Introduction

Range Breakout EA V1.35 is an automated trading system developed to operate on the MetaTrader 4 platform. The system focuses on identifying consolidation zones in the market and trading price breakouts from those ranges. When the market moves beyond key support or resistance levels, the EA attempts to open trades in the direction of the breakout. By automating this process, traders can follow a structured breakout strategy without constantly monitoring the charts.

Key Features

Automated breakout detection based on support and resistance levels
Automatic buy and sell trade execution when breakout conditions occur
Built-in stop-loss and take-profit risk management
Customizable trading parameters such as lot size and risk level
Continuous market monitoring while the platform is active
Compatible with multiple currency pairs
Works on different chart timeframes depending on trading strategy

Recommended Settings

Timeframe: M15, M30, or H1
Currency pairs: Major pairs such as EURUSD, GBPUSD, and USDJPY
Lot size: Use conservative lot sizing based on account balance
Risk per trade: Around 1–2% of account balance
Spread filter: Enabled to avoid trading during high spreads
VPS: Recommended for continuous operation

Backtest Result

Backtest performance may vary depending on historical data quality, broker conditions, and settings used within MetaTrader 4.

Typical observations include:

Stronger performance during volatile market conditions
Breakout strategy performs well after consolidation periods
Trade frequency depends on timeframe and market activity
Risk management settings significantly influence overall results

Traders are encouraged to conduct their own backtesting and demo testing before using the EA on a live account.

Advantages

Automates the breakout trading strategy
Reduces the need for constant manual chart monitoring
Executes trades quickly when breakout conditions occur
Removes emotional decision-making from trading
Customizable parameters allow traders to adjust risk levels

Disadvantages

Breakout strategies may experience false signals
Performance may vary depending on market volatility
No automated system guarantees consistent profits
Requires proper configuration and testing before live trading
Platform must remain active for the EA to operate

Installation & Setup Guide

Download the EA file in .mq4 or .ex4 format
Open the MetaTrader 4 platform
Click File and select Open Data Folder
Open the MQL4 folder and then open the Experts folder
Copy and paste the EA file into the Experts folder
Restart the MetaTrader 4 platform
Enable AutoTrading from the platform toolbar
Open a chart for the preferred currency pair
Drag the EA from the Navigator panel onto the chart
Adjust the EA settings and activate it to start automated 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:

WhatsApp: Click here

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.