Range Breakout EA V1.35 MT4
The “Range Breakout EA V1.35 MT4” is a sophisticated trading tool designed to capitalize on market trends by identifying and trading breakouts from defined price ranges. Below are the key details to optimize its performance:
Minimum Deposit:
- Recommended Amount: $500
- Purpose: Ensures sufficient margin to manage trades effectively and accommodate potential drawdowns.
Optimal Time Frame:
- Preferred Time Frame: M15
- Reasoning: Balances signal frequency and accuracy, capturing significant market movements while minimizing noise.
Suitable Currency Pairs:
- Primary Pair: EUR/USD
- Additional Pairs: GBP/USD, USD/JPY
- Selection Criteria: High liquidity and volatility, which are conducive to breakout strategies.
Strategy Overview:
- Range Identification: The EA defines a price range based on user-specified start and end times, typically during low volatility periods.
- Order Placement: Upon range establishment, pending buy and sell stop orders are placed at the range’s boundaries, anticipating a breakout.
- Trade Execution: When the price breaks above or below the defined range, the corresponding order is activated, entering the trade in the breakout direction.
- Risk Management: The EA incorporates stop-loss and take-profit mechanisms, along with optional trailing stops, to manage risk and secure profits.
Additional Resources:
- Telegram Community: Join our community for support and updates: https://t.me/yoforexrobot
- EA Download: Access the EA here: https://www.forexfactory.cc/
Note: Always conduct thorough backtesting and use appropriate risk management practices when deploying automated trading systems.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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Instant Download: https://www.forexfactory.cc/product/range-breakout-ea-v1-35/
You can also download from other websites:
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https://www.mql5.software/product/range-breakout-ea-v1-35/
https://www.yoforex.org/product/range-breakout-ea-v1-35/
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