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Range Breakout Bot MT5

Get the MT4 version here!

Automate your range breakout strategy!

This EA alerts and/or places orders on range breakouts with additional filters. It works with all broker symbols and contains multi-symbol modes (market watch, major forex pairs or symbols in the list).

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.
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 (+ 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).
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!


See my other products here.


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Experten
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Profalgo Limited
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Version 2.0 2024.02.23
- Added 'Lot size in % for additional orders' parameter.
- Added Max drawdown function.
- Added RSI filter.
- Compatibility with all types of symbols (pips, points...).
- New strategy with EURUSD.