Range Breakout Day Trader

5

Introducing the Range Breakout Day Trader. This Expert Advisor only trades during the day (European time). This EA uses proven strategies and doesn't use high risk Grid, Hedge or Martingale recovery strategies. This EA shows that safe and reliable automated trading systems don't need to cost that 


Price: 179.00 USD

Prop Firm Ready


For the manual and set-files: Click here

This carefully crafted Expert Advisor opens one position every day after a range has been set between 1:00 and 6:50 AM (GMT/UTC+2) on the USDJPY currency pair.

Because it only opens one position with a stop loss and closes automatically at the end of the day (so you  also avoid swap costs), it's a very safe EA. You can even set up an extra safeguard by setting up the maximum allowed equity drawdown.

After the breakout of the range (which will happen after 6:50 AM) a carefully optimized trailing stop will start after a certain amount of profit has been reached.

At 19:55 PM the position will be closed which will then also avoid any swap costs for open positions during the night.

An integrated trend filter will increase the probability of opening the position in the right direction of the range breakout.

There will be also situations that the profit can increase further. For those situations the EA has a build-in alert option (by notification or email) to send a warning if the price reaches a certain amount of profit early, so that you can temporarily switch of the take profit level and let the profits increase further. This can be done in situations when for example the profit already increases quickly after opening a position and trend indicators on a higher time frame show that the trend will probably continue.

But be aware that these situations where the price continues to move in one direction during the day don't happen a lot. And switching off the default settings of the EA and combining manual trading can involve extra risks.


Prop Firm Ready

The LOW RISK and EXTRA LOW RISK settings of this EA are suitable for prop firm challenges. 


Recommendations:

  • Currency pair: USDJPY, GBPUSD, BTCUSD
  • Timeframe: M5
  • Minimum deposit : $100
  • Account type: ECN, Raw or Razor with very low spreads
  • It is important to use low spread accounts for best results
  • Use VPS to keep EA running 24/7
  • Leverage 1:500 (if using medium or high risk settings)
Specifications:
  • No Grid or Martingale system
  • Every trade is protected with a Stop Loss
  • Extra protection possible by setting up the max. equity drawdown
  • Entry strategy incorporates a daily range breakout with a trend filter
  • Exit strategy incorporates a trailing stop using ATR values
  • Option to choose risk based lot size or fixed lot size
  • Option to send notification/email alert at predefined profit percentage
  • Default settings are already fine for most brokers that use a GMT/UTC+2 with DST server time. If your broker has a different server time, time setting adjustments need to be done
Reviews 3
Summ Top
1802
Summ Top 2024.09.07 10:41 
 

Good EA ! Thanks ! Using it in my portfolio of EA's, highly recommend!

Eddie
285
Eddie 2024.07.01 12:40 
 

The Author is very supportive, helpful and excellent customer support. I contacted him for assistance with the EA set up, and Author,s response was quick, very patient and helped resolved my query. Massive thanks to the author.The EA is brilliant and doing exactly as described.

gregor_h
1789
gregor_h 2025.02.19 09:01 
 

The author has been incredibly accessible and willing to help with any questions I have had. His responsiveness is truly commendable! As for the performance, it's still too early for me to provide a comprehensive assessment. However, I look forward to evaluating its effectiveness as I gather more data over time. Overall, I'm optimistic about my experience so far.

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Experts
The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price Action, Cycle S
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Experts
The advisor is based on my  Author's indicators . No  AI  or any other nonsense. Only a combination of indicators, levels and price action. Does not use dangerous trading methods, works on   XAUUSD M1  and with currency pairs! Always sets   Stop Loss   and   Take Profit . Real signal: https://www.mql5.com/en/signals/2388322 Be sure to contact me after purchase and send me your trading account number to activate the advisor!! Do not use it without me!!! -------------------------------- Installati
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Experts
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Quantum Emperor MT5
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Experts
Introducing   Quantum Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Emperor EA and you could get Quantum StarMan for free !*** Ask in private for more details Verified Signal:   Click Here MT4 Version
Scalping Index Pro MT5
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Scalping Index Pro is a professional trading system designed specifically for fast and precise scalping on US30 and DE40 using the M1 timeframe . The system has been developed specifically for the unique behavior of major stock indices, focusing on short term price movements, rapid momentum changes, market volatility, and selective grid based trade management techniques to identify high probability trading opportunities . Scalping Index Pro is optimized for traders who prefer dynamic trading wit
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Experts
PRICE INCREASE SOON! Simple  Plug & Play Setup No Risky Martingale/Grid Live Signal  |  FTMO Results  |  Public Community Final Price: $990 The Strategy Prop Firm Gold EA is a multi-strategy trading system designed specifically for Gold (XAUUSD) on the MT5 platform. The system combines multiple logics, using breakout-based concepts to capture the dominant intraday direction, together with intraday price patterns. This allows it to adapt to different intraday market conditions rather than relyi
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MT5 Economic Calendar CSV exporter
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This script exports the economic calendar from MT5 as a .csv-file into the common directory of the terminal (...\Terminal\Common\Files). The generated file news.csv is necessary for using the news filter in back testing the Range Breakout Day Trader EA. Input parameters: Currency symbol 1-9: Country currency symbol from which the news will be exported Date from: Start date from which the calendar data will be exported Date to: End date to which the calendar data will be exported News data: Incl
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Range Breakout Day Trader MT4
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Introducing the Range Breakout Day Trader. This Expert Advisor only trades during the day (European time). This EA uses proven strategies and doesn't use high risk Grid, Hedge or Martingale recovery strategies. This EA shows that safe and reliable automated trading systems don't need to cost that much. Price: 179.00 USD Prop Firm Ready For the manual and set-files:  Click here This carefully crafted Expert Advisor opens one position every day after a range has been set between 1:00 and 6:50 AM (
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4 advisors for the price of one     Introducing the News Day Trader. This Expert Advisor trades on economical news releases. This EA can use four different strategies for trading news releases. It doesn't use high risk Grid, Hedge or Martingale recovery strategies. This EA works even better when used in combination with the Range Breakout Day Trader , which will optimize the amounts of trades made per day. Price:  179.00 USD !  (44.75 USD per EA strategy) This thoroughly tested Expert Advisor o
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gregor_h
1789
gregor_h 2025.02.19 09:01 
 

The author has been incredibly accessible and willing to help with any questions I have had. His responsiveness is truly commendable! As for the performance, it's still too early for me to provide a comprehensive assessment. However, I look forward to evaluating its effectiveness as I gather more data over time. Overall, I'm optimistic about my experience so far.

Summ Top
1802
Summ Top 2024.09.07 10:41 
 

Good EA ! Thanks ! Using it in my portfolio of EA's, highly recommend!

Eddie
285
Eddie 2024.07.01 12:40 
 

The Author is very supportive, helpful and excellent customer support. I contacted him for assistance with the EA set up, and Author,s response was quick, very patient and helped resolved my query. Massive thanks to the author.The EA is brilliant and doing exactly as described.

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