Real Day Trading Strategy with Range Breakout EA – No Martingale or Grid

Unlike many other trading programs available on the mql5 market, this is a genuine day trading strategy. The Range Breakout EA does not utilize risky martingale or grid methods; instead, it follows a logical and structured approach to trading. This EA is specifically designed to trade time-based breakouts, capitalizing on market trends that often establish during the morning hours and continue throughout the day.

Key Features of the Range Breakout EA:

• Scalable Strategy: The EA is perfect for trading any time-based breakout scenario, allowing you to harness market trends with precision.
• Live Performance: This strategy has been tested on a live trading account for years, delivering consistent results. The default lot size used in live trading is 0.02 per trade, though this can be adjusted based on your preference.
• Performance Documentation: Check out the detailed performance on Myfxbook by searching for “BM Trading Show 1”. Use custom analysis to filter trades using magic numbers 1 (Range Breakout EA EURUSD) and 5 (Range Breakout EA USDJPY).

Customizable Settings for Optimal Performance:

• Time Range Adjustments: Default settings are optimized for USDJPY. For EURUSD, adjust the time range to 09:00 – 10:30, cancel orders at 20:55, and close positions at 21:55.
• Trading Volume Options: Choose from fixed lot sizes, risk percentage, or fixed lots per X money, based on your risk tolerance and trading goals.
• Risk Management: Set precise Stop Loss (SL) and Take Profit (TP) levels using puffer points and range-based factors to manage risk effectively.

Advanced Functionalities:

• Trailing Stop & Break Even Features: Activate trailing stop and break-even points to secure profits and minimize losses as trades move in your favor.
• Maximum Trade Limits: Control your trading frequency with settings for maximum long, short, and total trades per day.
• Range Filters: Define minimum and maximum range points to ensure the EA only trades within desired conditions.

Compatibility and Flexibility:

• MT4 & MT5 Versions Available: The EA’s features are identical across both platforms. Download the free demo version and test it yourself.
• User-Friendly Interface: The EA includes a range of customizable settings, making it suitable for both novice and experienced traders.

Important Notes:

• Testing and Optimization: It’s recommended to test different settings based on your trading preferences and market conditions. While the default settings are a good starting point, you might find other configurations more profitable.

This EA is a robust tool for traders looking to capitalize on day trading opportunities with a structured, non-martingale strategy. Download the free demo now to experience the power of the Range Breakout EA and take your trading to the next level!