Range Breakout Day Trader MT4
Introducing the Range Breakout Day Trader. This Expert Advisor only trades during the day (European time). This EA uses proven strategies and doesn’t use high risk Grid, Hedge or Martingale recovery strategies. This EA shows that safe and reliable automated trading systems don’t need to cost that much.
Recommendations:
- Currency pair: USDJPY
- Timeframe: M5
- Minimum deposit : $100
- Account type: ECN, Raw or Razor with very low spreads
- It is important to use low spread accounts for best results
- Use VPS to keep EA running 24/7
- Leverage 1:500 (if using high risk settings)
Specifications:
- No Grid or Martingale system
- Every trade is protected with a Stop Loss
- Extra protection possible by setting up the max. equity drawdown
- Entry strategy incorporates a daily range breakout with a trend filter
- Exit strategy incorporates a trailing stop using ATR values
- Option to choose risk based lot size or fixed lot size
- Option to send notification/email alert at predefined profit percentage
- Default settings are already fine for most brokers that use a GMT/UTC+2 with DST server time. If your broker has a different server time, time setting adjustments need to be done
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