Range Breakout Day Trader MT4

Introducing the Range Breakout Day Trader. This Expert Advisor only trades during the day (European time). This EA uses proven strategies and doesn't use high risk Grid, Hedge or Martingale recovery strategies. This EA shows that safe and reliable automated trading systems don't need to cost that much.

Price: 179.00 USD

Prop Firm Ready

For the manual and set-files: Click here

This carefully crafted Expert Advisor opens one position every day after a range has been set between 1:00 and 6:50 AM (GMT/UTC+2) on the USDJPY currency pair.

Because it only opens one position with a stop loss and closes automatically at the end of the day (so you  also avoid swap costs), it's a very safe EA. You can even set up an extra safeguard by setting up the maximum allowed equity drawdown.

After the breakout of the range (which will happen after 6:50 AM) a carefully optimized trailing stop will start after a certain amount of profit has been reached.

At 19:55 PM the position will be closed which will then also avoid any swap costs for open positions during the night.

An integrated trend filter will increase the probability of opening the position in the right direction of the range breakout.

There will be also situations that the profit can increase further. For those situations the EA has a build-in alert option (by notification or email) to send a warning if the price reaches a certain amount of profit early, so that you can temporarily switch of the take profit level and let the profits increase further. This can be done in situations when for example the profit already increases quickly after opening a position and trend indicators on a higher time frame show that the trend will probably continue.

But be aware that these situations where the price continues to move in one direction during the day don't happen a lot. And switching off the default settings of the EA and combining manual trading can involve extra risks.


Prop Firm Ready

The LOW RISK and EXTRA LOW RISK settings of this EA are suitable for prop firm challenges. 


Recommendations:

