Range Breakout Strategy
- Experts
- Luar Ugartemendia Goenaga
- Version: 1.0
- Activations: 5
Unlike many other programs on the mql5 market, this is a REAL trading strategy. It does not use any martingale or grid functionality and follows a logical concept.
The Range Break Expert Advisor can be used to trade time ranges. The market often finds its direction in the morning and then follows this trend throughout the day. This expert advisor is designed to trade these trends after the breakout of the range set up. Still, you can trade all kinds of time breaks with this program.
I have been using the strategy on a live trading account for many years and this past year has been the best yet. For my live trades I use a very small lot size, but this could of course be increased.
Best inputs for this strategy are the ones shown in the images on EURUSD for the past 5 YEARS. Enough time and amount of entry signals to prove that the system works in the market.
Higher results can be obtained by modifying the lot size, generating more money in the long term.