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Range Breakout EA with Range Filters

5

This bot utilizes a proven trading concept: markets often see significant movements during active periods, particularly around the London and New York sessions. Instead of predicting market direction, the strategy sets a range during the quieter Asian session hours and trades the breakout, riding the momentum until the New York session slows down.

Using the 1-minute timeframe, the bot enters trades at the start of the next candle after a breakout, ensuring realistic backtesting results without the need for specialized tick data. It also includes filters to avoid trading in exhausted markets, following the principle that breakouts are stronger after smaller price movements—a concept used by renowned trader Andrea Unger.

This strategy is especially effective in trending markets with significant intraday moves, such as XAU/USD, USD/JPY and BTC/USD, but can be applied to many other markets as well.


Prop Firm Ready: This EA works with both Prop Firm Challenges and Live Prop Firm Accounts.


Optimization Tips:

To achieve the best results with this EA, aim to create the range during the low-volatility hours of the Asian session. Then, set the bot to trade breakouts during the London session and close positions at the end of the New York session.

For convenience, screenshots are provided showing optimal settings for XAU/USD and USD/JPY, both optimized for GMT +3. Ensure you adjust your settings according to your local time zone to align with the recommended hours.



Got questions about setting up the bot? Feel free to reach out—I'm happy to help!



<General Inputs>

Trade Comment: A label for all trades made by the EA.

Magic Number: Unique identifier for the EA's trades.

Range Color: Color of the price range on the chart.

Entry Timeframe: Timeframe used for trade entries (recommended M1).

Chart Comments: Enables or disables comments on the chart.


<Risk Management>

Base Money: Reference account balance for calculating risk.

Risk Type: Method for calculating trade risk (Lots, underlying price percent, or percent based on stop loss distance).

Risk Percent/Lots: Amount of risk per trade (Percentage or fixed lots).

Stop Loss Type: Method for setting stop loss (Daily ATR value, underlying price percent, or range-based stop loss).

Stop Loss Multiplier: Sets the stop loss distance based on a percentage of the underlying price or ATR.

Allow Buy Trades: Allows buy trades to be entered by the EA.

Allow Sell Trades: Allows sell trades to be entered by the EA.

Allow 2 Trades Per Day: Enables up to two trades per day (if enabled, one buy and one sell trade are allowed; if disabled, only one trade is allowed).


<Range Start/End Time>

Range Start Hour: Hour when the EA starts identifying the price range.

Range Start Min: Minute when the EA starts identifying the price range.

Range End HourHour when the EA stops identifying the price range.

Range End Min: Minute when the EA stops identifying the price range.


<Trading Session End Time>

Trading Session End Hour: Hour when no more trades will be entered for the day.

Trading Session End Minute: Minute when no more trades will be entered for the day.


<Trade Close Time>

Trade Close Hour: Hour when open trade is closed.

Trade Close Minute: Minute when open trades is closed.


<Day Of The Week Filter>

First Trading Day Of The Week: Sets the first day to allow trades, starting from 1 (Monday) through 5 (Friday). For crypto, 6 is Saturday, and 0 is Sunday.

Last Trading Day Of The Week: Sets the final day to allow trades, with 5 being Friday. For crypto, 6 is Saturday, and 0 is Sunday.


<Breakout Range Filter>

Breakout Range Filter:  Blocks trades if the current day’s breakout range is too large or small.

Breakout Range Min Size: Minimum range size compared to the underlying price in percent.

Breakout Range Max Size: Maximum range size compared to the underlying price in percent.


<Yesterday Range Filter>

Yesterday Range Filter: Blocks trades if yesterday's total range is too large or small.

Yesterday Range Min Size: Minimum size of yesterdays total range compared to the underlying price in percent.

Yesterday Range Max Size: Maximum size of yesterdays total range compared to the underlying price in percent.


<Previous Day ATR Filter>

Previous Day ATR Filter: Prevents trading if yesterday's total range exceeded the daily ATR Filter.

ATR Filter Multiplier Max Size: The maximum allowed range for the previous day is the daily ATR multiplied by this value.


