3CandleBreakout EA V1.0 MT5

Introduction

3CandleBreakout EA V1.0 MT5 is an automated breakout-style Expert Advisor designed to enter trades when price shows a clear breakout confirmation using a three-candle structure. It’s typically used to catch momentum after consolidation, aiming for quick directional moves while keeping execution fully rule-based on MetaTrader 5.

Key Features

• 3-candle breakout confirmation logic to reduce random entries
• Auto trade execution with optional risk-based lot sizing
• Built-in Stop Loss and Take Profit controls
• Spread / slippage protection to avoid bad fills during volatile moments
• Session/time filter (if enabled) to trade only during preferred hours
• Basic news/volatility avoidance option

Recommended Settings

• Pairs: Major pairs (EURUSD, GBPUSD, USDJPY) and also XAUUSD if spreads are stable
• Timeframes: M15 or M30 (safer), H1 for fewer but cleaner setups
• Risk / Lot:

• • Conservative: 0.5%–1% risk per trade

  • Normal: 1%–2% risk per trade

• Stop Loss: Use structure-based SL (recent swing) if the EA supports it; otherwise keep SL wide enough to avoid noise

• Take Profit:

  • TP = 1.2x to 2.0x SL (balanced)

  • Or partial close + trailing (if available)

• Max Spread: Keep a strict limit (especially for gold and volatile sessions)

Backtest Result (What to Expect)

I don’t have your exact setfile/backtest report, so here’s what a typical 3-candle breakout EA backtest usually shows:

• Best performance in trending periods with clean continuation moves
• Drawdown increases in ranging markets due to false breakouts
• Results vary heavily by: spread, broker execution, timeframe, and filters (session filter + spread filter usually improves stability)

If you share your MT5 backtest screenshot/report (or “.set” file values), I can write the brief using your exact numbers.

Advantages

• Simple, rule-based breakout logic (easy to optimize and control)
• Can capture strong momentum moves with limited screen time
• Works well when paired with spread + session filters
• Good for traders who prefer mechanical entries over discretion

Disadvantages

• Breakout systems often suffer in sideways markets (fakeouts)
• Highly sensitive to spread, slippage, and news spikes
• Over-optimization risk: settings may look great in backtest but fail live
• Needs proper risk management to survive losing streaks