Range Breakout Bot
- Experten
- Matthieu Jean Baptiste Wambergue
- Version: 2.2
- Aktualisiert: 8 November 2024
- Aktivierungen: 20
Automate your range breakout strategy!
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. The EA can also be used only as an indicator to receive range and range breakout alerts.
Functionalities of the EA:
- 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.
- Lots size in % of current balance account (+ actual 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 + actual 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).
- 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!