Breakout and rejection range trading: Automated MT5 trend entries with verified results

This 2026 review provides a performance analysis of Breakout and rejection range trading, evaluating live MT5 results and strategy behavior across several markets. The review compares historical results with real-time demo and live account records to identify typical win rates, drawdowns, and trade frequency, and presents an objective analysis of strengths and limitations. Results from multiple months are summarized to show stable pattern detection without overfitting to a single instrument. Breakout and rejection range trading is unique because it explicitly separates breakout entries when price breaches a defined high or low from rejection entries when price tests but fails to break that same threshold. The algorithm calculates highest highs and lowest lows over X candles, excluding or including the current bar as configured, and then evaluates volume, momentum, or simple price confirmation rules before sending an order. The indicator is designed for MT5 and supports automated execution as an expert advisor or signal generator for manual traders. The algorithm works best in markets that alternate between clear ranges and trending phases, such as FX majors and liquid indices. Risk management includes ATR stops, time-based trade invalidation, and adjustable position sizing that targets 0.5 to 2 percent risk per trade by default. Expected performance characteristics include moderate win rates with positive expectancy through favorable reward-to-risk on breakout continuation trades and selective rejection fades. Minh Vuong Pham built the logic to favor repeatable, rule-based decisions rather than discretionary entries.