Range Breakout Day Trader MT4 v2.2 + Presets (Build 1431+)

What is Range Breakout Day Trader EA?

Range Breakout Day Trader MT4 is an Expert Advisor (EA) designed for automated intraday trading within a specific time frame during European hours. The expert advisor prioritizes safety and avoids risky strategies such as Grid, Hedge or Martingale.

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Why choose Range Breakout Day Trader EA?

Range Breakout Day Trader EA is a powerful tool that uses a proven range breakout strategy with built-in safety features, ideal for both beginners and experienced traders.

• Safe and controlled trading: Range Breakout Day Trader avoids risky strategies like Grid, Hedge or Martingale. The EA focuses on capturing daily trends within a defined range, minimizing potential losses.
• Prop Firm ready: This EA’s low-risk settings make it suitable for prop firm challenges. With the right configuration, users can meet withdrawal requirements and increase their chances of success.
• Automated day trading: The EA automatically identifies trading opportunities, places trades and closes positions at the end of the day.
• Transparent strategy: The EA uses a clear daily range breakout strategy with a trend filter, allowing you to understand the strategy’s logic and make informed decisions.
• Customizable parameters: The EA offers multiple settings to adjust risk level, lot size, take profit and stop loss to your preference.

Range Breakout Day Trader MT4 Features

The advisor leverages proven breakout strategies combined with trend filters for increased accuracy, advanced features built in include:

1. Safe and reliable trading:

• Low Risk Strategy: EA avoids high risk recovery strategies, suitable for conservative traders.
• Daily Single Position: Open only one position per day, minimizing risk.
• Stop Loss and Take Profit: Each trade has a predefined Stop Loss (SL) and Take Profit (TP) level to manage risk.
• Maximum Drawdown Protection: Set the maximum allowable equity drawdown to limit potential losses.

2. Automatic intraday trading:

• Daily Range Breakout: Identify breakouts from a predefined daily trading range (USDJPY).
• Trend Filter (Optional): Only enter trades that are in line with the current trend (further improving accuracy).
• Trailing Stop: Automatically adjust the stop loss when the trade goes in a favorable direction.
• End of Day Close: Automatically close positions at a specified time to avoid overnight rollovers.
• Risk-Based Lot Size Calculation: Option to calculate lot size based on your desired risk ratio.
• News Filter (Optional): Avoid volatile periods by automatically closing positions before high-impact news events.

Range Breakout Day Trader MT4 Review

1. Range Breakout Day Trader EA live results:

Real trading results on a Real Account of Range Breakout Day Trader EA achieved impressive trading results in 39 consecutive weeks of trading. Initial account deposit was $1,000, total profit was 85%, risk level was optimized at Maximum drawdown: 22.2% and win rate on total trades was 61.1%.

Profit performance parameters show impressive trading potential with USDJPY currency pair in the automated trading market.

Range Breakout Day Trader Results

2. Range Breakout Day Trader backtest:

Range Breakout Day Trader MT4 backtest trading results have achieved impressive performance in 3 years (2021 – 2023). The advisor masters the USDJYP trading market and users can easily change the settings and improve the profit performance according to their wishes.

• Tested with a capital of $1,000 (Medium Risk), the total profit reached $101,000. The risk level is well optimized and reaches the Maximum drawdown: 11.74%.

Range Breakout Day Trader MT4 backtests

• Tested with a capital of $1,000 (High Risk), the total profit reached $5.68 million. The risk level is well optimized and reaches the Maximum drawdown: 25.68%.

Range Breakout Day Trader MT4 backtest

• Tested with a capital of $1,000 (Low Risk), the total profit reached $24,761. The risk level is well optimized and reaches the Maximum drawdown: 10.66%.

Range Breakout Day Trader EA backtests

• Tested with $1,000 capital (Extra Low Risk), total profit reached $4,755. The risk level was well optimized and reached Maximum drawdown: 6.60%.

Range Breakout Day Trader EA backtest

Latest product download package includes

The download package includes the official version of the advisor:

• Experts: Range Breakout Day Trader MT4 v2.2.ex4
• Indicators: Breakout Day indicator.ex4
• Presets:
  • RangeBreakoutDaytrader_HighRisk_v1__1.set
  • RangeBreakoutDaytrader_MedRisk_v1__1.set
  • RangeBreakoutDaytrader_LowRisk_v1__1.set
  • RangeBreakoutDaytrader_ExtraLowRisk_v1__1.set

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About the Author

This product is compiled by Aroen Mughal. This author has more than +5 years of experience working on MQL5 with many famous products such as Range Breakout Day Trader MT4 and other products. Among them, Range Breakout Day Trader MT4 is his best performing product in 5 years.

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Conclusion

In short, Range Breakout Day Trader is an Expert Advisor (EA) designed to trade the USDJPY currency pair intraday during European trading hours (GMT/UTC+2). This EA focuses on safe and reliable automated trading using proven strategies and avoiding high-risk tactics such as Grid, Hedge or Martingale.

>>> Reviewed by Jason Stap