What is Range Breakout Day Trader?
Range Breakout Day Trader is an Expert Advisor (EA) for automated trading work on MetaTrader 4 platform. Designed for day trading the USDJPY pair on the M5 timeframe during the European trading session. It employs a daily range breakout strategy without relying on risky techniques like Grid, Hedge, or Martingale. This EA focuses on safety, reliability, and consistency through robust risk management, trend filtering, trailing stops, and notification-based interventions. It offers a controlled and automated trading solution suitable for both beginners and advanced traders.
Vendor website: Click see here
Original price: $129
ForexEAshop price: $19 (You Save 86%)
Key Takeaways:
- The Range Breakout Day Trader EA specializes in day trading the USDJPY pair on the M5 timeframe, using a daily range breakout strategy during the European trading session.
- This Expert Advisor prioritizes safety and reliability by avoiding high-risk recovery strategies like Grid, Hedge, or Martingale, and implementing robust risk management features such as stop-loss protection and equity drawdown control.
- The EA optimizes profits through integrated trailing stops, trend filtering, and notification-based alerts, providing an automated yet controlled approach to trading for both beginner and advanced traders.
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About The Author
This Expert Advisor is developed by Aroen Mughal. A developer and seller on the MQL5 platform, known for creating Expert Advisors (EAs) and trading solutions for the MetaTrader platform. Their work emphasizes safe and reliable trading strategies, avoiding high-risk approaches like Grid, Hedge, and Martingale. Aroen Mughal’s products, including the Range Breakout Day Trader, are designed to cater to both beginner and advanced traders by providing efficient and controlled automated trading tools.
Range Breakout Day Trader Features
- Used on platform: Meta Trader 4.
- Curency pairs: USDJPY.
- Time frame: M5.
- Minimum deposit: $100.
- Expert Advisor trading automated 100%.
- Leverage 1:500 (if using high risk settings).
- It is important to use low spread accounts for best results.
- Account type: ECN, Raw or Razor with very low spreads.
- 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.
- Recommend use VPS (Click see here).
Range Breakout Day Trader Reviews
Experts Advisor on RoboForex-Pro account 1:500 Profit 85%
Maximum drawdown: 22.2%
Max deposit load: 101.8%
Loss Trades: 38.9%
Profit Trades: 61.1%
Algo trading: 95%
Range Breakout Day Trader Backtests
Recommend Settings
Features | Type |
---|---|
Trading Platform | MetaTrader 4 (MT4) |
Currency pairs | USDJPY |
Time Frame | M5 |
Minimum deposit | $100 |
Recommend Leverage | 1:500 |
Trading | Expert Advisot trading automated 100% |
Trader | Suitable for Beginners and professional traders |
Broker | Broker Compatibility Any broker |
Product type | Without DLL |
Virtual private server (VPS) | Recommned Use VPS |
How to install and run the Range Breakout Day Trader Trading Bot in Metatrader 4?
- Open the Metatrader 4 platform
- From the top menu, click on “File”
- Now click on “Open Data Folder”
- Open the “MQL4” folder
- Open the “Experts” folder
- Copy the Range Breakout Day Trader.ex4 file here
- Then close and restart the MT4 platform
- Attach the Expert Advisor to the chart
Now, you are ready to start using the Range Breakout Day Trader MT4 v2.2 Without DLL!
You can watching How to video set Range Breakout Day Trader:
Range Breakout Day Trader Downloads
Link download Range Breakout Day Trader MT4 v2.2 Without DLL will be sent to your email after purchase.
+ Expert :
- Range Breakout Day Trader.ex4
- Unlimited / NoDLL / Build New
- Support Prop Firm
- Free 1 Year Updates
Payments
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Shopping Guide and Important Information
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Please read and agree to the information below before purchasing our products:
Beginner traders should research and learn about trading before using any EAs.
Please make sure you understand the risks involved with trading and that past performance is no guarantee for future results. (EA could also make losses).
The product does not guarantee profits and demands resilience, patience, and a positive attitude in forex trading.
Before use, please test the EA on a demo account first.
Happy trading!