Skip to content
All library documents

Timed Breakout Entries with Resetting Price Levels

Article MQL5 code base

Summary

This document describes a breakout system that places buy and sell trigger levels at configurable distances from the current market price. A buy is opened when price crosses the upper level, while a sell is opened when it crosses the lower level. The levels remain active for a chosen period, then reset relative to the latest market price.

The approach aims to participate in large, rapid market moves by reacting to price crossing a threshold. The description provides no evidence from testing, details on exits, risk controls, market selection, or how to choose the distance and active period. Those settings would materially affect signals and performance, so the document presents a basic entry rule rather than a complete, validated trading strategy.

Key ideas

  • The system places buy and sell triggers at chosen distances from the market price.
  • Crossing the upper trigger generates a buy, and crossing the lower trigger generates a sell.
  • Triggers remain active for a selected time and then reset around the current market price.
  • The description gives no performance evidence or guidance on exits and risk controls.

Tags

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