Eurusd London Breakout Expert
- Experts
- Version: 1.0
- Activations: 5
Eurusd London Breakout Expert is an automated Expert Advisor for MetaTrader 5 based on a session range breakout strategy.
The Expert Advisor identifies the price range formed during a configurable time window and monitors the market for a breakout above or below this range.
TRADING LOGIC
The EA calculates the highest and lowest prices during the selected session range.
When the price breaks above the range high plus the configured entry buffer, the EA may open a BUY position.
When the price breaks below the range low minus the configured entry buffer, the EA may open a SELL position.
New positions are only considered during the configured trading window.
MAIN FEATURES
- Session-based breakout strategy
- Configurable range start and end time
- Configurable trading end time
- Adjustable breakout entry buffer
- Automatic BUY and SELL execution
- Percentage-based risk management
- Optional fixed lot size
- Configurable Stop Loss
- Configurable Take Profit
- Optional Trailing Stop
- Adjustable Trailing Stop distance and step
- Maximum spread filter
- Optional one-trade-per-day mode
- Optional position closing at the end of the trading window
- Automatic margin checking
- Magic Number support
- On-chart system information
RISK MANAGEMENT
The EA supports two position sizing methods.
Percentage-based risk management calculates the position size according to the selected percentage of account balance and the configured Stop Loss distance.
Alternatively, users can disable percentage-based risk management and use a fixed lot size.
The EA also checks available free margin before submitting a new trade and adjusts the position volume when necessary.
SESSION SETTINGS
The session times use the broker's server time.
Because broker server times may differ, users should adjust the range and trading hours according to their broker and preferred trading session.
DEFAULT SETTINGS
Range Start: 06:00
Range End: 08:00
Trading End: 16:00
Entry Buffer: 2 pips
Stop Loss: 40 pips
Take Profit: 80 pips
Risk: 1%
Trailing Stop: Disabled
One Trade Per Day: Enabled
IMPORTANT
This Expert Advisor does not guarantee profits.
Market conditions, spreads, slippage, liquidity, broker execution, trading sessions and user-selected parameters can affect trading results.
Users are encouraged to evaluate the Expert Advisor in the MetaTrader 5 Strategy Tester and on a demo account before using it on a live trading account.
Automated trading involves financial risk and may result in losses.
