Day Breakout MT5 (Official version) | Unbounded

Product Overview

Day Breakout MT5 is an automated breakout trading Expert Advisor (EA) for MetaTrader 5, designed to identify and trade breaks of the previous day’s high and low after the start of a new trading day.

The EA monitors price action around the previous day’s key levels and looks for breakout opportunities that may be followed by a significant price movement. Instead of entering every breakout automatically, Day Breakout MT5 uses calculated entry conditions to select situations where the probability of reaching the configured Take Profit is considered favorable by the system.

The robot supports configurable Stop Loss, Take Profit, trading hours, lot management, and end-of-day position closing. Traders can also choose whether open positions should remain active or be automatically closed at the end of the trading day.

The default settings are optimized for GBPJPY, while the EA can be optimized for other Forex instruments.

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About the Developer

• Author: Vadim Zotov.
• Experience: Over +10 years of experience on MQL5.
• Notable Products: Day Breakout MT5, Day and Trail EA MT5, Gap Professional MT5, Lock Balancer MT5, Total Lock MT4, Gap Professional EA MT4 and other advisors.
• Flagship Product: Day Breakout MT5 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).

>>Reviewed by Jason Stap <<

Key Features of Day Breakout MT5

• Previous Day High & Low Breakout Strategy – Monitors breaks of the previous day’s high and low.
• Automated Breakout Detection – Continuously monitors the market for qualifying breakout conditions.
• Probability-Based Entry Logic – Opens trades only when the internal calculations identify a potentially favorable Take Profit scenario.
• Configurable Stop Loss & Take Profit – Allows traders to define fixed SL and TP values in points.
• Flexible Trading Hours – Configure the start and end time for market entries.
• Automatic End-of-Day Closing – Positions can be closed automatically at a specified hour.
• Multiple Closing Modes – Choose whether to close positions regardless of result, only in profit, only in loss, or not automatically.
• Automatic Money Management – Lot size can be calculated according to available free margin.
• Fixed Lot Mode – Traders can use a manually specified fixed lot size.
• Clearance Parameter – Configure additional distance behind characteristic breakout levels.
• Multi-Pair Trading Support – The EA can be used simultaneously on several currency pairs.
• Any Timeframe – The trading results are designed to be independent of the chart timeframe.
• Easy Optimization – Parameters can be adjusted for different Forex instruments and broker conditions.
• Low Starting Capital Requirement – The EA can operate from a minimum deposit of approximately $10, although higher capital is suggested for faster account growth.

How Does Day Breakout MT5 Work?

Day Breakout MT5 is based on the concept of trading price breaks around the previous trading day’s high and low.

🔺Previous Day Levels Are Monitored

At the beginning of a new trading day, the EA identifies the relevant high and low levels from the previous day.

These levels act as important reference points for the breakout strategy.

🔺Breakout Conditions Are Analyzed

The robot continuously monitors market behavior to determine whether the previous day’s high or low has been broken.

A breakout may indicate increased market momentum and the possibility of a larger directional price movement.

🔺Entry Conditions Are Calculated

The EA does not simply enter every time a previous-day level is touched or broken.

Instead, it evaluates the available market conditions and calculates whether the setup provides a sufficiently favorable probability of reaching the configured Take Profit.

🔺Trade Is Automatically Opened

When the required conditions are satisfied, the EA automatically opens a position according to the detected breakout direction.

The position is then managed using the configured Stop Loss and Take Profit parameters.

🔺End-of-Day Position Management

If a position remains open without reaching its Stop Loss or Take Profit, the trader can configure an automatic forced-closing method.

Available options include:

• Do not force close the position.
• Close the position at the end of the day regardless of profit or loss.
• Close only if the position is profitable.
• Close only if the position is losing.

This gives traders greater control over overnight exposure.

Why Choose Day Breakout MT5?

Day Breakout MT5 may be suitable for traders looking for a straightforward automated system based on daily breakout levels rather than complex discretionary chart analysis.

Automated Trading

Once configured, the EA can monitor the market and execute trades automatically without requiring manual breakout detection.

Focus on Key Daily Levels

The previous day’s high and low provide clearly defined reference levels, making the strategy relatively easy to understand and monitor.

Flexible Risk Configuration

The combination of automatic money management, fixed lot sizing, Stop Loss, and Take Profit allows traders to adapt the EA to different account sizes and risk preferences.

End-of-Day Control

The forced-closing feature can help traders control overnight exposure by automatically managing positions at a specified time.

Multi-Currency Capability

The EA can be deployed on multiple Forex pairs simultaneously. According to the provided usage recommendations, spreading the strategy across several pairs may help diversify trading exposure.

GBPJPY Default Configuration

The default parameters are designed for GBPJPY, providing a starting configuration for traders who want to begin testing the EA without building settings from scratch.

Day Breakout MT5 Backtest Results

🔺GBPJPY pair – 3 Months

• Initial Deposit: $1,000
• Total Net Profit: $1,092.10
• Win Rate (% of total): 92.50%
• Maximum Drawdown: 13.21%

Day Breakout MT5 Backtests

Performance and Risk Management

Day Breakout MT5 provides several parameters that can be used to manage trading exposure.

Automatic Money Management

With Automatic Money Management, the EA calculates the trading lot according to the configured:

Lot for 1000 units of free margin

This allows position sizing to adapt to the available account funds.

When trading several currency pairs simultaneously, the recommended approach is to reduce this parameter according to the number of pairs being traded.

Fixed Lot Trading

Traders who prefer direct control over position size can select Fixed Lot and specify the desired lot manually.

Stop Loss

The Stop Loss parameter defines the maximum intended loss distance for an individual position.

Take Profit

The Take Profit parameter determines the target distance at which a profitable position can be automatically closed.

