Description
<h3><strong>Introduction</strong></h3>
<p>Range Breakout with Range Filters EA V4.38 MT5 is an automated trading system designed for the MetaTrader 5 platform that focuses on capturing price movements when the market breaks out of a defined range. The EA uses built-in range filters to avoid low-quality or false breakouts, aiming to trade only when volatility and direction align. It is suited for traders who prefer systematic breakout trading with predefined rules and controlled risk.</p>
<h3><strong>Key Features</strong></h3>
<ul>
<li>Automated range breakout detection</li>
<li>Built-in range filters to reduce false signals</li>
<li>Fully automated trade execution on MT5</li>
<li>Adjustable risk and lot size settings</li>
<li>Uses predefined Stop Loss and Take Profit</li>
<li>Compatible with most MT5 brokers</li>
</ul>
<h3><strong>Recommended Settings</strong></h3>
<ol>
<li>Use the EA on the MetaTrader 5 platform only.</li>
<li>Trade on the timeframes recommended by the developer, commonly M15 or H1.</li>
<li>Apply conservative to moderate risk per trade to manage drawdown.</li>
<li>Use fixed or automatic lot sizing based on account balance.</li>
<li>Enable built-in range filters to avoid low-volatility conditions.</li>
<li>Trade with a low-spread broker and stable execution environment.</li>
<li>Run the EA on a VPS for uninterrupted operation.</li>
</ol>
<h3><strong>Backtest Results</strong></h3>
<ol>
<li>Backtests show better performance during trending and volatile market conditions.</li>
<li>The EA avoids excessive trading during sideways or low-range markets.</li>
<li>Drawdowns remain controlled when conservative risk settings are applied.</li>
<li>Trade frequency remains moderate due to range filtering logic.</li>
<li>Backtest results are indicative only and do not guarantee future performance.</li>
</ol>
<h3><strong>Advantages</strong></h3>
<ol>
<li>Captures structured breakout movements automatically.</li>
<li>Built-in range filters reduce false breakout entries.</li>
<li>Fully automated execution reduces emotional trading.</li>
<li>Suitable for traders who prefer systematic breakout strategies.</li>
<li>Customizable risk and execution parameters.</li>
</ol>
<h3><strong>Disadvantages</strong></h3>
<ol>
<li>May underperform during prolonged ranging or low-volatility markets.</li>
<li>Requires proper configuration of range and filter parameters.</li>
<li>Performance depends on broker spread and execution quality.</li>
<li>Needs stable internet or VPS for best results.</li>
</ol>
<h3><strong>Installation & Setup Guide</strong></h3>
<ol>
<li>Download the EA file in the required format.</li>
<li>Open MetaTrader 5 and select File, then Open Data Folder.</li>
<li>Navigate to the MQL5 directory and open the Experts folder.</li>
<li>Paste the EA file into the Experts folder.</li>
<li>Restart MetaTrader 5 to load the EA.</li>
<li>Open the recommended trading chart and timeframe.</li>
<li>Attach the EA to the chart from the Navigator panel.</li>
<li>Enable AutoTrading in the MT5 toolbar.</li>
<li>Configure risk, lot size, and range filter settings carefully.</li>
<li>Test the EA on a demo account before using it on a live account.</li>
</ol>
<h3><strong>Support & Disclaimer</strong></h3>
<h4><strong>Support</strong></h4>
<p>If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:</p>
<p><strong>WhatsApp: </strong><a href="https://wa.me/+443300272265" target="_new"><strong>Click here</strong></a><strong></strong></p>
<p><strong>Telegram Group: </strong><a href="https://t.me/yoforexrobot" target="_new"><strong>Join our community</strong></a><strong></strong></p>
<h4><strong>Disclaimer: </strong></h4>
<p>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.</p>
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