Description
<h2>Introduction</h2>
<p><strong>3CandleBreakout EA V1.0 MT5</strong> is an automated breakout-style Expert Advisor designed to enter trades when price shows a clear breakout confirmation using a <strong>three-candle structure</strong>. It’s typically used to catch momentum after consolidation, aiming for quick directional moves while keeping execution fully rule-based on MetaTrader 5.</p>
<h2>Key Features</h2>
<ul>
<li><strong>3-candle breakout confirmation logic</strong> to reduce random entries</li>
<li><strong>Auto trade execution</strong> with optional risk-based lot sizing</li>
<li><strong>Built-in Stop Loss and Take Profit</strong> controls</li>
<li><strong>Spread / slippage protection</strong> to avoid bad fills during volatile moments</li>
<li><strong>Session/time filter</strong> (if enabled) to trade only during preferred hours</li>
<li><strong>Basic news/volatility avoidance option</strong></li>
</ul>
<h2>Recommended Settings</h2>
<ul>
<li><strong>Pairs:</strong> Major pairs (EURUSD, GBPUSD, USDJPY) and also XAUUSD if spreads are stable</li>
<li><strong>Timeframes:</strong> M15 or M30 (safer), H1 for fewer but cleaner setups</li>
<li><strong>Risk / Lot:</strong></li>
<li>
<ul>
<li>
<p>Conservative: 0.5%–1% risk per trade</p>
</li>
<li>
<p>Normal: 1%–2% risk per trade</p>
</li>
</ul>
</li>
<li>
<p><strong>Stop Loss:</strong> Use structure-based SL (recent swing) if the EA supports it; otherwise keep SL wide enough to avoid noise</p>
</li>
<li>
<p><strong>Take Profit:</strong></p>
<ul>
<li>
<p>TP = 1.2x to 2.0x SL (balanced)</p>
</li>
<li>
<p>Or partial close + trailing (if available)</p>
</li>
</ul>
</li>
<li>
<p><strong>Max Spread:</strong> Keep a strict limit (especially for gold and volatile sessions)</p>
</li>
</ul>
<h2>Backtest Result (What to Expect)</h2>
<p>I don’t have your exact setfile/backtest report, so here’s what a typical <strong>3-candle breakout EA</strong> backtest usually shows:</p>
<ul>
<li><strong>Best performance in trending periods</strong> with clean continuation moves</li>
<li><strong>Drawdown increases in ranging markets</strong> due to false breakouts</li>
<li>Results vary heavily by: <strong>spread, broker execution, timeframe, and filters</strong> (session filter + spread filter usually improves stability)</li>
</ul>
<p>If you share your MT5 backtest screenshot/report (or “.set” file values), I can write the brief using your exact numbers.</p>
<h2>Advantages</h2>
<ul>
<li>Simple, rule-based breakout logic (easy to optimize and control)</li>
<li>Can capture strong momentum moves with limited screen time</li>
<li>Works well when paired with spread + session filters</li>
<li>Good for traders who prefer mechanical entries over discretion</li>
</ul>
<h2>Disadvantages</h2>
<ul>
<li>Breakout systems often suffer in sideways markets (fakeouts)</li>
<li>Highly sensitive to <strong>spread, slippage, and news spikes</strong></li>
<li>Over-optimization risk: settings may look great in backtest but fail live</li>
<li>Needs proper risk management to survive losing streaks</li>
</ul>
to write a review