Session Range Breakout with Prop Firm Risk Control
- Experts
- Makhale J Ntsekhe
- Versione: 1.0
- Attivazioni: 5
Session Range Breakout with Prop Firm Risk Control is a fully automated Expert Advisor designed to trade structured session breakouts using a clearly defined price range.
The system focuses on disciplined execution, transparent risk management, and strict capital protection — making it suitable for both personal trading and prop firm environments.
The EA does not rely on indicators or curve fitting. Instead, it uses pure price action derived from a configurable session range.
📊 Trading Strategy
The Expert Advisor builds a session price range (high and low) during a user-defined time window.
Once the range is completed, the EA monitors price action and enters trades when a confirmed breakout occurs.
Strategy logic:
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A range is calculated using a fixed start time and duration (in minutes)
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The highest high and lowest low of the range are recorded
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After the range closes, the EA looks for:
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A breakout above the range high → Buy
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A breakout below the range low → Sell
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Optional modes:
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One breakout per session
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Two breakouts per session (high and low)
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The system is designed to work well on indices, gold, and liquid CFDs, especially during high-volatility sessions.
🛡️ Risk Management
Risk control is a core feature of this Expert Advisor.
Position sizing options:
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Fixed lot size
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Fixed monetary risk per trade
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Percentage risk based on account equity
Trade protection:
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Stop Loss calculated as a percentage of the session range
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Optional Take Profit based on the same range logic
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Automatic position closure at a defined session close time
All lot sizes are validated against symbol limits (minimum, maximum, and step).
🏦 Prop Firm Risk Control Mode
An optional Prop Firm Mode is included to help traders comply with common proprietary trading firm rules.
When enabled, the EA can:
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Monitor maximum daily drawdown
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Enforce maximum total drawdown
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Stop trading after reaching a profit target
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Automatically close positions and disable itself if any rule is violated
This feature makes the EA suitable for evaluation phases and risk-restricted trading environments.
⚙️ Key Parameters
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Session start time and duration (in minutes)
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Session close time (optional)
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Breakout mode (single or dual breakout)
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Stop Loss and Take Profit as % of the session range
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Lot sizing method
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Day-of-week trading filters
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Prop Firm risk limits (optional)
All parameters are fully customizable to adapt the strategy to different markets and sessions.
📈 Recommended Markets & Timeframes
Markets:
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NAS100 / US100
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GER40
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US30
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XAUUSD
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Major liquid CFDs
Timeframes:
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M1 to M15 recommended
(The EA is time-based and does not depend on chart timeframe)
