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Advanced Range Breakout MT5 is an expert advisor (EA) designed to trade breakouts in the forex market. It offers a unique approach to trading by focusing on capturing explosive price movements while protecting trades from potential fakeouts. This powerful software is a game-changer for traders looking to take advantage of breakout opportunities.
Unleashing the Power of Breakouts
The MT5 version of Advanced Range Breakout allows traders to enter breakouts in a way that would be impossible for any human being. By swiftly executing trades as soon as the price moves over breakout levels, this EA aims to capture as much of the explosive price movement as possible. It also employs a tight trailing stop loss (TSL) to protect trades and minimize potential losses.
There are two main ways to use this EA:
Tight SL and TSL with Risk Management Activated
This approach enables the EA to work with larger lot sizes while keeping potential losses under control. The goal here is not to capture a significant portion of the new trend but rather to capitalize on the explosive price movement with a larger position if the breakout occurs.
Wide SL and TSL
By giving the price more room to move, this scenario allows traders to follow a substantial part of the new trend movement. The EA takes care of active management, making it ideal for traders waiting for a breakout to occur.
Advanced Range Breakout utilizes buy and sell stops to execute orders promptly. This feature provides transparency, allowing traders to see where the orders are placed and decide whether to take the trade. Furthermore, the EA offers a high level of customization, allowing users to modify parameters to match their manual trading strategies.
Capital Protection and Risk Management
One of the standout features of Advanced Range Breakout is its focus on capital protection and risk management. Unlike strategies that employ Martingale or Grid techniques, this EA defines the risk taken by each trade before execution. However, it is essential to exercise caution and avoid using overly aggressive settings, as with any form of trading.
Upon purchasing the EA, the developer offers assistance with installation, configuration, and understanding the advisor. This personalized support ensures that users can optimize the settings for their desired currency pairs.
Advanced Range Breakout boasts several additional features that enhance its functionality:
- Capital protection
- Risk management
- Kill zones
- Four SL and TP modes
- If the TSL is not allowed in the terminal, the EA will take the closest TSL possible
- Ability to manage the number of simultaneous trades
The screenshots provided showcase some settings for EURUSD and GBPUSD, giving traders an idea of the software’s versatility.
For independent testing and updates on the results of using this product, traders can visit forexroboteasy.com. The website offers valuable insights and analysis that can assist in making informed trading decisions.
We invite readers to share their experiences using Advanced Range Breakout. By engaging in a community of traders, we can collectively learn and grow in our trading endeavors.
Please note that this review is an independent evaluation of the product and not associated with any specific entity. The focus is on providing objective information and analysis to assist traders in their decision-making process.