Trading utilities for MetaTrader 4
Shopping cart
MetaTrader 4
Top Rated Products MT4
Overview
| ? Expert Advisor: Breakout_Recovery_V2 |
| ? Version: 2.3 |
| ? Symbol: XAUUSD |
| ? Timeframe: M15 (recommended) |
| ? Strategy Type: Breakout + Smart Recovery (Bi-directional Martingale) |
| ? Platform: MetaTrader 4 (MT4) |
| ? Description: |
| Breakout_Recovery_V2 is a smart trading system that detects real breakout opportunities and uses a controlled recovery mechanism (martingale) when the market moves against the initial entry. |
| ✅ Features: |
| *Real breakout entry logic using a custom supply/demand indicator |
| *Bi-directional recovery: both Buy and Sell recoveries based on grid and gap |
| *Supports up to **6 recovery orders** and lot multiplier |
| *Dynamic Take Profit based on position size |
| *Built-in time filter, max spread filter |
| *Visual panel with close button and profit display |
| *Uses 200 EMA (H1) to confirm breakout trend direction |
| *The EA allows users to customize the EMA period and timeframe for trend confirmation. Default is EMA200 on H1. |
| //== GENERAL SETTINGS == |
| Lot Size // Initial lot size for the first order |
| Multiplier // Lot multiplier for recovery orders (e.g., 2x each step) |
| Max Orders // Maximum number of orders allowed (including initial entry) |
| CloseProfit1 // Take profit target (USD) when there is only 1 order |
| CloseProfit2 // Take profit target (USD) when there are multiple orders |
| Slippage // Maximum slippage allowed when sending orders (in points) |
| Max Spread // Maximum spread allowed for trading (in points) |
| Magic Number // Unique identifier for EA's trades |
| //== TIME FILTER == |
| UseTimeFilter // Enable or disable trading time filter |
| TradeStartHour // Trading start hour (server time, 0 = midnight) |
| TradeEndHour // Trading end hour (server time, 24 = midnight of next day) |
| //== EMA FILTER == |
| EmaTimeframe // Timeframe for EMA filter |
| EmaPeriod // EMA period for trend filter MinDistanceFromEMA // Minimum allowed price distance from EMA (in points) before opening a trade MaxDistanceFromEMA // Maximum allowed price distance from EMA (in points) before opening a trade |
| //== RECOVERY GAPS == |
| Gap1 // Minimum price gap (in points) for 2nd Buy/Sell order (after 1st) |
| Gap2 // Gap for 3rd order |
| Gap3 // Gap for 4th order |
| Gap4 // Gap for 5th order |
| Gap5 // Gap for 6th order |
| ? Important: |
| This EA requires a free custom indicator called **"shved_supply_and_demand"** |
| Please download it here and place it in your **Indicators** folder: |
| ?https://www.mql5.com/en/code/14545 |
| ⚙️ Recommended Settings: |
| Account size: $500+ |
| Lot Size: 0.01 |
| Max Orders: 6 |
| Multiplier: 2.0 |
| Timeframe : M15 |
| ❗ Warning: |
| As with any martingale-based recovery system, always test on demo and adjust settings to your risk profile. Never use high lots with low capital. |
