Available soon
Loading product…
Daily Range Breakout is an MT5 expert advisor that trades breakout signals on daily bars, based on the Larry Williams smash day idea. It can be used on gold and other markets and needs a hedging account.
Get one message the moment it launches, with its price.
Daily Range Breakout is an expert advisor for MetaTrader 5 that looks for breakout-style entries on the daily chart. The idea behind it is taken from the Larry Williams smash day concept, and it can be run on gold as well as on forex pairs and index symbols such as US500.
The EA studies a set number of recent daily bars, set by the lookback period. For a buy signal, the close of the current bar must be the lowest close within that window, and the price of the next bar must then move above the previous close. A sell signal uses the mirror-image conditions: the close is the highest in the window and the next bar trades below the previous close.
The strategy is described as not using martingale or grid averaging. Each signal is handled as a trade with its own optional stop loss and take profit.
Besides a fixed stop loss and take profit, there is a default close rule. When it is enabled, a position is closed once it is in profit and has been held for longer than a minimum number of days. You can switch the rule off and rely on the stop and target only.
An optional filter compares the distance between the highest high and lowest low of the lookback window with the current close, shown as a percentage. Trades are taken only when that value is above your chosen threshold, which helps skip quiet periods.
The EA is designed for the daily timeframe. It has been presented mainly with gold in mind, and it can also be applied to EURUSD, US500 and other symbols. Contract sizes, spreads and swap costs differ between brokers, so settings that suit one symbol may not suit another. Check them on your own broker's data.
The main inputs are listed below. The default values are not repeated here; read them in the input window after attaching the EA and compare them with your own symbol and account size.
| Input | Purpose |
|---|---|
| magicNumber | Identifies positions opened by this EA |
| lot | Trade size |
| tradeLong / tradeShort | Enable or disable buy and sell trades |
| useStopLoss / stopLoss | Switch and value for the protective stop |
| useTakeProfit / takeProfit | Switch and value for the profit target |
| useDefaultClose / minPositionHoldDay | Close a profitable position after a minimum number of days |
| lookBackPeriod | Bars used for the breakout window; larger values give fewer trades |
| useDiffThreshold / diffThreshold | Optional range filter and its percentage threshold |
Trading forex, gold and CFDs carries significant risk to your capital. Past results do not predict future ones, and a backtest cannot cover every market condition. Test on a demo account first and use a position size you can afford to lose.
Before going live, run the strategy tester on your own broker's history and compare the results across several symbols and lookback values.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Grid, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, breakout |
| Markets | Gold (XAUUSD), EURUSD, US500 and other symbols |
| Timeframe | Daily (D1) |
| Trade style | Signal-based entries on daily bars, stop loss optional |
| Account type | Hedging account required |
| Suggested deposit | Developer suggests 100 USD or more; confirm with your broker |
| Suggested leverage | 1:100 or higher |
No reviews yet. Customers who own Daily Range Breakout can review it here.
No. This product is built for MetaTrader 5. It will not load in MetaTrader 4, so check which platform you use before buying.
A hedging account. The EA identifies its own positions by a magic number, so an account type that allows hedging is the safe choice. Ask your broker if you are unsure which type you have.
The strategy is designed for the daily chart. Running it on shorter timeframes changes what a bar means and is not what the logic was built around, so test carefully before doing so.
It is described as neither. Entries come from a breakout condition on daily bars rather than from averaging down. You should still read the position behaviour in the strategy tester before trading live.
Yes. The inputs include lot size, stop loss and take profit values with on/off switches, a lookback period, a minimum holding period for the default exit and an optional range filter.
No one can promise that. Trading carries risk and past results do not predict future ones. Test on a demo account first and size positions to a loss you can accept.
Daily Range Breakout
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT5 tools with a similar focus.
Own Daily Range Breakout? Sign in to review it.