Daily Breakout EA (myPickyBreakout)
8-bar extreme breakout strategy · Tue/Wed/Thu only · Free · MT4
About Daily Breakout EA (myPickyBreakout)
The myPickyBreakout Expert Advisor, documented at earnforex.com, is a MetaTrader 4 EA built on a simple, transparent daily breakout strategy. It enters a long position when the previous bar's high is above the previous 8 highs, and a short position when the previous bar's low is below the previous 8 lows — a straightforward "new local extreme" breakout filter.
Notably, it's deliberately selective about timing: signals are only generated on Tuesdays, Wednesdays, and Thursdays, avoiding the often erratic price action around the weekly open (Monday) and close (Friday).
- Platform: MetaTrader 4
- Strategy: Daily breakout — previous bar's high/low vs. prior 8-bar extreme
- Trading days: Tuesday, Wednesday, Thursday only
- Price: Free
- Source: earnforex.com · myPickyBreakout MetaTrader 4 Expert Advisor
Key Features
✓ Free and transparent — the entire entry rule is a simple, auditable extreme-breakout check
✓ Deliberately avoids Monday/Friday sessions, reducing exposure to erratic weekly-open/close volatility
⚠ Simplicity is also a limitation — no built-in trend or volatility filter, so false breakouts in choppy conditions are possible