Introduction

SR Breakout Scalper M1 is a MetaTrader 4 Expert Advisor based on a simple multi-timeframe market structure concept.

The EA first determines the short-term market direction on the M5 chart. It then moves to the M1 chart and waits for market structure, a breakout and a retest before considering an entry.

Direction on M5 → Structure on M1 → Breakout → Retest → Entry.

Strategy Overview

The strategy focuses on price structure rather than using a large collection of technical indicators.

1. Determine Direction on M5

The first step is performed on the 5-minute chart. The EA searches for recent swing support and resistance levels.

The M5 chart provides context. The EA does not enter simply because price is above support or below resistance.

2. Confirm Market Structure on M1

After the M5 direction is identified, the EA examines the M1 chart and compares recent swing highs and lows.

3. Wait for the Breakout

Once the M1 market structure agrees with the M5 direction, the EA waits for a breakout.

A small internal breakout buffer is used to reduce entries caused by very small movements around the level.

4. Retest Confirmation

The EA waits for price to return toward the breakout level instead of entering immediately after the breakout.

If the retest does not confirm within the internal waiting period, the setup is cancelled.

5. Entry Logic

6. Stop Loss and Take Profit

The EA uses a simple fixed-pip stop loss and a configurable risk-reward ratio.

For example, with a 10-pip stop loss and a 2.0 risk-reward ratio, the theoretical target distance is 20 pips.

External Inputs

The EA intentionally keeps external settings simple. Most of the strategy logic is fixed internally.

Example Settings

These values are examples, not recommended settings. They should be evaluated through historical and forward testing under the conditions of the intended broker and trading environment.

Why Keep the Logic Simple?

• No large collection of indicators.
• No complicated external parameter list.
• M5 is used for market direction.
• M1 is used for market structure.
• Breakout provides the trigger.
• Retest provides additional confirmation.
• Stop loss and risk-reward are easy to understand.

The purpose is to turn a discretionary chart-reading concept into a clearly defined set of rules that can be tested consistently in MT4.

Testing

1. Run a historical MT4 backtest on the intended currency pair.
2. Test different market periods rather than relying on one period.
3. Review spread and execution conditions.
4. Compare results under different market conditions.
5. Forward-test before considering live deployment.

Conclusion

SR Breakout Scalper M1 follows one central idea: do not enter simply because price is moving.

First identify the short-term direction on M5. Then wait for the appropriate M1 market structure. After that, wait for a meaningful breakout and a confirming retest before entering.