beyond the retested level on the wrong side, plus an ATR buffer.

Take-profit: TP1 at the measured move (range height projected), TP2 at the next major level for 3R.

Trailing stop: Trail behind new swing points after the retest holds.

Break-even: Break-even at 1R.

Why it works: Filters most false breakouts.; Better entry price than chasing the break..

Recommended Settings

• Timeframes: M15, H1, H4.
• Instruments: EURUSD, GBPUSD, XAUUSD, US30, NAS100, BTCUSD.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk 1% per trade. Only trade the retest, never the initial break. Max 3 open.

Supported Markets

Forex majors, indices, gold, crypto CFDs.

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: London and New York for follow-through.
• Spread filter: Reject if spread > 2.5 pips / symbol threshold.
• News filter: Pause entries 15 minutes around high-impact news.
• Volatility filter: Require the breakout candle to show expansion (range > 1.3 × average) to validate the break.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: M15, H1, H4. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.