Breakout Lookback Bars EA MT4 (Latest version) | Unbounded

What is Breakout Lookback Bars EA MT4?

Breakout Lookback Bars EA is a specialized automated trading system that identifies price breakouts using historical high and low levels over a defined period. It uses a FloatingPips mechanism for precise trade placement, combining systematic entries with disciplined risk management.

Vendor website 

About the Developer

• Author: Yeoh Kia Gee, 
• Experience: Over +5 years of experience on MQL5.
• Notable Products: Breakout Lookback Bars EA, Smart Pivot Point EA, Smart Fibonacci EA MT4, Grid for Gold EA MT4, Gold Mastery EA,  Parabolic SAR Pro, XAU PatternGrid Pro EA, Triple MA Crossover EA, Donchian Channel Pro EA, Smart Martingale EA, and other advisors.
• Flagship Product:  is rated as the best performing product of the year.

>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

Breakout Lookback Bars EA MT4 Overview

Main Features of Breakout Lookback Bars EA MT4

• Lookback Bar Analysis: Identifies breakout levels using historical high and low prices.
• FloatingPips Mechanism: Optimizes entry points for safer and more profitable trades.
• Systematic Trade Placement: Ensures consistent execution based on defined rules.
• MaxTrades Limit: Caps open trades to prevent overexposure.
• Multi-Timeframe Optimization: Works best on H1, H4, and M30 charts.
• Support & Resistance Breakouts: Buys above resistance and sells below support levels.
• Highly Liquid Pairs: Optimized for EURUSD, GBPUSD, USDJPY, and similar majors.

Additional Features

• Intraday & Swing Trading Ready: Suitable for H1 and H4 breakout strategies.
• Risk-Controlled Lot Sizing: Adjusts position size to protect account balance.
• False Breakout Prevention: Higher timeframes filter market noise and improve accuracy.
• FloatingPips Additional Trades: Opens extra trades based on configured pip distance.
• Structured Entry Logic: Trades continue only until MaxTrades is reached.
• Professional-Grade Automation: Maintains discipline and reduces emotional trading errors.
• Consistent Risk Management: Combines lot sizing, max trades, and entry filters for safer trading.

Why Choose Breakout Lookback Bars EA MT4?

• Reliable Breakout Detection: Trades only when price decisively moves beyond key levels.
• Optimized for Multiple Timeframes: Works for intraday and swing trading strategies.
• Automatic Trade Placement: Reduces the need for manual monitoring.
• Noise Reduction: Avoids M1/M5 charts to prevent false breakouts.
• Safe Position Management: Uses lot sizing and MaxTrades limits to control risk.
• Flexible Market Compatibility: Ideal for major currency pairs with high liquidity.
• Disciplined Trading Logic: Follows clear, repeatable rules to maintain long-term performance.

Breakout Lookback Bars EA MT4 Backtest Results

🔺GBPUSD – 3 Months

• Initial Deposit: $1.000
• Total Net Profit: $1.814,34
• Win Rate (% of total): 78,05%
• Maximum Drawdown: 25,95%

Breakout Lookback Bars EA MT4 backtets

What’s Included in the Download Package?

• Experts: Breakout Lookback Bars_fix.ex4

>>> Join VIP Membership Now <<<

Conclusion

In summary, Breakout Lookback Bars EA MT4 is a professional and reliable automated trading system designed for traders seeking disciplined breakout entry points with a high probability of success. By analyzing past highs and lows with the Lookback Bar Analysis tool and combining it with the FloatingPips mechanism, the EA optimizes entry points while minimizing risk. Features such as MaxTrades limits, risk-controlled lot sizes, and multi-timeframe optimization ensure consistent performance on H1, H4, and M30 charts, especially for major currency pairs like EURUSD, GBPUSD, and USDJPY. Supported by robust reverse testing results, it is ideal for traders seeking a repeatable, highly accurate breakout strategy with controlled risk.

>>> Reviewed by Jason Stap <<<