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:
Range Hour to 12
Range Minute to 00
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.