  • Currency pair: USDJPY, GBPUSD, BTCUSD
  • Timeframe: M5
  • Minimum deposit : $100
  • Account type: ECN, Raw or Razor with very low spreads
  • It is important to use low spread accounts for best results
  • Use VPS to keep EA running 24/7
  • Leverage 1:500 (if using medium or high risk settings)
Specifications:
  • No Grid or Martingale system
  • Every trade is protected with a Stop Loss
  • Extra protection possible by setting up the max. equity drawdown
  • Entry strategy incorporates a daily range breakout with a trend filter
  • Exit strategy incorporates a trailing stop using ATR values
  • Option to choose risk based lot size or fixed lot size
  • Option to send notification/email alert at predefined profit percentage
  • Default settings are already fine for most brokers that use a GMT/UTC+2 with DST server time. If your broker has a different server time, time setting adjustments need to be done
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Experts
Quantum King EA: potenza intelligente, raffinata per ogni trader IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. Prezzo di lancio speciale Segnale in diretta:       CLICCA QUI Versione MT5:   CLICCA QUI Canale Quantum King:       Clicca qui ***Acquista Quantum King MT5 e potresti ricevere Quantum Queen X, Quantum Athena X, Quantum Commander, Quantum Emperor, Quantum Baron, Quantum OmniGold o Quantum StarMan gr
Gold Challenger EA
Xian Qin Ceng
Experts
Gold Challenger EA,   a new EA based on BeiDou Trend EA, has been launched. It is suitable for high volatility products such as XAUUSD. Gold Challenger EA still uses the breakout method.   Breakout trading is a very old method. Since the 1900s, since Livermore, this method has been widely used. It has been more than 120 years. This method is always effective, especially for XAUUSD and Gold with high volatility.   I have been using the breakout method to make profits on XAUUSD in the early stage
Chaos Algo Trading EA
Stefano Frisetti
3.67 (3)
Experts
DESCRIZIONE Con l'utilizzo del CHAOS ALGO TRADING EA, trading automatico, non dovrai piu' indovinare la direzione dei prezzi , ma potrai prendere profitto dalle oscillazioni, in qualsiasi direzione esse avverranno. Il CHAOS ALGO TRADING EA e' stato creato per AUTOMATIZZARE il TRADING CON LA STRATEGIA DEL CHAOS , lasciando al TRADER solo la decisione di quando attivare la STRATEGIA e quando scollegare l'AUTOTRADING. Questo EA funziona in AUTOLEARNING , quindi puo' andare avanti da solo senza int
Adaptive Xauusd Hedgefund Expert
Jamil Eugene Brown
Experts
Short description : Automated Gold expert advisor for MetaTrader 4 with volatility breakout entries, pending stop orders, a trailing stop and a live dashboard. Full description: Adaptive XAUUSD Hedgefund EA for MetaTrader 4 trades Gold (XAUUSD) on the M1 timeframe. It waits for a volatility expansion, places a pending stop order in the direction of the move, and protects the trade with a trailing stop. How it works A volatility filter requires the current bar range to exceed a set number of poin
BioBot
Andriy Sydoruk
Experts
Here is the corrected and adapted description for your BioBot scalping system in English , fully aligned with the actual input parameters from your code: BioBot Scalping System Description BioBot is a high-performance automated scalping trading system designed for trading various financial instruments (currency pairs, metals, etc.), primarily on M1 – M15 timeframes. Optimizing BioBot just once (for example, over a one-month period) is sufficient to deliver strong results on a forward period sev
Dark Gold
Marco Solito
4.69 (91)
Experts
Dark Gold  is a fully automatic Expert Advisor for  Scalping   Trading on Gold , Bitcoin , Eurusd and Gbpusd. This Expert Advisor needs attention, in fact presents highly customizable. Dark Gold is based on   Dark Support Resistance indicator   (owning it is not necessary) , these Trades can be manage with some strategies. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get Dark Support Resistance indicator for Free , for More info contact me The basic strategy st
Bazooka EA
Davit Beridze
5 (4)
Experts
Bazooka EA – Expert Advisor di Trend e Momentum per MT4 MT5:  https://www.mql5.com/en/market/product/163078 Importante:   Pubblichiamo regolarmente file .set aggiornati nella sezione   Commenti . Assicuratevi di utilizzare la versione più recente per i vostri backtest e per il trading reale, al fine di garantire prestazioni ottimali con l'attuale volatilità del mercato. Bazooka EA è un Expert Advisor completamente automatizzato per MetaTrader 4 , progettato per operare sui movimenti direzionali
The Gold Space MT4
Ayush V Jain
5 (1)
Experts
Version 3 is live now. LIVE SIGNAL REACHED 250% on Version 2 and market shifted. Live Signal of Version 3 on Vantage Version 3 Live signal https://www.mql5.com/en/signals/2393691 Join telegram group   https://t.me/+UaALtDiYMb4xYTk1 The Gold Space v3 – Built on a New Engine The Gold Space v3 is a complete rebuild of our XAUUSD breakout system. It runs on a new engine designed around one idea: place fewer, cleaner orders and manage every trade with discipline. The New Engine Virtual levels: Every
Boring Pips MT4
Thi Thu Ha Hoang
4.6 (15)
Experts
Ti sei mai chiesto perché la maggior parte degli esperti consulenti non è efficace nel trading reale, nonostante la loro perfetta performance nei backtest? La risposta più probabile è Over-fitting. Molti EA vengono creati per 'imparare' e adattarsi perfettamente ai dati storici disponibili, ma falliscono nel prevedere il futuro a causa di una mancanza di generalizzabilità nel modello costruito. Alcuni sviluppatori semplicemente non conoscono l'esistenza del Over-fitting, o ne sono a conoscenza
Daytrade Pro Algo
Profalgo Limited
5 (5)
Experts
Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ NOVITÀ: ottieni 1 EA gratis!   (per 2 account commerciali) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipendente d
Altri dall’autore
MT5 Economic Calendar CSV exporter
Aroen Mughal
Utilità
This script exports the economic calendar from MT5 as a .csv-file into the common directory of the terminal (...\Terminal\Common\Files). The generated file news.csv is necessary for using the news filter in back testing the Range Breakout Day Trader EA. Input parameters: Currency symbol 1-9: Country currency symbol from which the news will be exported Date from: Start date from which the calendar data will be exported Date to: End date to which the calendar data will be exported News data: Incl
FREE
Range Breakout Day Trader
Aroen Mughal
5 (3)
Experts
Introducing the Range Breakout Day Trader. This Expert Advisor only trades during the day (European time). This EA uses proven strategies and doesn't use high risk Grid, Hedge or Martingale recovery strategies. This EA shows that safe and reliable automated trading systems don't need to cost that  Price: 179.00 USD Prop Firm Ready For the manual and set-files: Click here This carefully crafted Expert Advisor opens one position every day after a range has been set between 1:00 and 6:50 AM (GMT/
News Day Trader
Aroen Mughal
Experts
4 advisors for the price of one     Introducing the News Day Trader. This Expert Advisor trades on economical news releases. This EA can use four different strategies for trading news releases. It doesn't use high risk Grid, Hedge or Martingale recovery strategies. This EA works even better when used in combination with the Range Breakout Day Trader , which will optimize the amounts of trades made per day. Price:  179.00 USD !  (44.75 USD per EA strategy) This thoroughly tested Expert Advisor o
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