Available soon
Loading product…
Range Breakout Day Trader is an MT4 expert advisor that places at most one trade per day after an early-session price range breaks, filters direction with a trend check, and closes the position before the day ends.
Get one message the moment it launches, with its price.
Range Breakout Day Trader is an MT4 expert advisor built around one simple daily routine: let the market form a range early in the session, wait for price to break out of it, and trade in that direction with a defined stop loss. It then closes the trade before the end of the day, so nothing is held overnight.
Each day the EA measures the high and low of a fixed time window in the early hours of broker server time. The default window is described as running from 01:00 to 06:50 on a GMT+2 server with daylight saving. Once that window ends, the EA waits for price to move beyond one side of the range and opens a single position.
A built-in trend filter looks at the broader direction of the market and is meant to reduce breakouts that go against it. A filter cannot remove losing trades, so treat it as one input and not a promise of accuracy.
The suggested chart is M5. USDJPY is the main pair, and GBPUSD and BTCUSD are also mentioned as options. Spreads matter for a short-term system like this, so a low-spread ECN or raw account is recommended. Check how your broker names symbols and confirm that its server time is compatible with the default schedule.
Exact input names and defaults can differ, so open the inputs tab after attaching the EA and read each field. The main areas are listed below.
| Area | What it controls | What to check |
|---|---|---|
| Lot sizing | Fixed lot or lot calculated from a risk percentage | Contract size and margin at your broker |
| Risk mode | Preset levels from lower to higher risk | Start with the lowest and test it |
| Time settings | Range window and closing time | Match them to your server time and daylight saving |
| Equity drawdown limit | Optional maximum drawdown safeguard | Set a value that fits your account rules |
| Profit alert | Notification or email at a chosen profit level | Enable push or email in MT4 options |
Changing the default exits or combining the EA with manual trading, for example by switching off the take profit after an alert, adds risk and should be tested first on a demo account. Higher risk modes and larger leverage increase both potential gains and potential losses.
Trading carries risk, and you can lose some or all of your capital. Past results, including any backtest, do not predict future ones. Test on a demo account before using real money.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Trend, Grid, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Daily range breakout, intraday, one position per day |
| Suggested markets | USDJPY, GBPUSD, BTCUSD (check the symbol names at your broker) |
| Suggested timeframe | M5 |
| Exit logic | Stop loss, ATR trailing stop, close near the end of the day |
| Lot sizing | Fixed lot or risk-based |
| Account type | Low-spread ECN or raw accounts; a VPS is advisable |
No reviews yet. Customers who own Range Breakout Day Trader MT4 can review it here.
No. This listing is for the MetaTrader 4 build and it will not run on MetaTrader 5. If you use MT5, look for a separate MT5 product instead of trying to load this one.
The suggested setup is the M5 chart on USDJPY, with GBPUSD and BTCUSD also mentioned as options. Symbol names differ between brokers, for example suffixes, so confirm the exact name in your Market Watch. Test any symbol you add in the Strategy Tester first.
The defaults are built around a broker server time of GMT+2 with daylight saving changes. If your broker uses a different server time, the range and closing times must be shifted to match. Compare your server clock with the times in the inputs before trading.
A low-spread account is recommended because the trade is short-term and spread eats into small moves. A starting balance of around 100 USD is suggested, but the right figure depends on your broker's contract sizes, your lot setting and the risk mode, so check these before going live.
The strategy is described as opening a single protected position per day, not adding grid levels or increasing size after losses. Confirm this in the inputs and on a demo account, and note that every strategy can lose money.
The lower risk modes are described as intended for challenge-style rules, but you are responsible for checking your firm's conditions, such as daily loss limits, news rules and allowed trading hours. Run a demo test against those rules first.
Range Breakout Day Trader MT4
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 MT4 tools with a similar focus.
Own Range Breakout Day Trader MT4? Sign in to review it.