Range Breakout Boosted MT5
- Experts
- Version: 1.0
RANGE BREAKOUT BOOSTED MT5 - A FRAMEWORK FOR MULTICURRENCY BREAKOUT TRADING
RANGE BREAKOUT BOOSTED MT5 trades the classic opening-range-breakout setup fully automatically: it measures the high/low of a session window you define, places pending stop orders on both sides of that range, and manages everything — entries, opposite-order handling, profit protection, and end-of-day closure — without manual intervention.
How it works
1. Range capture — Between RangeStartHour and RangeEndHour (broker time), the EA records the highest high and lowest low on the symbol's M1 data.
2. Breakout orders — Right after RangeEndHour, it places a Buy Stop at the range high and a Sell Stop at the range low, each with a stop loss placed a configurable buffer (SL_BufferPercent) beyond the opposite side of the range.
3. Session close — At CloseHour, all open positions are closed and any remaining pending orders are cancelled, so the strategy never carries risk overnight unless you configure it to.
4. Daily reset — State resets automatically at the start of each new day, and recovers correctly if the terminal or EA restarts mid-session.
Key features
- Three lot-sizing modes — choose what fits your money management:
- Fixed lot — a constant volume every trade.
- Equity step — automatically scales size as your account grows/shrinks ($X of equity adds 0.01 lot).
- Risk percent — classic risk-based sizing: position size is calculated so a stop-out loses a fixed % of equity.
- Flexible opposite-order handling — once one side of the breakout fills, choose to:
- delete the opposite pending order, or
- leave it active, or
- automatically multiply its lot size by a configurable factor (for traders who want to lean into a confirmed breakout in one direction).
- One-time profit protection — optionally moves the stop loss to lock in a configurable number of points once a trade reaches a profit trigger.
- Weekend control — independently enable/disable new order placement on Saturday and Sunday, for symbols that trade through the weekend (crypto, etc.).
- Visual range box — draws a colored, filled rectangle on the chart marking each day's captured range, with adjustable color and how many recent days stay visible (auto-cleans older boxes).
- Safe by design — magic-number isolated, full input validation on load, and state recovery after any restart so you never lose track of the day's orders.
Who it's for
- Traders who follow session-open volatility breakouts (London/NY opens, or any custom window) on any symbol/timeframe and want a rules-based, hands-off implementation with modern risk controls.
Past performance is not indicative of future results. Test thoroughly on a demo account before trading live.
