Greatest Swing Value Breakout Expert Advisor

lwGreatestSwingValueBreakoutExpert.mq5 is an MQL5 Expert Advisor that implements a configurable Greatest Swing Value breakout strategy for research and historical testing.

Overview

The Expert Advisor converts the strategy rules into a systematic workflow:

• Identifies bullish and bearish setup conditions.
• Searches for the required qualifying failure swings.
• Calculates the average failure-swing value.
• Projects the breakout level from the current bar open.
• Keeps each setup valid for one bar only.
• Monitors M1 closing prices for a confirmed breakout.
• Prepares stop-loss and take-profit levels according to the selected modes.
• Supports manual and percentage-risk position sizing.
• Validates broker-specific price and volume requirements.
• Prevents overlapping positions managed by the EA.
• Validates both local trade-method results and trade-server retcodes.

Project File

lwGreatestSwingValueBreakoutExpert.mq5