AUTOM8 · RANGE BREAKOUT
Autom8 Inside Bar
Inside-candle consolidation detection with pending orders on both sides of the range.
- Platform
- MetaTrader 5 desktop
- Delivery format
- Compiled .ex5 file
- Purchase type
- Software usage license
- License duration
- 24 months
- Source code
- Not included
Your licensed trading account
At purchase, provide the account number and broker/server for the account you want licensed. We never need your trading password or investor password.
Delivery is compiled software under license: .ex5 for MT5, or .ex4 for a validated MT4 release. Editable .mq5 and .mq4 source files are not included. Each EA includes a 24-month license. Account allowance will be confirmed before purchase.
How the EA works
Detects consecutive inside candles within a mother candle range and places buy-stop and sell-stop orders beyond its boundaries. It extends chart boxes as more inside candles form and avoids setups nested within an existing active box. After an entry triggers, it attempts to delete the opposite pending order, set the stop loss at the opposite entry boundary, and calculate take profit from the selected risk/reward multiple. Optional session filters, break-even, and trailing-stop logic manage the setup.
Settings you control
Choose the available parameters for your own setup. Default inputs are not recommended settings or a promise of results.
- Lot size, inside-candle count, entry buffer, and active-box limit
- Risk/reward multiple and slippage tolerance
- Mother-candle body and range filters
- London/New York session toggles and broker-server session hours
- Break-even trigger and offset
- Trailing start and distance, box appearance, and magic number
Platform requirements
MetaTrader 5 desktop with algorithmic trading enabled. Keep the terminal connected for post-entry stop placement and ongoing management.