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AS Range BreakOut

4

This simple range breakout trading strategy is a popular approach to profit from the movement of prices in financial markets. This strategy aims to identify a price range that a particular asset has been trading within and then wait for a breakout of that range to take place.

The basic idea behind this strategy is that once the price of an asset breaks out of its established range, it is likely to continue in that direction, leading to a profitable trade. 

Once the range has been identified, we wait for a clear breakout above or below the range to occur. We then enter into a trade in the direction of the breakout, placing a stop-loss order below the breakout level to limit potential losses.

This is not a money printer but works fine for me in the German DAX for a while now. Oil is also interesting for this strategy. No grid or martingale system is involved.

Parameters that can be user defined:

  • Lotsize (fixed)
  • Timeframe
  • Rangesize and parmeters
  • ATR assistance to detect breakouts
  • SL (fixed, moving average, trailing or "smart")
  • optional MACD exit strategy
  • Take profit (fixed or "smart")
  • Maximum allowed spread
  • Timefilter to avoid trading a gap after market opens

You have to do your own testing and find your own parameters. An example that is working for me in German DAX is attached in the screenshots. 

If you are stuck, feel free to drop me a message. Before you buy: Get a demo and do some testing! 




Comentarios 3
AnongKittipong
58
AnongKittipong 2024.07.21 12:29 
 

good one

raffiek
143
raffiek 2024.02.16 13:43 
 

Dear Andre, I'm terribly sorry I thought the review that was requested by mql5 was for the Opening Range Breakout EA which I had purchased recently. my apologies. Please ignore this review, I had the Breakout EA's mixed up.

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Estimados Comerciantes, Estoy muy complacido de presentarles nuestro último proyecto. EA BitBull . ¡El comercio real de criptomonedas ahora es una realidad! Señales: Señal en vivo 1 Debido a que esta estrategia es tan única, solo quiero vender un número limitado de licencias. Por lo tanto, el precio aumentará gradualmente para limitar las ventas. El próximo precio es  790 USD . Con la ayuda de nuestros estimados socios de todo el mundo, hemos logrado desarrollar una estrategia de criptografí
Versión MT4: https://www.mql5.com/en/market/product/104871 Monitoreo de rendimiento del desafío HFT MT5 (no para cuentas reales): Corredor: Fusion Market Inicio de sesión: 89600 Contraseña: Greenman89$ Servidor: FusionMarkets-demo Más de 700 reseñas auténticas de 5 estrellas para la versión MT4 lanzada anteriormente: https://www.mql5.com/en/market/product/104871?source=Unknown#!tab=reviews Canal público: https://www.mql5.com/en/channels/hftpropfirmea Versión MT4: https://www.mql5.com/en/market/p
Diamond Titan FX
Lo Thi Mai Loan
4.6 (20)
Hola, soy Diamond Titan FX. Este EA está diseñado especialmente para pares US30. El EA no utiliza ninguna estrategia arriesgada como Martingale o Grid. Por defecto, el EA establece un SL fijo de 50 pips para cada operación, pero puedes cambiarlo si lo deseas. El EA también implementa un trailing stop que asegura ganancias desde 10 pips, que también puedes modificar. Cuenta con una función de gestión de drawdown para toda la cuenta. El EA incluye una opción de filtro de noticias si deseas desact
ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. - REAL SIGNAL: Default Setting:  https://www.mql5.com/en/signals/2251841 Gold Scalper Trading is an EA that uses a complex trading methodology that includes cross-market analysis to find scalpable entry points with XAUUSD, one of the market's wildest running pairs. EA uses stop loss for all orders, only 1 order and does not use any dangerous trading methods: No grid, no martingale,... Gold Scalper Trading is o
XG Gold Robot MT5
Marzena Maria Szmit
4.35 (75)
The XG Gold Robot MT5 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price Action, Cycle S
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AnongKittipong
58
AnongKittipong 2024.07.21 12:29 
 

good one

dchanner
164
dchanner 2024.06.29 20:39 
 

There's definitely something to be had here but this implementation comes with little or no explanation of the options. In fact, some of the options just don't make any sense. Having watched the EA in visual mode, I still cannot fully work out what it is doing. All that is needed is a simpler EA to find ranges and then either trade the break-out or break & retest with fixed SL and TP.

Andre Schinkel
1502
Respuesta del desarrollador Andre Schinkel 2024.07.01 19:40
Hey dchanner, it should exactly trade breakouts of a range. What is the exact problem you ran into? Feel free to PM me. I will be happy to look into it. Cheers,
Andy
raffiek
143
raffiek 2024.02.16 13:43 
 

Dear Andre, I'm terribly sorry I thought the review that was requested by mql5 was for the Opening Range Breakout EA which I had purchased recently. my apologies. Please ignore this review, I had the Breakout EA's mixed up.

Andre Schinkel
1502
Respuesta del desarrollador Andre Schinkel 2024.02.16 14:29
Dear Raffiek, I'm sorry you had trouble with the AS Range BreakOut Expert Advisor. I couldn't find your message in my inbox, which might have led to the miscommunication. Feel free to contact me over the MQL platform so I can personally assist you in resolving the issue. I'm committed to improving user experience and appreciate your feedback. Let's get the EA working for you as it already does for a few other people.
Respuesta al comentario
Versión 1.15 2023.05.07
* removed DynSL function since this is now handled better internally
* changed default MA SL timeframe