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Session-Timed EURUSD Breakout Expert Advisor

Article MQL5 code base
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Summary

The document outlines an expert advisor for EURUSD that trades around the European and American sessions. It identifies session start and end times as configurable inputs and describes a minimum European-session range, stop loss, take profit, and a lot-size setting. Monday trading can also be enabled or disabled. The stated chart interval for testing is M15, but no test results are included.

The description offers a basic framework for a session breakout system, but it does not specify the exact entry or exit rules, how the session range determines a breakout, or how trades are managed when sessions overlap. It provides no evidence about profitability, drawdowns, transaction costs, or robustness across dates and brokers. These omissions mean the strategy cannot be independently reproduced or evaluated from this text alone.

Key ideas

  • The expert advisor is designed to trade EURUSD during the European and American sessions.
  • Session start times and the American session end time are configurable.
  • The inputs include a minimum European-session range, stop loss, take profit, and position size.
  • Monday trading can be toggled, and the document names M15 as the testing interval.
  • No actual testing results or complete entry rules are provided.

Tags

ForexBreakoutRisk managementPosition sizingBacktesting

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.