What Is The 3 Candle Breakout EA MT4 ?

The 3 Candle Breakout EA MT4 is a smart Expert Advisor engineered for MetaTrader 4 that takes advantage of breakout price action trading. It monitors closed candles and executes a trade when the current price breaks out above the high or below the low of a prior candle. This EA aims to automate a simple, yet time-tested breakout strategy that many professional traders use manually.

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3 Candle Breakout EA MT4 Review

The breakout EA concept is widely respected among price action traders because it focuses on market momentum and clean breakout execution. Simple logic often performs better than overly complex indicator-heavy systems – especially in trending markets. However, performance will vary by pair, spread environment, and time-based filters users choose.

📌 3 Candle Breakout EA MT4 MYFXBook Verified Review | Check Live

• Gain: +19.62%

• Drawdown: 3.14%

• Profit: $196.20

• Deposit: $1,000

Key Features & Settings

📈 Breakout Trading Logic

• Automatically opens a buy trade when price breaks above previous candle high

• Opens a sell trade when price breaks below previous candle low

• Optional reversed buy/sell logic for strategy variations

⚙️ Powerful Filter & Control Settings
🔹 Fixed Lot: Set a fixed trade size
🔹 Min/Max Candle Size: Avoid small or huge candle signals
🔹 Max Open Trades: Limit the number of active trades
🔹 Spread Filter: Avoid trading when spreads are too high
🔹 Time Filters: Control trading hours and days

🛡️ Risk & Money Management Tools

• Stop Loss (pips)

• Take Profit (pips)

• Break Even Logic: Automatically set break even after a profit threshold

• Trailing Stop: Trail through pip distances to lock profits

🧠 User-Friendly EA Controls
The interface on MT4 makes it simple to load the EA, tweak settings, and start testing without coding skills. Most parameters can be adjusted with sliders and checkboxes.

Pros And Cons

📌 Pros

✔ Simple, logical breakout rules
✔ Flexible money management settings
✔ Time filter to control unwanted trading
✔ Works on multiple instruments

📌 Cons

✘ Requires careful filter settings to avoid false breakouts
✘ Best used with demo testing before live accounts
✘ Not a magic “set-and-forget” EA; requires optimization

Frequently Asked Questions (FAQs)

1. How does the 3 Candle Breakout EA MT4 work?
This EA places buy orders when price breaks above a previous candle’s high and sell orders when it breaks below a previous candle’s low. It uses simple price action logic to automate breakout trading.

2. Can I use this EA on any timeframe?
Yes – this EA works on any MT4 timeframe, but users often find better results on M15–H1 charts depending on market volatility.

3. Does this EA use Martingale or grid strategies?
No – this breakout EA uses basic breakout logic with stop-loss and take-profit. It does not inherently use martingale or grid recovery strategies.

4. Can I filter trades by candle size?
Yes – you can set minimum and maximum candle sizes so that the EA ignores very small or very large setups.

5. Is a demo version available?
Many vendors offer a demo so you can test this EA in the MT4 strategy tester before using real capital.

Final Notes

The 3 Candle Breakout EA MT4 is a straightforward, powerful price-action-based EA ideal for traders who prefer logical breakout waiting over indicator clutter. With proper filters and risk management, this EA can automate breakout trades with programmable control and flexibility.

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