ATR Candle Breakout EA
Catches unusually large momentum candles — breakouts measured against the ATR.
About this EA
The ATR Candle Breakout EA scans every closed candle on your chosen timeframe and compares its size to the Average True Range (ATR). When a candle is significantly larger than the recent average — and closes near its own extreme — the EA reads it as a genuine momentum breakout and trades in that direction.
On top of the core signal comes a full set of optional filters: a higher-timeframe trend filter, multi-timeframe ATR confirmation, a time-of-day window, and a support/resistance filter that keeps you from buying straight into resistance. Position size is calculated automatically from a fixed money risk. Download it and run your own backtests in the MT5 Strategy Tester.
Heads up
Momentum-breakout strategies can hit extended losing streaks in choppy, range-bound markets. Backtest thoroughly and size conservatively.
Tutorial video
Disclaimer: I do not recommend specific inputs. The defaults are not necessarily optimal. Different symbols need different inputs. Past performance is not indicative of future results. Never trade with money you cannot afford to lose.