İncelemeler 3
XCITE1
66
XCITE1 2024.10.21 14:20 
 

Jimmy is just a smart guy. He help me with all my questions. Nice to see a guy here at mql5 woh is no scammer! The Bot works perfect! Thank you!

Arun95mk
19
Arun95mk 2024.09.27 19:01 
 

Among the crowded landscape of trading bots, this one shines. I've run it on several pairs, and the results have been consistently strong. It uses a solid range and breakout strategy, and each trade is supported by carefully set stop losses and time-based exits. This bot is efficient, reliable, and operates with precision. A rare find in the automated trading space—highly recommended!_

smooth_pips
164
smooth_pips 2024.09.21 20:48 
 

In an MQL Market that is full of grid & martingale bots, I am very pleased to find this bot. I use it on multiple pairs, it has a great win-rate and does not use either martingale or grid. It is built on a well-known and trusted breakout strategy. Every trade has a decent stop loss and take profit. Finally, a bot that trades how it should be done. I can only highly recommend this bot.

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Introducing CyBRG RX: The Next-Generation Trading Assistant Step into the future of trading with CyBRG RX, your cutting-edge trading companion designed to elevate your trading experience. Harnessing the power of advanced neural networks, CyBRG RX is engineered to analyze and adapt to ever-changing market conditions with unparalleled precision. Signals:   Live Signal 1 Live Signal 2 Because this strategy is so unique, I only want to sell a limited number of licenses. Therefore, the price
Introducing  Index Sniper Pro EA . It is a Fully Automatic Index US30 and S&P500(US500) System trading early US Open. No  Martingale,  No  Grid , No Averaging, No AI *******NEW FEATURES******* NAS100 Set File - WIP S&P500 Set File - Released  *******NEW FEATURE******* Buy only and Sell only Settings - Released Individual TSL and SL settings for Buy and Sell Orders - Released Current Price: $349--> (Next price $499) Live signal: With Default Settings on US30 and S&P500(US500) symbol https
Gold GPU
Maksim Dmitriev
2.63 (8)
Özel teklif 3 günlük fiyat $280   8 kopya satıldıktan sonra fiyat artacak (1 kaldı).   Normal Fiyat: $540   İndirimli Fiyat (sınırlı süre teklifi): $380 Herhangi bir sorunuz varsa, çekinmeden bana özel mesaj gönderin: https ://www.mql5 .com /en /users /abudabi (mesaj gönder) Genel Bakış      Trend Takip Uzman Danışmanı     Pazar trendlerini tanımak için yapay zeka kullanır.     10 yılı aşkın bir süredir gerçek tick verileriyle test edilmiştir ve stabil performans göstermiştir.     Danı
Forever Star
Xian Qin Ceng
4.67 (3)
Forever star   EA,   New Way Scalper'dan farklı bir gece saç derisi bakımıdır. New Way Scalper'ın tamamlayıcısıdır ve daha iyi sonuçlar elde etmek için birlikte çalışabilir.   Sonsuza kadar       Star EA,   15M veya H1'de kullanılır ve 15 veya daha fazla döviz çiftiyle işlem yapabilir. Herkes, zihnindeki en iyi kombinasyonu oluşturmakta özgürdür. Forever star EA'nın kullanımı basittir ve tek bir grafik kullanarak birden fazla döviz çiftinde işlem yapmanıza olanak tanır. Tüm parametreler zaten y
Boring Pips MT5
Thi Thu Ha Hoang
4.69 (26)
Çoğu uzman danışmanın neden canlı işlemlerde etkili olmadığını, mükemmel geri test performanslarına rağmen, hiç merak ettiniz mi? En olası cevap Over-fitting'dir. Birçok EA, mevcut tarihsel verilere mükemmel şekilde 'öğrenmek' ve uyum sağlamak için oluşturulur, ancak oluşturulan modelde genelleme eksikliği nedeniyle geleceği tahmin etmekte başarısız olurlar. Bazı geliştiriciler basitçe Over-fitting'in varlığından haberdar değillerdir veya biliyor olmalarına rağmen bunu önlemenin bir yolu yoktur
Dark Algo MT5
Marco Solito
4.97 (60)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
The Gold Reaper MT5
Profalgo Limited
4.28 (74)
PROP FİRMASI HAZIR!   (   SETFILE'ı indirin   ) PROMO BAŞLAT: Mevcut fiyata yalnızca birkaç kopya kaldı! Son fiyat: 990$ 1 EA'yı ücretsiz alın (2 ticari hesap için) -> satın aldıktan sonra benimle iletişime geçin Ultimate Combo Deal   ->   click here JOIN PUBLIC GROUP:   Click here New V2.2 Live Signal Old Live Signal Altın Reaper'a hoş geldiniz! Çok başarılı Goldtrade Pro'yu temel alan bu EA, aynı anda birden fazla zaman diliminde çalışacak şekilde tasarlanmıştır ve ticaret sıklığını ç
