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
301
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
1824
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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INSTITUTIONAL SMC ROBOT VERSION 3.0 Advanced Smart Money Concepts Trading System for MetaTrader 5 Executive Overview Institutional SMC Robot  is an automated trading solution engineered for modern financial markets. Built around elite Smart Money Concepts (SMC) architecture, the algorithm identifies and executes high-probability trades based on institutional order flow, market structure shifts, and liquidity dynamics. Unlike traditional retail indicators, Institutional SMC Robot  tracks real ins
SomaForex
Andrii Soma
SomaForex is a multi-strategy breakout Expert Advisor for MetaTrader 5, built for EURUSD, GBPUSD, and USDJPY. One chart, one EA, 34 independent strategies running together as a single diversified portfolio. Live Signal. To make it accessible at launch, I am using a transparent ramping-price model: Launch price: 100 USD The price increases by 100 USD for every 10 copies sold, at most once per day Early buyers lock in the lowest price for the lifetime of the product. Concept Instead of running a s
Morpheus Algo EA MT5
Maxim Kurochkin
4 (8)
MORPHEUS ALGO EA MT5 See the market structure. Follow the system. Markets keep moving. Your trading process needs a system. Morpheus Algo EA brings Gold and EURUSD into one automated workflow, combining built-in trading logic, configurable exits and visual market context directly on the chart. At its core, Morpheus uses a built-in algorithmic engine with selectable XAUUSD and EURUSD trading logic. Automatic lot sizing, instrument-specific Take Profit and Stop Loss settings and trailing managemen
Pac Man BTC
Thomas Christoph Lipka
5 (6)
Pac Man BTC MT5 – Bitcoin Trading Expert Advisor Pac Man BTC MT5 is an automated trading Expert Advisor for BTCUSD on MetaTrader 5. The trading robot is designed for the specific market characteristics of Bitcoin, including high volatility, changing spreads and rapid price movements. Version 1.7 combines the trading strategies into one unified system with predefined entry conditions and individual trade management rules. The EA monitors market movements and places pending orders when its interna
The Gold Space
Ayush V Jain
5 (10)
Version 3 is live now. LIVE SIGNAL REACHED 250% on Version 2 and market shifted. Live Signal of Version 3 on Vantage Version 3 Live signal https://www.mql5.com/en/signals/2393691 =============================================================================================== Join telegram group   https://t.me/+UaALtDiYMb4xYTk1 The Gold Space v3 – Built on a New Engine The Gold Space v3 is a complete rebuild of our XAUUSD breakout system. It runs on a new engine designed around one idea: place fe
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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
FREE
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 (
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
1824
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
301
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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