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Range Breakout EA MT4

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Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
30-Day Profit: 0%
7-Day Profit: 0%
Support: 24ั…7 via Telegram
Test it Free๐Ÿš€
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 0%
7-Day Profit: 0%
Support: Developer
Test it Free๐Ÿš€

What is Range Breakout EA MT4?

  • Range Breakout EA is an automated trading robot designed for MetaTrader 4.
  • This EA identifies breakout opportunities by analyzing high and low price ranges over defined time frames.
  • It is particularly effective during specific trading sessions, capitalizing on volatility bursts after times of consolidation.
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    Key Features

  • Fixed Lot Size: Allows traders to set constant lot sizes for each trade, managing risk effectively.
  • Martingale Option: Traders can opt to use the Martingale strategy, increasing lot sizes after losing trades.
  • Time-Based Trading: Trades are activated only within specified periods (e.g., 08:00 to 18:00), minimizing risks associated with low liquidity.
  • Stop Loss and Take Profit: These can be configured as multipliers of the identified range, allowing for adaptable risk management.
  • Trailing Stops: Protects profits by adjusting the stop-loss level as trades move favorably.
    • ๐Ÿ“ˆ

    How Does It Work?

  • Defines a daily range by identifying the highest and lowest prices within the selected time interval.
  • Waits for the price to breach the upper or lower bounds of this range to trigger buy or sell orders respectively.
  • Monitors market conditions to apply trend filters, ensuring trades align with prevailing market momentum.
  • Implements robust risk management techniques including configurable stop-loss, take-profit levels, and trailing stops.
    • โš™๏ธ

    Examples of Use

  • Trading EUR/USD by setting a daily range from 00:00 to 12:00 GMT can effectively capture significant price movements.
  • Most effective on currency pairs like USD/JPY and GBP/JPY, particularly during high liquidity sessions.
  • Suitable for both novice and experienced traders, with customizable settings to match different risk appetites and trading styles.

    • Conclusion

  • Range Breakout EA MT4 represents a sophisticated yet user-friendly approach to automated trading in the Forex market, balancing risk and reward effectively.
  • With features like time-based trading and customizable risk management, it caters to a wide range of traders looking to enhance their strategy effectiveness.

    • Are you ready to dive into the world of breakout trading with the Range Breakout EA MT4? Is it a game-changer or just another overhyped robot? Buckle up, because weโ€™re about to strip this EA down to its core and see if it really deserves the accolades itโ€™s receiving! It's mar ...

    Release Date: 12/10/2022

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