Birçok kişi XAUUSD alım satımını sever ve ben de bir istisna değilim. Biraz alım satım deneyimi ve sıkı çalışma biriktirdikten sonra, bu Apocalypse XAU EA'yı özellikle XAUUSD/XAUEUR/XAUGBP/XAUCHF /XAUJPY/XAUAUD gibi tüm XAU ile ilgili çeşitlerin alım satımı için yarattım. Bununla birlikte, birçok kişinin tüm XAU döviz çiftleriyle işlem yapması gerekmeyebileceği, yalnızca XAUUSD ticareti yapması gerektiği göz önüne alındığında, giriş seviyesi bir EA çok anlamlı hale gelir. Bu yüzden özellikle XAU
Gold Trade Pro MT5
Profalgo Limited
4.27 (33)
Tanıtımı başlat! 449$'dan sadece birkaç kopya kaldı! Sonraki fiyat: 599$ Son fiyat: 999$ 1 EA'yı ücretsiz alın (2 ticari hesap için) -> satın aldıktan sonra benimle iletişime geçin Ultimate Combo Deal   ->   click here Live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set File JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro, Altın ticareti EA'ları kulübüne katılıyor, ancak
Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ NOVITÀ: ottieni 1 EA gratis!   (per 2 account commerciali) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipende
Gold Harvest MT5
Abdul Jalil Mridah
4.33 (3)
Promotional s uper discount  for today   for few copies .  Prices may increase at any time. Final price will be 4999 USD. Set Files for Gold Harvest MT5   and  Live Signal Please just change Risk Level (1-80). No need other field change and Risk Level 2 = 2% risk for 1000 equity or above. It's only good works on XAUUSD H1 Timeframe. This robot is profitable. This robot requires minimum deposit of 100 equity. You can get good results with it. You can test it first . It will increase the volume i
Versione MT4: https://www.mql5.com/en/market/product/104871 Monitor delle prestazioni della sfida HFT MT5 (non per account live): Broker: Fusion Market Login: 89600 Password: Greenman89$ Server: FusionMarkets-demo Oltre 700 recensioni autentiche a 5 stelle per la versione MT4 rilasciata in precedenza: https://www.mql5.com/en/market/product/104871?source=Unknown#!tab=reviews Canale pubblico: https://www.mql5.com/en/channels/hftpropfirmea Versione MT4: https://www.mql5.com/en/market/product/104871
Aura Neuron MT5
Stanislav Tomilov
5 (3)
Aura Neuron, Aura serisi ticaret sistemlerini sürdüren özgün bir Uzman Danışmandır. Gelişmiş Sinir Ağları ve son teknoloji klasik ticaret stratejilerinden yararlanarak Aura Neuron, mükemmel potansiyel performansa sahip yenilikçi bir yaklaşım sunar. Tamamen otomatik olan bu Uzman Danışman, EURUSD ve XAUUSD (ALTIN) gibi döviz çiftlerinde işlem yapmak üzere tasarlanmıştır. 1999'dan 2023'e kadar bu çiftlerde tutarlı bir istikrar göstermiştir. Sistem, martingale, grid veya scalping gibi tehlikeli pa
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
Gold Trend Scalping'e Hoş Geldiniz LANS MANİPÜLASYONU: 1 günlük satış fiyatı $263.99. 24 saat sonra fiyat $333.99'a geri dönecek. Sonraki fiyat: 393,99 $ Son fiyat: 1993,99 $   CANLI SINYAL Gold Trend Scalping, özellikle altın için tasarladığım ilk EA'dir. EA, daha büyük zaman dilimlerine dayanan bir trend takip stratejisi kullanır. Büyük zaman dilimindeki ana trendi tespit etmek için süper trend kullanır ve ardından daha küçük zaman dilimlerinde işlemler açar. EA, her işlem için her zaman 10
Yazarın diğer ürünleri
The Turnaround Tuesday bot is based on a time-tested, well-known concept that has consistently proven its robustness over the long term. The strategy is built on a fundamental market principle: fear often creeps into the market after a weekend, when trading has been on pause for two days. This fear, coupled with the potential for significant news events over the weekend, can lead to a sharp gap down when the market opens on Monday. Historically, the market tends to bounce back from this initial
Introducing our ICT Trading Bot for MT5 A sophisticated solution designed to automate your trading. During the ASIA session, the bot identifies a customizable price range, allowing for strategic adjustments. Post-ASIA, it patiently awaits a liquidity grab above or below the established range. A key feature is the detection of a significant fair value gap candle in the opposite direction of the grab, its size measured against the ATR value. Subsequently, a limit order is strategically placed a
FTMO Risk Manager EA is designed to provide unparalleled protection for your trading account by securing you against common yet often overlooked drawdown risks that can result in account loss. This EA safeguards against three critical threats: Equity Drawdown Protection : The EA actively monitors your equity and ensures that if it falls below your set daily loss limit (e.g., 4% or 4.5%), it immediately closes all open positions. This prevents you from breaching FTMO's daily drawdown rules based
Filtrele:
XCITE1
66
XCITE1 2024.10.21 14:20 
 

