Candle Pattern Breakout EA

A candle pattern breakout EA that reads the up/down sequence of three consecutive daily candles to decide direction, then enters through breakout stop orders.

The idea is straightforward: when the last few candles form a specific shape, the market is often setting up for a continuation move. Instead of chasing price the moment the pattern appears, the EA places a breakout order just beyond the key level and only lets it trigger once price actually pushes through, filtering out the false starts. Long and short trades run on separate settings, so direction, distance, reward-to-risk and stop loss can each be tuned on their own.

Core Logic

• Reads the up/down order of the last three candles and only arms a trade when it matches the target pattern
• Places a breakout stop order outside the previous candle's high or low, triggered only on a real break
• Every trade carries a fixed stop and a take profit derived from the reward-to-risk ratio; pending orders are cancelled automatically if they don't fire in time

Risk & Position Management

• Fixed lot sizing, so your exposure is clear at a glance
• Two independent parameter sets for long and short; run long only, short only, or both
• Built-in info panel showing floating P/L, the current candle pattern and pending order status live on the chart