Range Break
- Experten
- Kanene Katongo
- Version: 1.5
Range Breaker EA – Smart Breakout Trading with Adaptive Cost Averaging
Range Breaker EA is a fully automated trading robot designed to capture breakouts from custom time-based price ranges. It is ideal for traders who want to automate their breakout strategies and benefit from volatility during key market sessions.
Key Features:
- Time-Based Range Detection:
- Define custom start and end times, allowing the EA to identify high and low price ranges and await breakout opportunities.
- Flexible Trade Types:
- buy only
- sell only
- both directions, tailoring the EA to your specific market strategy.
- Advanced Grid & Scaling Options:(Available in Pro version)
- Go beyond simple grid trading with sophisticated cost averaging and scaling strategies.
- Control your dynamic lot sizes to maximize gains, spacing, and the number of trades to manage risk effectively.
- Multiple Stop Loss Modes: (Available in Pro version)
- Choose from no stop (manual control)
- equity stop (account equity-based)
- opposite range stop
- fixed pip stop.
- Take Profit Choices: (Available in Pro version)
- Select a time-based exit
- equity target
- fixed pip target for automated profit-taking.
- Versatile Trailing Stops: (Available in Pro version)
- Utilize simple
- breakeven
- range-based trailing stops to secure profits as the market moves.
- Visual Dashboard:
- Monitor key information, including range, trade status, and account statistics, directly on your chart.
- Custom Appearance:
- Personalize the chart's look with customizable colors and line styles for the range and dashboard.
- Unleash the Power of Adaptive Cost Averaging: (Available in Pro version)
- The Range Breaker EA's cost averaging isn't just a basic grid – it's a dynamic system designed to optimize your entries and maximize profit potential:
· Normal Cost Averaging :
- Reduce your average entry price by strategically adding positions on calculated retracements.
· Dynamic Scaling In :
- Automatically adjust position sizes based on market momentum, amplifying your gains as the trend strengthens. The EA intelligently scales into winning positions.
How It Works:
1. The EA defines a price range based on your specified time window.
2. Upon a breakout above or below this range, a trade is initiated.
3. The EA manages the trade using your chosen stop loss, take profit, and trailing stop settings.
4. Trades are automatically closed based on time, profit targets, or risk controls.
Easy to Use: Simply configure your preferred times, risk settings, and trade type, and the EA takes care of the rest!
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MT5 Version = Range Breaker
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