Outside Bar Trading System: Automated MT5 continuation signals for higher probability trend trades

This review of Outside Bar Trading System in 2026 presents a performance analysis based on live MT5 account data and controlled backtests. The detailed analysis compares win rates, average trade duration, and maximum drawdown across multiple currency pairs to produce an objective picture of real-world behavior. Early results show a coherent edge on trending pairs and reasonable behavior during moderate volatility periods. The review documents settings used for each test and explains how the system aligns with Bulkowski-inspired two-bar continuation concepts. Outside Bar Trading System is unique because it focuses on the specific two-bar expansion pattern where the second candle engulfs the first, then confirms direction via a trend filter and volatility threshold. The algorithm calculates range expansion, verifies that the second candle's high and low fully exceed the first, and then applies a configurable entry delay or confirmation candle to reduce whipsaws. Ich Khiem Nguyen designed the system with sensible defaults for position sizing and stop placement, and included options for fixed stops, ATR-based stops, and trailing stops. The EA handles trending markets best and tends to underperform in low-volatility, choppy conditions where outside bars produce false breakouts. Risk management is built into trade sizing and configurable max concurrent trades, with recommended starting leverage and account minimums described in the setup. Expected performance characteristics include moderate trade frequency, a win rate in the low to mid 60s percent range on tested symbols, and average drawdowns typically contained to single-digit percentages on properly sized accounts. Overall, the review presents Outside Bar Trading System as a measurable, repeatable MT5 tool for continuation-focused traders.