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Time Range Breakout trustfultrading
Find the Right Edition That Fits You


Scalperology Ai MT5
BUY 🎁
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:
42.13%
7-Day Profit:
38.92%
Support:
24х7 via Telegram
Breakopedia Ai MT5
Profit EA🚀
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:
34.79%
7-Day Profit:
26.8%
Support:
Developer
Understanding Time Range Breakout
The Time Range Breakout strategy is a popular trading method that capitalizes on price movements outside a predefined time range. This strategy is designed to identify periods when the market is likely to make significant moves, often after a period of consolidation.Key Features of Time Range Breakout
- Identifies price ranges with clear support and resistance levels.
- Waits for price to break above resistance or below support.
- Utilizes Exponential Moving Average (EMA) to filter trades in the direction of the trend.
- Employs trailing stop loss to protect profits.
- Offers fixed lot size or Martingale strategy options.
Trading Parameters
- Range Start and End Time: Defines the time period for identifying the range.
- Take Profit and Stop Loss: Calculated as multipliers of the range width.
- Order Size: Can be fixed or a percentage of the account balance.
- Volatility Filter: Prevents trades during high volatility periods.
- Daily Drawdown Control: Stops trading if a maximum drawdown is reached.
Popular Strategies
- USDJPY breakout from the Asian Range.
- EURUSD London Session opening breakout.
- US100 New York session opening breakout.
Advantages and Disadvantages
- Advantages:
- Simple and effective strategy.
- Works well in trending markets.
- Customizable settings for different trading styles.
- Disadvantages:
- May generate false signals in choppy markets.
- Requires careful monitoring and adjustment of parameters.
Examples of Time Range Breakout EAs
- Range Breakout Expert Advisor: Trades breakouts within a specified time range, uses EMA for trend detection, and offers trailing stop loss.
- Step Ahead EA: Flexible with many parameters, suitable for trading various range breakout strategies, and includes daily drawdown control.
- Smart TimeRange Breaker: Trades major pairs and indices, avoids grid and martingale strategies, and offers extensive customization options.
User Experience and Reviews
- Users appreciate the simplicity and effectiveness of the strategy.
- Some users report success in passing prop firm challenges using these EAs.
- Criticism often revolves around the need for continuous parameter adjustments and the risk of false breakouts.