Range Breakout EA V2
- Experts
- Version: 2.0
- Activations: 20
Range Breakout EA — Precision Opening Range Breakout, engineered from the ground up for prop firm compliance.
⚠️ LIMITED INTRODUCTORY PRICE — First 20 copies only. Price increases with next update.
Overview
Range Breakout EA is a professional Opening Range Breakout Expert Advisor for MetaTrader 5, built specifically for traders participating in prop firm evaluations and funded account challenges. Every component — from lot sizing to news filtering to drawdown enforcement — is designed around the risk rules that prop firms actually enforce.
Optimised and battle-tested primarily on XAUUSD (Gold) and USDJPY — two of the most liquid and technically clean instruments for breakout strategies.
No martingale. No grid. No averaging. No hidden logic. Full transparency, repeatable execution, capital protection first.
Supports both NETTING and HEDGING accounts.
Key Features
- Automated ORB breakout engine with configurable range window
- Dual HTF MA bias filter (M15 + H1) for high-quality trade direction
- Institutional tick-value lot sizing — precision calibrated for XAUUSD and USDJPY
- Built-in daily loss limit, daily profit target, and overall account limit
- News filter using MT5's built-in economic calendar — no DLL, no external feed
- ATR-based trailing stop with activation threshold
- Breakeven, fixed trailing, and range-factor trailing modes
- Live dashboard: range levels, ATR, news countdown, daily P&L, EA status
- Full prop firm compliance — no rule violations, no surprise behaviour
Multi-Layer Filter System
- Range Size Filter — skips sessions where range is abnormally narrow or wide
- HTF Trend Filter — M15 EMA and H1 EMA confirm macro direction before entry
- BUY-Only Mode — disables SELL entries on instruments with persistent upward bias (ideal for Gold in trending markets)
- News Filter — blocks new entries and closes positions before high-impact events (USD and XAU news covered by default)
- Time Filters — configurable range window, order cancellation time, EOD close
Prop Firm Compliance Module
Built to meet the standard risk rules enforced by funded account evaluation programs:
- Daily Loss Limit — halts all trading and closes positions when threshold is breached
- Daily Profit Target — stops trading once daily goal is reached
- Overall Account Limit — tracks cumulative equity from EA start; halts on breach
- Max Trade Controls — separate caps for long, short, and total daily trades
- News Avoidance — no new orders during configurable pre/post news windows
- Pre-News Position Close — closes open trades before high-impact events
Always verify your specific program's current rules before live deployment.
Who It's For
- Traders preparing for or currently in funded account evaluations
- Gold and JPY traders running London open breakout sessions
- Disciplined, risk-first breakout strategy traders
- Automated traders who want full transparency over every EA decision
Not suitable for: martingale, grid, or high-frequency scalping strategies.
Inputs and Configuration
EA Identity — Magic Number, Order Comment
Range Window — Start/End Hour and Minute, bar timeframe for range calculation
Entry Settings — Breakout buffer in points beyond range high/low
HTF Bias Filter — Primary MA timeframe, period and method; secondary H1 MA confirmation; BUY-Only mode toggle
Risk Management — Lot mode: Fixed / Risk % / Fixed $ amount; maximum lot cap; daily loss limit; daily profit target; overall loss and profit limits
Trade Management — Stop loss and take profit: fixed points or range factor; breakeven trigger; fixed trailing stop; ATR trailing stop with multiplier and activation threshold
News Filter — Impact level: High / Medium / All; minutes to block before and after event; pre-news position close toggle; currency filters: USD, XAU, EUR, GBP, JPY, custom
Schedule — Order cancellation time; EOD forced close time and toggle
FAQ
Works in Strategy Tester with news filter? Yes — MT5 stores the economic calendar locally. Historical news events are reflected in backtests once calendar data is downloaded.
Lot sizing accurate for Gold (XAUUSD)? Yes — the EA uses the tick-value method with a live price refresh on every calculation, which is the correct approach for Gold where tick value moves with price.
Lot sizing accurate for USDJPY? Yes — the same tick-value method handles JPY pairs correctly regardless of the exchange rate level.
Any DLL or external data connection? No — zero external dependencies. The news filter runs entirely on MT5's built-in CalendarValueHistory() function.
Multiple instruments simultaneously? Yes — attach one instance per chart with a unique Magic Number for each. Running XAUUSD and USDJPY together is fully supported.
Actively maintained — free updates included for all buyers.
Past results do not guarantee future performance. Trading carries risk. Size positions appropriately for your account and program rules.
Questions? Post in the Comments tab — I respond within 24 hours.
