# CandleGate Breakout

Automates a session-breakout strategy based on a single reference candle each day.

Canonical: https://prismaticalgos.com/compendium/algo/7711-candlegate-breakout
Record ID: 7711
Catalog rank: 1687 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://www.mql5.com/en/market/product/197723
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: GOLD
- timeframes: M5, M15, M30, M60
- sessions: Not specified
- market_regime: breakout

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- Confirmation mode: next candle closes above the reference candle's High
- Pending-order mode: Buy Stop placed at the reference candle's 50% midpoint

## Recorded short-entry rules

- Confirmation mode: next candle closes below the reference candle's Low
- Pending-order mode: Sell Stop placed at the reference candle's 50% midpoint

## Recorded exit rules

- Confirmation mode: Stop loss at the reference candle's Low, Take profit at double the risk
- Pending-order mode: Buy order fills, Sell Stop auto-cancelled

## Recorded filters

- ATR filter to skip abnormally large reference candles
- Slippage and spread filter, configurable magic number

## Risk controls

- Stop loss: Confirmation mode: stop loss at the reference candle's Low, Pending-order mode: stop loss above the reference candle's High
- Take profit: Confirmation mode: take profit at double the risk, Pending-order mode: null
- Position sizing: Risk per trade in fixed $ or % of account balance, fully adjustable