Advanced Range Breakout
- Experts
- Torsten Busch
- Versione: 1.0
Short Summary
Advanced Range Breakout is the free single-symbol base version of the ORB Evolution multi-symbol EA.
The focus is on a lean, robust range-breakout core logic with AB/PR setups and clear risk and time management.
Trading is executed exclusively with market orders—no pending orders.
Features
- Advanced Range Breakout (Single-Symbol) trades daily session ranges: the range is built with a configurable start offset and duration, and trades are taken only within a defined trading window.
- Two entry modes: Acceptance Breakout (AB) and Pullback Retest (PR).
- Optional quality filter: signals are only valid if a candle closes outside the range (reduces fakeouts).
- AB confirmation: the breakout must hold outside the range for N closing candles (anti-whipsaw).
- PR logic: waits for a pullback into the range (depth in %) and a time-limited rebreak.
- Risk-based position sizing: lot size is calculated so the maximum loss per trade is limited to RiskPercent.
- Range-based SL & fixed RR-TP: Stop-Loss scales with the range (SlRangeRatio), Take-Profit = SL × RR.
- Daily safety rules: optional one trade per day, plus optional end-of-day or fixed-time closing.
A description of the inputs and settings for USDJPY can be found in my blog post:
Note on the paid version “ORB Evolution (Multisymbol)”
The paid ORB Evolution version is the logical next step after Advanced Range Breakout.
It is a multi-symbol EA featuring a news guard, extended time/session models, additional filters (ATR/ADX, range/cost/candle quality), an exposure overlay, and chart visualizations of ranges, trading times, and SL/TP levels for a selected single symbol.
Screenshots
Screenshots from 1 - 4 show backtests for USDJPY with real tick data:
- Acceptance Breakout with 1 confirmationbar (Graph)
- Acceptance Breakout with 1 confirmationbar (Backtest)
- Pullback Retest Breakout (Graph)
- Pullback Retest Breakout (Backtest)
Risk Disclaimer / Liability Notice
This Expert Advisor (EA) is a software tool for informational and automation purposes and does not constitute investment advice.Trading Forex/CFDs and other derivatives involves high risk and may result in the total loss of invested capital.
Past performance, backtests, and optimizations are not a guarantee of future results.
Live trading results may differ significantly due to spread, slippage, commissions, execution speed, data quality, broker feeds, VPS/latency, trading sessions, symbol specifications, and parameter selection.
The user is solely responsible for setup, parameters, risk/money management, and compliance with local laws and broker rules.
Use at your own risk. It is recommended to test the EA on a demo account first and to use conservative risk settings.
