Range Breakout Bot

This MT4 version is no longer maintained due to the ongoing transition from MT4 to MT5 trading accounts. For the latest features, improvements, and ongoing updates, please use the MT5 version of this Expert Advisor. Get the MT5 version here!

Automate your range breakout strategy!

The "Range Breakout Bot" is a powerful tool designed to automate your range breakout trading strategy with precision and ease. Whether you're a seasoned trader or just looking to streamline your trading routine, this bot is the perfect companion to help you capitalize on market volatility when prices break out of a defined range. The bot alerts you or opens positions automatically when a breakout occurs, ensuring you never miss an opportunity to profit from strong price movements.

One of the standout features of the Range Breakout Bot is its flexibility. The range used to detect breakouts is fully customizable, allowing you to define both the duration and amplitude of the range as well as the breakout distance. This level of control ensures that the bot can be tailored to suit any market conditions or personal trading preferences, giving you the freedom to set precise parameters for optimal trade entries.

To further refine your strategy, the bot includes additional filters, such as a third moving average, the RSI indicator for momentum analysis, and pivot points to confirm breakouts. These tools help to filter out false signals, allowing you to focus only on the most promising breakout opportunities.

In addition to its powerful entry logic, the Range Breakout Bot features a comprehensive order management system that gives you complete control over your trading. You can choose specific trading days, decide between fixed lot sizes or risk management based on a percentage of your capital, and set stop trading limits if predefined profit or loss targets are met. These features ensure that your trading is not only automated but also aligned with your risk tolerance and goals.

The bot also includes advanced functions such as Break Even, Trailing Stop, and even the ability to open additional positions when in profit, helping you maximize gains while minimizing risk. This makes the Range Breakout Bot a fully equipped solution for traders who want to take advantage of breakouts without constantly monitoring the markets.

If your strategy revolves around trading range breakouts, this bot will allow you to automate the entire process, from range identification to order management, so you can focus on other aspects of your trading or even step away from the screen entirely. With the Range Breakout Bot, your trading becomes more efficient, precise, and stress-free.

  • The default settings are for the EURUSD pair, but you can change the settings to suit your strategy.
  • For backtests, use ‘only_symbol_on_the_chart' mode for the 'Symbols' parameter.
  • The chart can be opened in any timeframe, the timeframes entered in the settings will be used for calculations regardless of the chart timeframe.
  • The EA can also be used only as an indicator to receive range and range breakout alerts.
  • Warning: before using this EA, please read its documentation on this page.

    Functionalities of the EA:

    Alerts:
    • Customizable range and range breakout (see the 2nd screenshot on this page to understand how it works).
    • Additional filters based on a moving average and pivot points.
    • Terminal alerts and smartphone notifs separately customizable for indicator and trading alerts.
    • Activation/deactivation for each day of the week with start- and end-time.
    Trading:
    • Lots size in % of current balance account (+ current profits) or fixed lots.
    • Break even, trailing stop and grid system options.
    • 1 main order at the time by symbol + max simultaneous orders for multi-symbol modes.
    • Possibility of stopping the trading session once the max losses and/or max wins have been reached (account balance + current profits) during the day.
    • Option to close all bot orders before the weekend with the choice of time.
    • Max allowed spread and slippage.
    • Auto adjustment of min SL/TP and nearest lot size in case of user’s error.
    • Security alert in case of risky money management.
    • Possibility of stopping the EA if the maximum drawdown is reached (useful for speeding up optimization backtests).
    Other:
    • Compatibility to backtests (use ‘only_symbol_on_the_chart' mode).
    • Works with any symbol (forex/indices/CFDs/crypto...) in 'symbol of the chart' mode.

    For any questions or suggestions, please leave a comment!


