Morning Range Breakout

Morning Range Breakout

Morning Range Breakout (Free Version) is a straightforward trading advisor that implements a breakout strategy based on the morning range. It identifies the high and low within a specified time interval (e.g., 08:00–10:00 UTC) and opens a trade on a breakout upward or downward. The free version includes core functionality without restrictions. All parameters and messages are in English, per MQL5 Market requirements.

Key Features

• Detects morning range based on two UTC hours
• Enters trades on breakout upward or downward
• Fixed lot size
• Customizable Stop Loss and Take Profit
• Limit of one trade per day
• Optional breakeven functionality
• Simple structure for learning and experimentation

Recommendations

• Best assets: XAUUSD, EURUSD
• Optimal timeframe: M15
• Test thoroughly before using on a live account

Additional Information

For detailed setup instructions or a full manual, refer to the comments section or the author’s blog on MQL5.com.

Disclaimer

This advisor is provided for educational and demonstration purposes only. The author is not responsible for any losses. Use at your own risk, adjusting parameters to suit the market.