Range Breakout

How Range  Breakout work ❓


Set Range Hour and Range Minute, when a new candle will be open.


Use the range of the last bars, to set the number of previous candles you want to take into account.




If you want open pending orders at 12:00 on H1 chart and use 4 last bars data, you should set:


  1. Range Hour to 12

  2. Range Minute to 00

  3. Last Bars Range to 4


The strategy leaves the opposite pending order after activating one of them.


The minimum distance from the price is 5 pips so if the market shows low change EA will not work properly.


Profit target is the biggest range candle (high – low) in a whole range.


Stop loss is the biggest range candle (high – low) in a whole range.


Delete EA from a chart is not delete your pending orders.

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Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. Forex Brokers and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Profit-sharing accounts are subject to a monthly performance fee per selected trading system.

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