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MT5 Time Range Breakout EA

FREE

Published: 25 July 2024

Current version: 1.5

MT5 Time Range Breakout EA

Experts
Priyanka Sahu
Version: 1.5
Updated: 8 August 2024

Source code only at 500 usd

The Time Range Breakout Strategy is an advanced, automated trading solution designed to capitalize on market movements within specific time intervals. Developed for the MetaTrader platform using MQL5, this strategy identifies key breakout points within a user-defined time range and executes trades accordingly. Here's a detailed description of the product for sellers:

Product Overview

Time Range Breakout Strategy

Product Highlights:

Automated Trading: Executes buy and sell orders automatically based on predefined parameters, reducing the need for constant market monitoring.
Customizable Settings: Offers a wide range of adjustable parameters, including trade volume, risk percentage, take profit (TP), and stop loss (SL) points, enabling traders to tailor the strategy to their specific needs.
Time Range Flexibility: Allows users to define start, end, and close times for the trading range, optimizing the strategy for different market conditions and trading sessions.
Advanced Features: Includes options for trailing stops, maximum trade limits per day, and order distance from the current price, enhancing the strategy’s adaptability and risk management.
Real-Time Market Analysis: Utilizes real-time market data to determine the highest and lowest prices within the specified time range, ensuring accurate and timely trade executions.

Key Features

Trade Settings:
- Enable or disable buy and sell trades.
- Specify trade volume and risk percentage.
- Set take profit (TP) and stop loss (SL) points.
- Choose the trading timeframe (e.g., M5, H1).
Range Time Settings:
- Define the start and end times for the breakout strategy.
- Set the close time for positions to ensure all trades are closed within the desired timeframe.
Frequency Settings:
- Limit the maximum number of long and short trades per day.
- Set the order distance from the current price and allowable slippage and spread.
Advanced Trading Features:
- Trailing Stop: Automatically adjusts the stop loss level to lock in profits as the market moves in your favor.
- Custom Magic Number: Assign a unique identifier for the strategy to distinguish it from other trading activities.
Visual Chart Objects:
- Displays key breakout range information directly on the chart, including range start and end times, and high and low prices.

Benefits

Efficiency: Automates trading decisions based on robust algorithmic rules, saving time and reducing manual intervention.
Precision: Utilizes real-time data and precise calculations to identify optimal entry and exit points, enhancing trade accuracy.
Customization: Highly adaptable to different trading styles and risk preferences, allowing traders to fine-tune the strategy.
Risk Management: Incorporates advanced risk management features, such as trailing stops and maximum trade limits, to protect against market volatility.

Ideal For

Day Traders: Who need a reliable strategy to capitalize on intraday market movements.
Part-Time Traders: Looking for an automated solution to manage trades while they are not actively monitoring the market.
Professional Traders: Seeking to add a sophisticated breakout strategy to their trading arsenal for enhanced performance and diversification.

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