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    AW Trading Software Limited
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    MQL TOOLS SL
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    Vasiliy Strukov
    5 (13)
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    Syarief Azman Bin Rosli
    4 (3)
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    MQL TOOLS SL
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    Connor Michael Woodson
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    Ahmad Sidik
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    Leonid Arkhipov
    5 (1)
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    Ignacio Agustin Mene Franco
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    Shane Lee
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    AW Trading Software Limited
    4.5 (8)
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    Dmitriq Evgenoeviz Ko
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    Vasiliy Strukov
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    Soolmaz Baramakeh
    5 (1)
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    Daniel Moraes Da Silva
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    Ramil Minniakhmetov
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    Anatoliy Lukanin
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    Vasiliy Strukov
    5 (3)
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    Lachezar Krastev
    5 (2)
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    Dark Gold
    Marco Solito
    4.69 (91)
    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
    Gold Challenger EA一个以BeiDou Trend EA 为基础的新EA已经上线。适用于XAUUSD等高波动率品种。 Gold Challenger EA依然采用突破的方法, 突破交易是一种很古老的方法,1900年代,自利弗莫尔开始,这种方法就已经被广泛使用,至今已经120多年,这种方法始终有效,尤其适合波动率较高的XAUUSD、Gold。 我的投资生涯初期一直在使用突破这种方法在XAUUSD上获取利润,我熟练这种方法,古老、简单、有效。 在使用BeiDou Trend EA 的过程中,我注意到很多时候,EA打开了正确的订单,获利也经常超出某个数值,但是没有达到一个很高的盈利,最终订单触发止损,因此有没有一种可能,让每个订单获取小的利润,提高胜率而取得成功?答案是有,方案是可行的。新的EA将被命名为Gold Challenger,它是一个基于突破趋势的、纯粹的短线EA,每笔订单只获取300点子利润,这仅仅是BeiDou Trend的3000点子利润目标的十分之一,不过Gold Challenger有非常多的订单和更高的胜率,更小的止损,更短的亏损周期,更平稳的增长。现
    Chaos Algo Trading EA
    Stefano Frisetti
    3.67 (3)
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    Matthieu Jean Baptiste Wambergue
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    MA crossing bot
    Matthieu Jean Baptiste Wambergue
    5 (7)
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    Matthieu Jean Baptiste Wambergue
    This MT4 version is no longer maintained due to the ongoing transition from MT4 to MT5 trading accounts. For the latest features, improvements, and ongoing updates, please use the MT5 version of this Expert Advisor. Get the MT5 version here ! Automate your MACD strategy! This EA alerts and/or places orders according to MACD strategies with additional filters. It means that you can use it by 2 different ways: Receive alerts based on your MACD strategy with filters on multiple symbols simultaneou
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    Matthieu Jean Baptiste Wambergue
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    Matthieu Jean Baptiste Wambergue
    4.63 (8)
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    Range Breakout Bot MT5
    Matthieu Jean Baptiste Wambergue
    Get the MT4 version here ! Automate your range breakout strategy! The "Range Breakout Bot" is a powerful tool designed to automate your range breakout trading strategy with precision and ease. Whether you're a seasoned trader or just looking to streamline your trading routine, this bot is the perfect companion to help you capitalize on market volatility when prices break out of a defined range. The bot alerts you or opens positions automatically when a breakout occurs, ensuring you never miss a
    Multisymbol EA
    Matthieu Jean Baptiste Wambergue
    5 (1)
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    MACD Trading MT5
    Matthieu Jean Baptiste Wambergue
    Automate your MACD strategy! This EA alerts and/or places orders according to MACD strategies with additional filters. It means that you can use it by 2 different ways: Receive alerts based on your MACD strategy with filters on multiple symbols simultaneously in a single chart window; Choose the fully automated mode and let EA place orders based on your MACD strategy, filter choice and money management. This EA works with all broker symbols and contains multi-symbol modes (market monitoring, ma
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    Matthieu Jean Baptiste Wambergue
    5 (1)
    Get the MT4 version here ! Automate your price vs moving average strategy! The Price MA Crossover EA is the ideal solution for traders who rely on price crossing a moving average as their core trading strategy. This powerful tool automates the entire process, alerting you or executing trades automatically whenever the price crosses a moving average of your choice. Whether you're a day trader, swing trader, or long-term investor, this bot takes the hassle out of constantly monitoring the markets
    The Dow Jones Killer MT5
    Matthieu Jean Baptiste Wambergue
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