Description

Momentum Breakout ATR Channel EA

Short Tagline: A pure momentum-breakout strategy that enters when price closes beyond an ATR-based cha…

Short Description:
Momentum Breakout ATR Channel EA is a fully automated momentum / breakout. Expert Advisor for MT4 and MT5. A pure momentum-breakout strategy that enters when price closes beyond an ATR-based channel around a moving average, signaling a volatility-backed thrust. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A pure momentum-breakout strategy that enters when price closes beyond an ATR-based channel around a moving average, signaling a volatility-backed thrust. It rides the momentum with an ATR trailing stop and volatility-scaled targets.

Features

• EMA20 (channel basis)
• ATR(14) channel (basis ± k × ATR)
• ADX(14) to confirm momentum
• 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: – Long: price closes above the upper ATR channel (EMA20 + k·ATR) with ADX > 22 and rising. Enter on the close.

• Short: price closes below the lower ATR channel with ADX > 22.

Exit logic: – Exit on close back inside the channel against the position or on ADX falling below 18 (momentum fade).

Stop-loss: SL at the channel basis (EMA20) or 2 × ATR from entry, whichever is closer.

Take-profit: TP at a multiple of the channel width (e.g., 2× the breakout distance); scale 50% at 1.5R.

Trailing stop: Chandelier-style ATR trailing stop (highest high − k·ATR) updated each bar.

Break-even: Break-even at 1R.

Why it works: Volatility-adaptive entries and stops.; Rides strong momentum thrusts..

Recommended Settings

• Timeframes: M30, H1, H4.
• Instruments: EURUSD, GBPJPY, XAUUSD, NAS100, US30, 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. Max 3 open. Avoid entries when ADX is flat/declining.

Supported Markets

Forex, 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 intraday.
• Spread filter: Reject if spread > 2.5 pips / symbol threshold.
• News filter: Pause entries 15 minutes around high-impact news.
• Volatility filter: The ATR channel is inherently volatility-adaptive; require ATR above its 50-period average.

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: M30, 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.