Range Breakout Day Trader EA V2.2

Range Breakout Day Trader EA V2.2 MT4: Trade Strategy and Setup Guide

The Range Breakout Day Trader EA V2.2 MT4 is built to identify breakout opportunities from defined price ranges. Below is a detailed breakdown of the key elements involved in setting up and optimizing this expert advisor for effective trading.

1. Minimum Deposit: Ensure Proper Capital

Key Features:

• Minimum Deposit: $200
• Time Frame: M1, M5, M15, M30, H1
• Currency Pair: EUR/USD, GBP/USD, USD/JPY, and AUD/USD (high liquidity pairs)

Strategy Overview:

• Daily Range Breakout:
  • The EA identifies a trading range between 1:00 AM and 6:50 AM (GMT/UTC+2)[2].
  • A position is opened in the direction of the breakout once the range is established[2].
• Trade Execution:
  • Single Trade Per Day: Only one trade is opened daily to minimize risk.
  • Stop-Loss Protection: Each trade is secured with a stop-loss to manage risk.
  • Trailing Stop: An optimized trailing stop is activated after a certain profit level is reached to secure gains.
• Risk Management:
  • Equity Drawdown Control: Users can set a maximum equity drawdown percentage for additional safety.
  • No High-Risk Strategies: The EA avoids grid, martingale, and hedge systems.
• End-of-Day Closure:
  • All positions are automatically closed at 7:55 PM to avoid overnight swap costs.
• Trend Filter:
  • An integrated trend filter ensures trades align with the prevailing market direction for higher success rates.

Recommendations for Optimal Performance:

• Broker Type: ECN, Raw, or Razor accounts with minimal spreads.
• Leverage: 1:500.
• VPS Hosting: Required for 24/7 operation to ensure consistent performance.

This EA is designed to provide a safe, reliable, and consistent trading experience, making it suitable for both individual traders and prop firm challenges.

https://yoforexea.com/product/range-breakout-day-trader-ea-v2-2/

https://www.yoforex.org/product/range-breakout-day-trader-ea-v2-2/