Range Breakout EA V1.00 MT5

INTRODUCTION

Range Breakout EA V1.00 MT5 is a MetaTrader 5 Expert Advisor designed for automated range breakout trading on gold. It combines the author’s indicators, levels and price action to identify ranges and enter on breakouts while managing risk with fixed stop-loss and take-profit levels. The EA is built for systematic execution without martingale or grid methods.

Key Features

• Works exclusively on XAUUSD (AXAUUSD)
• Recommended timeframe: H1
• Single order only at any time
• Always places Stop Loss and Take Profit
• Fixed Stop Loss of 1000 points and Take Profit of 3000 points (1:3 risk-reward ratio)
• No martingale or recovery systems
• Compatible with any broker (low-spread preferred)
• VPS highly recommended for stable operation

Recommended Settings

• Symbol: XAUUSD (AXAUUSD)
• Timeframe: H1
• Stop Loss: 1000
• Take Profit: 3000
• Maximum open orders: 1
• Minimum recommended deposit: 500 USD or higher
• Leverage: up to 1:500
• Account type: Any
• Use a reliable VPS for continuous running

Advantages

• Fully automated entries and exits based on defined rules
• Strict risk control with mandatory stop-loss and take-profit on every trade
• Simple one-order structure that avoids over-trading
• Reduced screen time compared with manual range trading
• Works with most brokers as long as spreads remain reasonable

Disadvantages

• Limited to XAUUSD only
• Fixed stop-loss distance can produce notable drawdowns depending on lot size
• Performance depends on market conditions and may underperform in low-volatility periods
• Requires proper VPS and stable connection
• Exact indicator logic and full parameter list should be verified with the seller before live use
• Historical results do not guarantee future performance

Conclusion

Range Breakout EA V1.00 MT5 is a straightforward automated tool for traders who want rules-based range breakout trading on gold. This bot works in AXAUUSD and the recommended timeframe is H1. It suits users who prefer fixed risk parameters and single-order management. Always test thoroughly on a demo account, confirm all settings with the provider, and size positions according to your personal risk tolerance before considering live trading.

Support & Disclaimer

Support:

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.