🔄 Overview
The Range Breakout EA MT4 is configured to trade breakouts from a defined price range. The settings panel highlights how the EA manages entries, risk, and exits with flexibility and control, making it suitable for both scalping and intraday strategies.
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🔑 General Settings
- Timeframe Range Calculation: 1 Minute – Ensures ultra-fast reaction to breakout levels.
- Trading Volume: Managed automatically (
VOLUME_MANAGED). - Fixed Lot: 0.01 (micro lot for safety).
- Fixed Lots Per $1000: 1 (scales with account size).
- Risk % of Balance: 0.5% – conservative risk management.
- Order Puffer Points: 0 (no buffer).
- Target Factor: 0 (no fixed Take Profit).
- Stop Factor: 1.0 (Stop Loss enabled relative to breakout).
👉 This setup prioritizes capital preservation by keeping lot sizes low and risk percentage at a minimal level.
🕒 Time Settings
- Range Start: 00:00 → Range End: 07:30 – Defines the breakout zone during Asian session.
- Delete Orders Hour: 18:00 – Removes pending orders after daily volatility fades.
- Close Positions: Enabled at 18:00 – Ensures no overnight trades, reducing swap costs and gap risks.
👉 This indicates the EA is designed for day trading only, avoiding overnight exposure.
📉 Trailing Stop Settings
- Break-even (BE) Stop: 0 (inactive).
- BE Puffer Points: 10 (small buffer for BE moves).
- Trailing Stop (TSL) Trigger: 0 (inactive).
- TSL Points: 100 (active trailing stop for profitable trades).
- TSL Step: 10 (dynamic adjustment as trade moves in profit).
👉 The EA combines protective trailing stops with flexible breakeven logic, allowing trades to lock in profits during strong breakouts.
🔄 Trade Frequency Settings
- Max Long Trades: 1
- Max Short Trades: 1
- Max Total Trades: 2
👉 Prevents overtrading and maintains controlled exposure to the market.
📏 Range Filter Settings
- Min Range Points: 0
- Max Range Points: 10,000
👉 Allows the EA to adapt to a wide variety of market conditions without being restricted to narrow ranges.
🎨 Additional Settings
- Range Color: Aqua (for chart visualization).
- Magic Number: 111 (unique identifier for trades).
- Chart Comment: Enabled (displays live info).
- Debug Mode: Disabled (live performance mode).
✅ Conclusion
The provided configuration shows that the Range Breakout EA MT4 is designed for low-risk intraday trading, with strict capital protection and disciplined trade management.
- ✅ Conservative Risk (0.5% per trade, 0.01 lots).
- ✅ Day-Trading Approach (positions closed daily by 18:00).
- ✅ Built-In Safety (Trailing Stops, Breakeven buffer).
- ✅ Low Exposure (max 2 trades at a time).
- ⚠️ Profit Targets Disabled – relies on trailing stops instead of fixed Take Profit, meaning profits depend heavily on volatility.
👉 Overall, these settings make the EA safe for funded accounts, prop firm challenges, and traders seeking steady growth with minimal drawdown.