Advanced Range Breakout MT4

The Advanced Range Breakout MT4 is a trading robot that allows traders to effectively trade breakouts with precision. This expert advisor (EA) focuses on entering breakouts as soon as the price moves over them, utilizing a tight trailing stop loss (TSL) to capture the explosive price movements associated with breakouts while protecting the trade if it turns out to be a fakeout.

There are two main ways to use this EA: tight stop loss (SL) and TSL with risk management activated, or wide SL and TSL. The former allows the EA to work with larger lot sizes while keeping potential losses under control. In this case, the EA aims to take advantage of the explosive price movement with a big position if the breakout occurs. The latter scenario gives the price more room to move, allowing traders to follow a significant part of the new trend movement.

The Advanced Range Breakout EA works with buy and sell stops to execute orders as soon as possible. Traders can see where the orders are placed and decide if they agree with taking that trade. Additionally, the EA offers a high level of customization, allowing users to modify parameters to match their manually planned trades.

It’s important to note that the Advanced Range Breakout EA does not use any Martingale or Grid strategies. The risk taken by each trade is defined before execution. However, it’s crucial to use appropriate settings to avoid blowing up your trading account, as with any trading strategy.

After purchasing the EA, it is recommended to reach out to the developer for assistance with installation, configuration, understanding the advisor, and finding the best settings for the desired currency pair. The EA also offers other features such as capital protection, risk management, kill zones, and multiple stop loss and take profit modes.

The screenshots below showcase some settings for EURUSD and GBPUSD:

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Users can watch independent testing of this product on the forexroboteasy.com website. They can also subscribe to updates on the results of testing this product to stay informed about its performance.

We invite readers to share their experiences of using the Advanced Range Breakout MT4 EA. Your feedback and insights can provide valuable information to other traders considering this product.