Shauns Range Breaker EA
- Experts
- Version: 1.0
Shaun’s Range Breaker EA (FREE) is a breakout‑based Expert Advisor designed to let traders test the core strategy safely and easily, with strict risk limitations. It automatically trades when the current candle’s range expands beyond an average‑bar threshold and can optionally use RSI, time and spread filters to refine entries.
This FREE version is ideal if you want to:
- See how the strategy behaves on your broker and symbols
- Forward‑test on demo or small live accounts
- Evaluate the entry/exit logic and dashboard interface
- Decide whether to upgrade to the Full Version for full control
The core trading logic in the FREE and FULL versions is the same.
The differences are in risk and configuration limits.
🔑 Key Features (FREE Version)
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📈 Breakout Engine
Trades when the current bar’s range exceeds a multiple of the average bar size over a user‑defined history, capturing momentum breakouts. -
📊 On‑chart Dashboard
Clean information panel showing:- Minimum stop distance
- Average bar size
- Balance & Equity
- Spread (pips)
- Drawdown (%)
- Pair / Total / Daily / Weekly / Monthly profit
-
🟦🟥 Manual Trading Buttons
- BUY and SELL buttons on the chart
- Always open with the fixed 0.01 lot defined by the FREE version
- Follows the same SL / TP / trailing rules as automatic entries
-
🎯 Optional Protection Tools
(All available in the FREE version, just like the full version)- Stop Loss & Take Profit in pips
- Trailing stop in pips
- Max drawdown protection (stop opening new trades when a DD level is reached)
- Basket profit target (close all EA trades once a pip‑based profit is hit)
-
🧠 Additional Filters
- RSI filter (only trade if market is not overbought/oversold per your rules)
- Spread filter to avoid trading during wide‑spread conditions
- Day filter (Mon–Sun) to restrict trading days
-
🧮 Built‑in Statistics
- Today’s profit / Yesterday’s profit
- Weekly & Monthly profit
- Symbol‑only profit vs all‑magic profit
🔒 FREE Version Limitations
To keep this version safe and clearly “trial focused”, a few parameters are locked internally:
-
Fixed Lot Size – 0.01
- Lot size is always 0.01, regardless of account size.
- Inputs show “Lots & Risk”, but in the FREE version these are display only.
- Ideal for testing the logic without risking large volume.
-
Maximum Positions – 3 Trades
- The EA will never exceed 3 open positions (across buy/sell for its magic number).
- Great for understanding how the grid/expansion logic layers trades without large exposure.
-
Fixed Trading Session – 03:00 to 23:00 (Server Time)
- The time filter is always enabled internally.
- Inputs explain the schedule but cannot be changed in the FREE version.
- Prevents 24/7 over‑trading while still capturing the active market session.
-
Account Protection Removed
- Unlike the private/full account‑restricted versions, this FREE EA will run on any account number, so you can test it freely on any broker and any MT4 account.
All other features (RSI filter, spread filter, day filter, trailing stop, basket TP, dashboard, manual buttons, etc.) are fully available so you can experience how the EA behaves in real time.
🧪 Recommended Use of the FREE Version
- Attach it to demo charts first (for example, major FX pairs, gold, XAUUSD, indices).
- Leave the lot at 0.01 and observe:
- How often it enters
- How the grid builds up to 3 positions
- How basket profit behaves with different ProfitPips values
- Impact of turning RSI / spread / day filters on and off
- Once you are familiar with the behaviour and results, consider upgrading to the full version for complete control.
🚀 Why Upgrade to the Full Version?
The Full Version unlocks complete control over risk, position sizing, and trading schedule, making it suitable for serious live deployment and advanced optimisation.
✅ Full Version Advantages
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Flexible Lot Sizing & Risk Control
- Enable true % Risk per trade based on your account balance.
- Set any FixedLot (subject to broker limits).
- Adjust MaxOrders to build larger or smaller position grids.
-
Custom Trading Hours
- Fully configurable TimeStart / TimeEnd – adapt to:
- London / New York sessions
- Overnight Asian sessions
- News‑avoidance windows
- Ability to run 24/5 if you choose, or only during tight custom windows.
- Fully configurable TimeStart / TimeEnd – adapt to:
-
Advanced Account Protection
- (Optional) Restricted to specific live account numbers if you want to protect your licence.
- Tighter integration with your risk profile and money‑management rules.
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Scalability for Different Account Sizes
- Tune risk for micro, mini, and standard accounts.
- Increase or decrease grid depth ( MaxOrders ) to match capital and risk appetite.
-
Professional‑Grade Configuration
- Use the EA as a core component of a larger portfolio, with complete control over:
- Lot sizing
- Time filters
- Drawdown thresholds
- Grid depth and profit targets
- Use the EA as a core component of a larger portfolio, with complete control over:
📌 Summary
Shaun’s Range Breaker EA – FREE Version gives you:
- The full breakout logic
- The full interface & filters
- A safe, capped environment (0.01 lots, max 3 trades, fixed hours)
…so you can see how it performs on your broker without complex setup or high risk.
When you’re comfortable with the behaviour and ready to scale, the Full Version lets you:
- Increase lot sizes
- Run deeper grids
- Customise trading hours
- Apply full‑blown professional risk management
Perfect path:
Try FREE → Learn the logic → Upgrade for full control.
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