Lordtrader RangeBreakout EA
- Experts
- Version: 3.20
- Activations: 5
Trade the Breakout. Follow the Momentum.
Godgift Lordtrader Range Breakout EA is an automated MetaTrader 5 Expert Advisor designed to identify important trading ranges and automatically look for breakout opportunities.
The EA is designed for traders who want a systematic approach to range-breakout trading without constantly monitoring the charts.
KEY FEATURES
Automated Range Detection
The EA analyzes price movement to identify defined trading ranges and monitors the range boundaries for potential breakouts.
Automatic Buy & Sell Trading
The EA can automatically execute both Buy and Sell trades when the configured breakout conditions are satisfied.
Stop Loss & Take Profit
Every trade can use predefined risk-management levels through Stop Loss and Take Profit settings.
Risk Management
Configure your preferred trading risk, lot size, and trade-management settings according to your trading plan.
Spread Protection
The EA can check the current market spread before opening a trade, helping avoid entries when trading costs become unusually high.
Trading Session Filter
Choose when the EA is allowed to trade. This can help focus trading activity on your preferred market sessions.
Maximum Trades Control
Limit the number of trades the EA can open to help prevent excessive trading.
Magic Number
Use a unique Magic Number to keep the EA's trades separate from trades opened manually or by other Expert Advisors.
Fully Automated Execution
Once configured and attached to a chart, the EA monitors the market and manages trading according to its programmed rules.
MAIN ADVANTAGES
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Automated range-breakout trading
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No need to manually watch the market continuously
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Buy and Sell breakout opportunities
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Built-in risk-management controls
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Configurable Stop Loss and Take Profit
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Spread protection
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Trading-session control
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Maximum trade controls
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Magic Number isolation
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Suitable for backtesting and optimization
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Designed for MetaTrader 5
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Simple and flexible settings
PARAMETERS
Trading Settings
Lot Size
Defines the fixed trading volume used when opening positions.
Risk Percent
Defines the percentage of account equity/balance to risk when dynamic risk management is enabled.
Use Risk-Based Lot Size
Enables automatic position sizing based on the selected risk percentage.
Stop Loss
Sets the Stop Loss distance for new trades.
Take Profit
Sets the Take Profit distance for new trades.
Risk/Reward Ratio
Defines the target reward relative to the calculated trade risk when this option is enabled.
Range Breakout Settings
Range Period
Defines how many candles are used to calculate the trading range.
Breakout Buffer
Adds a configurable price-distance buffer beyond the range boundary before a breakout is considered valid.
Minimum Range Size
Defines the minimum acceptable range size for a potential breakout setup.
Maximum Range Size
Defines the maximum range size allowed for trading.
Use Candle Close Confirmation
Requires the breakout candle to close beyond the range boundary before entering a trade.
Trading Filters
Maximum Spread
Prevents new trades when the current spread is above the selected limit.
Use Trading Session
Enables or disables the trading-session filter.
Session Start Hour
Defines the beginning of the permitted trading period.
Session End Hour
Defines the end of the permitted trading period.
Maximum Trades Per Day
Sets the maximum number of trades the EA can open during one trading day.
Maximum Open Trades
Limits the number of simultaneously open positions managed by the EA.
Trade Management
Magic Number
A unique identifier used to distinguish the EA's trades from other positions.
Allow Buy Trades
Enables or disables Buy positions.
Allow Sell Trades
Enables or disables Sell positions.
Slippage/Deviation
Defines the maximum acceptable execution deviation for market orders.
HOW IT WORKS
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The EA analyzes recent price data.
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It identifies the configured trading range.
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The upper and lower boundaries of the range are established.
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The EA waits for price to break the range.
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Configured confirmation filters are checked.
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If all conditions are satisfied, the EA can open a Buy or Sell trade.
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Stop Loss and Take Profit are applied according to the selected settings.
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The EA continues monitoring the market for new opportunities.
IMPORTANT
The EA is a trading tool and does not guarantee profits. Trading financial markets involves risk, and results can vary depending on the symbol, timeframe, broker conditions, spread, execution, account size and settings.
We strongly recommend testing the EA in the MetaTrader 5 Strategy Tester and using a demo account before trading with real money.
GODGIFT LORDTRADER
Automated Trading Solutions