Jimmy is just a smart guy. He help me with all my questions. Nice to see a guy here at mql5 woh is no scammer! The Bot works perfect! Thank you!

Jimmy Peter Eriksson
1001
Geliştiriciden yanıt Jimmy Peter Eriksson 2024.10.21 14:41
Yeah it is insane how many scammers there is in the trading industry selling bots for thousands of dollars that does not work at all.
Arun95mk
19
Arun95mk 2024.09.27 19:01 
 

Among the crowded landscape of trading bots, this one shines. I've run it on several pairs, and the results have been consistently strong. It uses a solid range and breakout strategy, and each trade is supported by carefully set stop losses and time-based exits. This bot is efficient, reliable, and operates with precision. A rare find in the automated trading space—highly recommended!_

Jimmy Peter Eriksson
1001
Geliştiriciden yanıt Jimmy Peter Eriksson 2024.10.21 14:32
Thank you for the review :)
smooth_pips
164
smooth_pips 2024.09.21 20:48 
 

In an MQL Market that is full of grid & martingale bots, I am very pleased to find this bot. I use it on multiple pairs, it has a great win-rate and does not use either martingale or grid. It is built on a well-known and trusted breakout strategy. Every trade has a decent stop loss and take profit. Finally, a bot that trades how it should be done. I can only highly recommend this bot.

Jimmy Peter Eriksson
1001
Geliştiriciden yanıt Jimmy Peter Eriksson 2024.09.21 22:09
Thanks! Glad to hear the bot’s working great for you!
İncelemeye yanıt
Sürüm 1.50 2024.11.05
Added Input "Allow Buy Trades" and "Allow Sell Trades".
Sürüm 1.40 2024.09.13
Improved risk management calculation for more accuracy.
Sürüm 1.30 2024.08.31
- Added Day Of The Week Filter
- Added Multiplier Input To Previous Day ATR Filter
Sürüm 1.20 2024.08.31
Fixed ATR Stop Loss Multiplier.
Sürüm 1.10 2024.08.29
Fixed "Breakout Range Min/Max" Input function.