This Range Breakout EA is a thoughtfully designed Expert Advisor tailored for Day Traders, specifically during European market hours. It employs proven trading strategies and avoids high-risk methodologies like grid, hedge, or Martingale recovery systems, making it a safer option for traders.

How Range Breakout EA Works

Range Breakout EA focuses on the USDJPY currency pair, opening a single position daily after a specific range is defined between 1:00 AM and 6:50 AM (GMT/UTC+2). Once the range is established, the breakout is monitored, and a position is opened in the direction of the trend.

The EA integrates an optimized trailing stop, which activates after a certain profit threshold is reached, helping to secure gains while allowing for further potential upside. By automatically closing all positions at 7:55 PM, traders avoid overnight swap costs, enhancing the system’s efficiency.

Additionally, the EA features a built-in trend filter, which improves the likelihood of opening positions aligned with the prevailing market direction.

Key Features of Range Breakout Day Trader EA

Risk Management

• Every trade is protected with a stop-loss, and users can set a maximum allowed equity drawdown for additional safety.
• Only a single position is opened daily.
• The EA avoids high-risk trading practices like Grid or Martingale, ensuring trades remain controlled and safe.
• Positions are managed with a trailing stop based on ATR values.
• Any open trades are closed before the end of the trading day to prevent rollover fees.

Notification Alerts

The EA can send alerts via notification or email when a certain profit level is reached. This allows traders to consider manual intervention to potentially let profits run under favorable conditions. However, such manual adjustments come with added risks.

Prop Firm Ready

The Range Breakout Day Trader EA is optimized to pass prop firm challenges, offering both LOW RISK and EXTRA LOW RISK settings. These settings can help traders meet the stringent drawdown requirements typical of such challenges. To optimize success:

• Ensure the maximum equity drawdown is configured below the daily drawdown limits.
• Avoid trading on high-impact news days, such as interest rate announcements, to minimize slippage and potential drawdowns.
• Start with EXTRA LOW RISK settings and gradually adjust to LOW RISK as account balances grow.

Other

• Users can choose between risk-based lot sizing or a fixed lot size, catering to different trading styles and account sizes.
• An integrated trend filter increases the likelihood of aligning trades with the prevailing market direction, enhancing the probability of success.
• Integrated News Filter to prevent high-impact news from affecting trading.

Please test in a demo account first for at least a week. Also, please familiarize yourself and understand how this Range Breakout EA works, then only use it in a real account.

Recommendations for Day Trader EA

• Minimum account balance of 100$.
• Work Best on USDJPY (Work on any currency pair)
• It works best on the M5 time frame. (Work on any time frame)
• Default settings are tailored for brokers operating on GMT/UTC+2 with DST, but time adjustments can be made for brokers with different server times.
• This Day Trader EA should work on VPS continuously to reach stable results. So we recommend running Range Breakout EA on a reliable VPS (Reliable and Trusted FOREX VPS – MyfxVPS)
• Low Spread ECN account is also recommended (Find the Perfect Broker For You Here)

Latency: 0.46 ms 2 Weeks Free Trial 100% Free for 24 Months

Start Trial label Licensed Window Server 2022

	Low Spreads Leverage up to 1:500* No Commission	Free TradingView Premium* Register label FREE VPS for Traders*
	Min Deposit of 50$ Allow USA Traders Levergae up to 1:2000	Register label

Download a Collection of Indicators, Courses, and EA for FREE

Open Tools –> Options –> Expert Advisors. Check the option “Allow WebRequests for listed URL” Add the following: “https://nfs.faireconomy.media/” and press “OK.” The EA takes news from the specified websites.

Forum(Mirror Download)

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Conclusion of Evening Scalper

The Day Trader – Range Breakout EA is designed for traders seeking a structured, low-risk approach to day trading. Its focus on single trades, robust risk management features, and optimized entry and exit strategies make it a dependable tool for both novice and experienced traders. While it offers the flexibility for manual interventions, users are advised to carefully weigh the risks before deviating from default settings.

Range Breakout Day Trader EA provides an excellent balance of safety and performance, particularly for traders aiming to pass prop firm challenges or maintain steady growth in their trading accounts.