Range Breakout EA
- Experts
- BM Trading GmbH
- Version: 1.36
- Mise à jour: 19 mai 2024
- Activations: 10
I use the strategy in a live trading account for many years now and so far it is doing really good. For my live trading I only use a very small lotsize of 0.02 lots per Trade but this could be increased of course.
You can check the myfxbook documentation if you search for the system with the name BM Trading Show 1. Use the custom analysis to filter magic number 1 (Range Breakout EA EURUSD) and magic number 5 (Range Breakout EA USDJPY).
The default settings of the program are the ones I use for USDJPY. For EURUSD I use the same settings but the time for the range is 09:00 - 10:30, orders will be cancelled at 20:55 and positions closed at 21:55. Please do your own testing!! These are only the settings that I use but there might be better settings. I cannot give any advice or recommendation here since I cannot predict future market movement.
<General Settings>
Timeframe Range Calculation: Chart timeframe used for range calculation (always use PERIOD_M1 for live trading and only change in tester if you do not have enough M1 data)
Trading Volume: Mode for the calculation of the lot size for each trade
Fixed Lots: Lot size for each trade if the fixed trading volume mode is chosen
Fixed Lots Per x Money: Uses "Fixed Lots" per each x amount of money in your trading account
Risk Percentage of Balance: The lot size for each trade will be calculated so that the set percentage of your account will be lost if the inital SL is triggered
Order Puffer Points (0 = No Puffer): Orders will be placed x points above and below the range
Target Factor (0 = No TP): The distance form the entry order price to the TP calculated as a multiple of the current range
Stop Factor (0 = No SL): The distance form the entry order price to the SL calculated as a multiple of the current range
<Time Settings>
Range Start Hour: Hour for the start time of the daily range
Range Start Minute: Minute for the start time of the daily range
Range End Hour: Hour for the end time of the daily range
Range End Minute: Minute for the end time of the daily range
Delete Orders Hour: Hour for the expiration time of pending orders
Delete Orders Minute: Minute for the expiration time of pending orders
Close Positions: Decides if open positions are closed at the close position time
Close Positions Hour: Hour for the close time of open positions
Close Positions Minute: Minute for the close time of open positions
<Trailing Stop Settings>
BE Stop Trigger Points (0 = Inactive): The Break Even Stop is activated as soon as a trade is more than the BE Stop Trigger Points in profit
BE Stop Puffer Points: The Break Even Stop will move the Stop Loss BE Stop Puffer Points in profit once it is activated
TSL Trigger Points (0 = Inactive): The Trailing Stop is activated as soon as a trade is more than the TSL Trigger Points in profit
TSL Points: The Trailing Stop will be trailed in this set distance behind the current market price
TSL Step Points: The SL will only be modified if it is at least this distance above the previous SL
<Trading Frequency Settings>
Max Long Trades: Maximum amount of buy trades on a single day
Max Short Trades: Maximum amount of sell trades on a single day
Max Total Trades: Maximum amount of trades on a single day
<Range Filter Settings>
Min Range Points: Ranges are ignored if they are smaller than the Min Range Points
Max Range Points: Ranges are ignored if they are bigger than the Max Range Points
<More Settings>
Range Color: Color of the range object in the chart
Order Comment: Commentary for every order the EA places
Magic Number: This number should be unique for every EA in your account since the EAs use it to identify their own trades
Chart Comment: Activates or deactivates the comment in the upper left corner of the chart
Debug Mode: Activate to see more information about the current EA state in the experts journal
I sent u a private message with my problem when i use this EA for exness. Hope u can help me solve it! Thanks