Description

Inside Bar Breakout EA

Short Tagline: A price action strategy that trades breakouts of inside bars — candles whose range is c…

Short Description:
Inside Bar Breakout EA is a fully automated breakout / continuation. Expert Advisor for MT4 and MT5. A price action strategy that trades breakouts of inside bars — candles whose range is contained within the prior “mother bar. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A price action strategy that trades breakouts of inside bars — candles whose range is contained within the prior “mother bar.” Inside bars represent consolidation/coiling; the breakout signals the release, entered in the breakout direction with trend alignment.

Features

• Inside bar detection (mother bar / inside bar)
• EMA50 (trend bias)
• ATR(14)
• 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: – Identify an inside bar (high mother low).

• Long: place a buy stop above the mother bar high (or inside bar high) when EMA50 trend is up.
• Short: sell stop below the mother bar low when trend is down. Use OCO if trading both sides.

Exit logic: – Exit at the measured move (mother bar range projected) or on trailing stop; cancel the opposite pending on fill.

Stop-loss: SL on the opposite side of the mother bar or the inside bar, depending on aggressiveness.

Take-profit: TP1 at 1× mother-bar range, TP2 at 2× for the runner.

Trailing stop: Trail behind subsequent bar extremes after 1× range achieved.

Break-even: Break-even after price clears 0.5× the mother-bar range.

Why it works: Simple, well-defined, mechanical pattern.; Natural low-risk entries (tight stops)..

Recommended Settings

• Timeframes: H1, H4, D1.
• Instruments: EURUSD, GBPUSD, USDJPY, XAUUSD, US30.
• 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 setup. Only one side fills (OCO). Max 3 open trades.

Supported Markets

Forex majors and crosses, gold, indices.

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 intraday; D1 session-agnostic.
• Spread filter: Reject if spread > 2.5 pips / symbol threshold.
• News filter: Cancel pendings around high-impact news; re-arm after.
• Volatility filter: Prefer inside bars that form after a strong move (continuation) or at key levels; require the mother bar to be a decent-sized range.

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: H1, H4, D1. 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.