# Previous Candle Breakdown

Opens positions when the previous candle breaks down at a specified timeframe, with optional moving averages and trailing stop.

Canonical: https://prismaticalgos.com/compendium/algo/783-previous-candle-breakdown
Record ID: 783
Catalog rank: 1348 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://www.mql5.com/en/code/20879
Evidence label (unverified): source_code

## 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: Not specified
- timeframes: M15, H4
- sessions: Not specified
- market_regime: any

## Indicators

- iMA: {"period": 0, "price": 0, "shift": 0}; applied to: close
- iMA: {"period": 0, "price": 0, "shift": 0}; applied to: close

## Recorded long-entry rules

- Not specified.

## Recorded short-entry rules

- Not specified.

## Recorded exit rules

- Close all positions if equity reaches a certain ratio as related to the balance

## Recorded filters

- Moving Average 'Fast'
- Moving Average 'Slow'

## Risk controls

- Stop loss: Stop Loss
- Take profit: Take Profit
- Position sizing: Lots is permanent (Risk must be set to zero) or lot size is calculated dynamically in the risk percents per trade (Lots must be set to zero)