Breakout_PANCA_EAGLE.mq4

Breakout PANCA EAGLE is a classic breakout trading strategy script coded for the MetaTrader 4 (MT4) platform. Built around the reliable PANCA breakout concept, this Expert Advisor (EA) scans for price breakouts from key support and resistance levels formed during specific time windows, particularly effective for early session trades.

This EA is perfect for traders who seek a disciplined, rule-based system to capture momentum moves after market consolidation. The .mq4 source code allows for customization and optimization to suit different pairs, sessions, or volatility preferences.

Features

• Platform – MetaTrader 4 (MT4)
• Strategy – PANCA Breakout Method
• File Type – .mq4 (Source Code Expert Advisor)
• Pairs – EUR/USD, GBP/USD, USD/JPY (and others)
• Execution – Semi-Automated or Fully Automated (user choice)
• Risk Management – Customizable lot size, TP/SL, time filters
• Timeframes – M15, M30, or H1 recommended
• Customization – Full access to source code (.mq4)
• Installation – Add to ‘Experts’ folder and compile in MetaEditor
• Recommended – Use with session indicators or volatility filters

Sources and Credits

• MetaTrader 4 Official
• PANCA Breakout Strategy (Forex Factory)
• MQL5 Code Base

Note: This package includes the editable .mq4 source file. It is intended for advanced users or developers seeking to customize breakout logic. No refunds after digital delivery.