Range Breakout EA MT4 v1.35 + SetFiles (Platform build 1441+)

What is Range Breakout EA MT4?

Range Breakout EA is an automated trading robot, designed to be compatible with the Metatrader 4 (MT4) platform and optimized for currency pairs. The advisor does not use any risky features such as martingale or grids and follows logical analysis. Range Breakout can be used for multi-timeframe trading, combined with intraday trend analysis, trading these trends after breakouts in the morning.

➡️ Vendor website: View here

About the Author

This product is compiled by Rene Balke. This Germany author has more than +7 years of experience working on MQL5 with many famous products such as Range Breakout EA MT4, Scalping Project EA MT4 and others. Among them, Range Breakout EA is his best performing product.

➡️ Join Our Channel Telegram

Key Features of Range Breakout EA for MT4

🔹Breakout Strategy: Designed to trade trends that follow the morning market direction after a time-based breakout.
🔹Advanced Volume Modes: Supports four flexible volume modes, including fixed lot, money management, and risk percentage based on initial stop loss.
🔹Custom Time Filtering: Allows precise definition of the daily range start and end times, as well as delete and close times for orders and positions.
🔹Non-Martingale Logic: A real day trading system that explicitly does not use any Martingale or Grid functionalities.
🔹Dynamic Exit Management: Features a comprehensive Trailing Stop and Breakeven system with multiple calculation modes.

Trading Strategy

The core trading strategy of the Range Breakout EA is a time-dependent breakout approach focused on capturing the market’s initial directional move.

🔹Time-Based Direction: The strategy identifies a daily trading range during a specified time window, expecting the market to find its trend after this period.
🔹Breakout Execution: Orders are placed to enter trades only when the price breaks above or below the defined range, often using a small Order Buffer.
🔹Range Filtering: Includes Min/Max Range Filters to ignore ranges that are too small or too large.
🔹Target/Stop Customization: Take Profit (TP) and Stop Loss (SL) distances are highly flexible, calculated by factor, percentage, or fixed points from the entry.
🔹Time-Controlled Exits: The strategy enforces strict discipline by setting specific hours to delete pending orders and close open positions to avoid overnight risk.

Range Breakout EA MT4 Review

The Range Breakout EA MT4 is designed to capture market volatility when price breaks out of defined ranges. The backtest statistics highlight how the EA performs under real market conditions, with a focus on profitability, risk, and consistency.

✅ Initial Deposit: $10,000
✅ Total Net Profit: $2,640.94
✅ Maximal Drawdown: 6.04%

Range Breakout EA MT4 Backtest Results

Range Breakout EA MT4 Backtest Trading Results

Why choose Range Breakout EA MT4?

🔹Discipline and Safety: The explicit absence of Martingale/Grid ensures a safe, logically sound, and disciplined trading approach.
🔹High Customization: Offers extensive control over time, volume, and TP/SL calculation modes, allowing for precise strategy tuning across pairs.
🔹Trend Capture Efficiency: Optimized to capture the most significant daily trend following the morning session breakout.
🔹Flexible Risk Control: Four volume modes, including risk-percentage and risk-money, allow traders to define exact capital exposure per trade.

User Reviews and Feedback

Range Breakout EA shows significant potential in providing stable and reliable profits, becoming a reliable tool in the forex market. This advisor is highly appreciated by the community in many aspects and has won the trust of users.

➡️ Liam_Greene (2023.02.03): “I was using the same strategy on the GbpUsd for the London Breakout but had to get up early and measure the levels this strategy allows me a lie in without missing the setups due to sleep ins.”
➡️ Jochen (2023.06.16): “This EA does exactly what it’s supposed to. Based on a comprehensible open-range strategy, trades are placed and executed according to the set parameters. It should be clear that not every trade can be profitable. It’s not a grid or Martingale system, it’s kept simple and transparent. I like it!”

Range Breakout EA MT4 is rated 5 stars by users

Recommended settings

Recommended settings and parameters to pay attention to from developers and experts:

➡️ Reviewed by David Easton

Product Download Package?

The download package of the product suite includes:

1. Experts:

✅ Range Breakout EA MT4 v1.35_fix.ex4

2. Presets:

✅ USDJPY_M1_Autolot.set
✅ EURUSD_M1_Autolot.set
✅ GBPUSD_M1_Autolot.set

➡️ Setting Guide: View here

Conclusion

In short, Range Breakout EA MT4 delivers a disciplined breakout strategy with advanced volume modes, dynamic exit management, and strict non-Martingale logic. Its time-based range filtering ensures precision, while flexible SL/TP settings optimize risk and reward. With proven backtest results, customization, and consistent performance, Range Breakout EA stands out as a powerful tool for traders seeking safe, reliable, and trend-focused profits.