False Breakout EA MT5

Download ready-to-use set files for False Breakout EA:

https://c.mql5.com/31/1514/False-Breakout-EA.zip

False Breakout EA is an Expert Advisor designed to detect and exploit false breakouts on key support and resistance levels.
The system uses daily candle analysis to identify re-entries after false breakouts, with an optional RSI confirmation filter to increase signal reliability.

Trading logic

• Automatic detection of false breakouts on support and resistance.

• Optional RSI confirmation to filter out weak signals.

• Multi-timeframe analysis to detect overall market trend.

Trade management

• Fully customizable Stop Loss and Take Profit.

• Automatic breakeven with adjustable distance.

• Option to close trades intraday or multiday.

• Dynamic lot size calculation based on risk percentage.

Time filters

• Hourly filters to trade only during specific sessions.

• Daily filters to enable or disable trading on selected weekdays.

• Monthly filters to control trading activity across the year.

Safety features

• Maximum number of orders and positions to avoid overexposure.

• Compatible with any currency pair and ECN brokers.

Advantages

• Fewer false signals thanks to RSI filter.

• Suitable for both intraday and multiday trading.

• Fully automated with intelligent risk management.

• Optimized for M15, H1 and D1 timeframes.

False Breakout EA is the perfect choice for traders looking for a robust and disciplined system capable of effectively taking advantage of market re-entries after false breakouts.

Keyword:
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