Trading Time Control

The EA allows traders to define:

• Trading Start Hour
• Trading End Hour

This can restrict market entries to the desired trading period.

Forced Closing

The Forced Closing Method provides four different approaches to end-of-day exposure:

The Forced Closing Hour determines when this position-management action takes place.

Weaknesses and Risk Warnings

Although Day Breakout MT5 is designed to automate a daily breakout strategy, it is not risk-free.

Breakouts Can Fail

A break of the previous day’s high or low does not guarantee continued momentum. False breakouts and reversals can result in losing trades.

Market Conditions Can Change

The default settings are designed for GBPJPY. Other currency pairs may behave differently and may require separate optimization.

Broker Time Matters

Daily high and low levels can differ depending on the broker’s server time. Trading-session settings should therefore be tested carefully on the intended broker.

Optimization May Be Required

The developer states that the EA can be optimized for other instruments. Settings that work well on one pair or broker may not produce the same behavior elsewhere.

Multi-Pair Trading Requires Risk Control

Trading several pairs simultaneously can increase the number of positions and total exposure. The recommended adjustment is to reduce the Lot for 1000 units of free margin parameter according to the number of currency pairs.

Minimum Deposit vs. Practical Capital

Although the EA can technically start from around $10, the provided guidance suggests approximately $300 or more for faster account acceleration. A small account can still be highly sensitive to lot size, spread, slippage, and drawdown.

No Profit Guarantee

Past results, backtests, optimization results, or historical trading performance do not guarantee future profitability. Always test the EA on a demo account or small-risk environment before using it with significant capital.

Pros and Cons

Pros

• Automated previous-day high/low breakout trading.
• Designed for MetaTrader 5.
• Supports automatic and fixed lot management.
• Configurable Stop Loss and Take Profit.
• Flexible trading start and end times.
• Multiple end-of-day closing methods.
• Supports multiple Forex pairs.
• Can be optimized for other instruments.
• Trading timeframe is not a key dependency according to the provided specifications.
• Default settings available for GBPJPY.

Cons

• Breakout strategies can experience false breakouts.
• Default settings are optimized for GBPJPY rather than every currency pair.
• Other instruments may require optimization.
• Broker server time can affect daily high/low calculations.
• Multi-pair trading increases overall market exposure.
• Results can be affected by spread, slippage, execution quality, and market conditions.
• A minimum technical deposit does not mean that the same capital level is appropriate for every risk setting.

How to Install Day Breakout MT5

Installing Day Breakout MT5 is straightforward for traders familiar with MetaTrader 5 Expert Advisors.

Step 1: Open MetaTrader 5

Launch your MetaTrader 5 trading platform.

Step 2: Open the Data Folder

Go to:

File → Open Data Folder

Then navigate to:

MQL5 → Experts

Step 3: Copy the EA File

Copy the Day Breakout MT5 EA file into the Experts folder.

Step 4: Restart MetaTrader 5

Restart MT5 or refresh the Navigator → Expert Advisors section so the EA appears in the platform.

Step 5: Open a Chart

Open the currency pair you want to trade.

The default parameters are configured for GBPJPY, so this pair is the recommended starting point for testing the supplied settings.

Step 6: Attach the EA

Drag Day Breakout MT5 from the Navigator onto the selected chart.

Enable:

• Allow Algo Trading
• Any required EA permissions

Step 7: Configure the Parameters

Review the main settings, including:

• Lot Selection
• Lot for 1000 Units of Free Margin
• Fixed Lot
• Stop Loss
• Take Profit
• Trading Start Hour
• Trading End Hour
• Forced Closing Method
• Forced Closing Hour
• Clearance
• Magic Number

Step 8: Test Before Live Trading

Before deploying the EA on a live account, conduct a backtest and demo test using your broker’s trading conditions.

For multi-pair trading, carefully adjust the lot-management parameter so that total exposure remains appropriate for your account size and risk tolerance.

Real User Reviews and Feedback

🔺Day Breakout MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

• Anton Goldberg (2021.09.27): “Приобрел продукт ,пару недель назад. На тесте показывает на все 100%. Прогнал советник неделю на реальном счете, прибыль растет, Разработчик отзывчив к покупателями, что отлично подходит для построения отношений, основанных на доверии. Рекомендую всем данный продукт!”

What’s Included in the Download Package?

• Setting (If Any).docx
•  Installation Guide.docx

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Final Thoughts

In summary, Day Breakout MT5 is an automated Forex Breakout Expert Advisor for MetaTrader 5, designed to trade breaks of the previous day’s high and low. Its strategy focuses on clearly defined daily price levels while using internal entry calculations to filter potential breakout opportunities rather than simply trading every level break.

The EA provides flexible trade and risk management, including Stop Loss, Take Profit, automatic or fixed lot sizing, configurable trading hours, Clearance settings, and multiple end-of-day closing methods. These features allow traders to control both individual trade risk and overnight exposure. Multi-pair support also provides flexibility, although running several currency pairs simultaneously can increase total account exposure.

The supplied 3-month GBPJPY backtest reports $1,092.10 total net profit, a 92.50% win rate, and 13.21% maximum drawdown from an initial deposit of $1,000. These historical backtest results do not guarantee future performance. Actual trading results can vary because of false breakouts, spread, slippage, commissions, execution quality, broker server time, liquidity, leverage, and changing market conditions.

The default configuration is optimized for GBPJPY, while other Forex pairs may require separate testing or optimization. Broker server time is also particularly important because it can affect the calculation of the previous day’s high and low.

Overall, Day Breakout MT5 provides a structured framework for automated daily breakout trading with configurable position and end-of-day risk management. Thorough backtesting and demo forward testing under the intended broker conditions, together with conservative position sizing and careful multi-pair exposure management, are recommended before live deployment.