Price Action Range Break Closed Pending MT4
- Experts
- Thawinchai Waharam
- Versão: 1.0
- Ativações: 5
🚪 Price Action Strategy: Range Break Closed Pending
myfxbook :
🔍 1. Break and Retest Candle Signal
This strategy identifies breakout candles that close beyond support/resistance levels. Once confirmed, pending orders are placed at the breakout range level, with EMA trend filtering:
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Buy Entry: Breaks above resistance + closes above range + above EMA → Place Buy Limit at highest range
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Sell Entry: Breaks below support + closes below range + below EMA → Place Sell Limit at lowest range
🧱 2. Signal Filters for Precision
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EMA Trend Filter: Confirm trend direction (Buy above EMA, Sell below EMA)
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ADX Filter: No trade if ADX < 10
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Spread Control: Avoid trades with high spread
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Price-to-EMA Distance Filter: Skip if too far from EMA
🚀 EA Key Features
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Timeframe Control: Supports M1 to H4 with customizable filters
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Risk Management Tools: Equity-based lot sizing & Max Drawdown limit
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Flexible SL/TP Settings: Support for custom Risk:Reward ratios
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Trailing Stop Logic: Secure profits as price trends
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Fully Automated 24/7: Ideal for passive income without screen time
🧭 Recommended Setup
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Platform: MetaTrader 4/5 (MT5 preferred)
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Timeframe: M30, 6 set files avilable for M1, M5, M15, M30, H1 and H4
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Currency Pair: XAUUSD (Gold vs USD)
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Minimum Capital: >= $500 (>$1,000 recommended)
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Broker: Reliable broker with tight spreads
✅ Strengths & ❗ Limitations
✅ Strengths:
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97% win rate
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Drawdown < 2% ($10k capital)
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$2,385 profit from $10,000 in a 1-year backtest
❗ Limitations:
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Lower TP vs SL may require consistent signal environment
⚙️ EA Parameter Overview
Core Strategy
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TimeFrame = 30 Minutes
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EMA_Period = 238
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PeriodBack = 258
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Pip_offset = 8
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Wating_Pending_Mins = 920
Signal Filters
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Spread = 40
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ADX_Period = 18
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ADX_Score = 16
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Distance_near_EMA = 4900
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Distance_far_EMA = 0
Risk Management
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Lot_Devided = 200,000
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SL = 2170 pips / TP = 1180 pips
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Trailing Stop = 170 pips / Step = 360 / Start = 240
Advanced Options
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On_Recovery = false
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Consecutive_losses = 2
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Recovery_Lot = 2.0
💡 Lot Size Calculation Examples
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Capital $10,000 → 10,000 / 200,000 = 0.05 Lots
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Capital $1,000 → 1,000 / 100,000 = 0.01 Lots
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Capital $100 → 100 / 200,000 = 0.01 Lots (rounded up)
📌 Breakout confirmation with range-level re-entry and high precision—built for stable, low-risk trading.