Range Breakout incl Safetynet for MT4

This Expert Advisor implements the Range Breakout Strategy, a simple yet effective short-term trading strategy.

  • Easy to use and supervise
  • Fully configurable settings
  • Customizable break-even, SL, TP
  • Built-in money management
  • Works for ECN/Non-ECN brokers
  • Works for 2-3-4-5 digit symbols
  • Trading is FIFO (NFA) Compliant


The Range Breakout Strategy

Using this strategy, the trader places a buy stop/limit just above the open price of your defined range and a sell stop/limit just below the open price.

The first stop triggered enters the trader into the trade and the other stop becomes the protective stop.

The research shows that the earlier in the trading session the entry stop is hit the more likely the trade will be profitable at the close.


Input parameters

Money Management

- fixed lotsize
- risk versus capital in % (you define the maximal risk in % per trade. The EA calculates based on the Equity and stop loss the size of the trade)

Time Management

- Range start = beginning of the range in HH:MM
- Range stop = end of the range in HH:MM
- Trade stop = from this point no new trade will be opened, running trades remains
- Position close = at this time ALL open trades will be closed

Risk Management

- TP factor in % = you define the TP range. 100% means the full range size. 150% means 1,5 times the range size
- SL Factor in % = you define the SL range. 100% means the full range size. 150% means 1,5 times the range size
- Min range in pips = the minimum range in pips. If the range is too small, there will be no trade on that day
- Max trades per day = you define the total number of maximum trades per day
- Max buy trades = you define the ratio to the max trades per day
- max sell trades

General settings

- Slippage = slippage you allow
- Magic number = unique number for the EA
- EA comment = definition/name of the EA
- Text color in App Window
- Main rectangular color
- Sub rectangular color
- show comment = show or hide the Trading window


Moving average settings

- use Moving average = activate or deactivate the filter
- Time Frame = on which time frame the filter should run. For this EA the best option is the 1 hour or 4 hour time frame
- period = choose the period for the Moving Average
- shift
- Method
- applied price












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Experts
next price 250$ Holy grail gold EA is a fully automated expert Advisor using an advanced search and breakdown mechanism for local extrema. The system does Not use the Grid, does Not use martingale and other risky strategies. All trades are protected by StopLoss ! ------------------------------ ------------------------------ ------------------------------ -------------------------- SIGNAL ===== https://www.mql5.com/fr/signals/1380191?source=Site+Signals+My ------------------------------ ---------
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MQL TOOLS SL
4.29 (42)
Experts
The XG Gold Robot MT4 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
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Michela Russo
4.7 (10)
Experts
Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average,  ADX, and High/Low Level  indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu
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