CustomBreakout

CustomBreakout

Range Breakout EA – Simple Description

Concept
An automated trading robot for MetaTrader 5 that exploits range breakouts with two key periods:

Features

• Automatic market hours management

• Customizable Stop Loss and Take Profit

• Smart Trailing Stop

• Built-in testing mode for simulation

• Detailed logs for monitoring

How It Works

• Records extreme prices at the start of the day

• Waits for a breakout of the secondary range

• Opens a position in the breakout direction

• Automatically manages the trade (SL/TP/Trailing Stop)
  
  

  The first range (Main Range) is used to determine potential trade levels:

  • The high of this range sets the level for a possible buy order.

  • The low of this range sets the level for a possible sell order.
    No trades are executed at this stage; it only defines the levels.

  The second range (Breakout Range) is used to trigger the execution of the trade:

  • If the price breaks above the breakout range, the EA opens a buy order at the level defined by the first range.

  • If the price breaks below the breakout range, the EA opens a sell order at the level defined by the first range.

  In short: the first range sets the potential trade levels, and the second range decides when the trade is actually executed.
  
  

Who Is It For?

• Beginners: Simple to set up

• Experienced traders: Advanced parameters available

• All traders looking for a reliable breakout strategy

Advantages

• Fully automated

• No martingale

• One position per day

• Auto-adapts to trading hours

• Ready to trade in 2 minutes