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Range Breakout X2 is an MT5 expert advisor that marks daily support and resistance ranges and opens breakout or reversal trades at those levels. It includes a trailing stop, risk-based lot sizing and time filters.
Get one message the moment it launches, with its price.
Range Breakout X2 is an expert advisor for MetaTrader 5 that looks at the price range formed during part of the trading day and then places trades when price moves beyond the top or bottom of that range. It is aimed at traders who like clear, rule-based entries and want control over exits and risk.
The EA builds two daily ranges. For each one you set an end time and a look-back period in hours. The highest high and lowest low in that window become the resistance and support levels. This gives up to four levels per day: an upper and lower level for the first range, and an upper and lower level for the second.
Each of the four levels can be switched on or off, so you can run only the first range, only the second, or both. An optional signal filter can be used to confirm true breakouts. A range width limit stops the EA from entering when the range is wider than you want.
Open trades can use a fixed stop loss, an optional take profit and a trailing stop. The trailing stop follows price at a distance you set and only moves when the improvement reaches the step size. You can also cap the number of open trades, force a pause between trades and close positions that stay open too long.
The tool is intended for indices, forex, stocks, commodities and crypto. The example tests shown for the product were run on a US index with default settings, and the best inputs will differ by symbol, broker and server time. No single timeframe is required, so test the symbols you plan to trade on a demo account before using real money.
| Group | What it controls |
|---|---|
| Range times | End time for each range, look-back hours and maximum range width |
| Direction | True or false breakout, and which of the four levels are active |
| Exits | Stop loss and take profit in pips, trailing stop distance and step |
| Position size | Fixed lot, or a percentage of balance risked per trade |
| Protection | Daily drawdown pause, dollar stop-out, maximum trade duration, maximum open trades |
| Schedule | Start and end hour and minute for new orders |
| Other | Magic number, hedging permission, audible alerts, push notifications |
Default values are not listed here. Check them in the EA inputs and adjust them to your symbol and account size.
With percentage sizing, the lot size depends on the stop loss, so always set one. Confirm contract size, pip value and leverage with your broker, because they change the result.
Trading carries risk, and you can lose more than you expect. Past results and backtests do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
Give every EA on the account its own magic number so each one can recognise its own trades.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Scalping, Grid, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Intraday range breakout, scalping style |
| Markets | Indices, forex, stocks, commodities, crypto (check your broker's symbols) |
| Timeframes | Not fixed; test on a demo to find what suits your symbol |
| Order management | Trailing stop, stop loss, optional take profit, max open trades |
| Risk controls | Daily drawdown pause, dollar stop-out, time and day filter |
| Requirements | Algo trading enabled, hedging optional, a unique magic number per EA |
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This listing is for the MT5 version only. MT4 and MT5 files are not interchangeable, so an MT4 terminal cannot load it. Check the store for a separate MT4 product if you need one.
The settings are designed to apply to indices, forex pairs, stocks, commodities and crypto, provided your broker offers them on MT5. Symbol names, trading hours, spreads and server time differ between brokers, and the range times depend on server time, so check these before going live.
In MT5 choose File, then Open Data Folder, and copy the EA file into MQL5/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and enable Algo Trading in the toolbar and in the EA's properties.
The EA calculates the volume from your balance, the percentage you choose and the stop loss distance. Because the stop loss is part of the formula, you must set one, otherwise orders may be rejected. Compare the result with your broker's contract specifications and test it on a demo account first.
Yes. The settings have a true breakout mode, which buys above resistance and sells below support, and a false breakout mode, which does the reverse. You can enable each range and direction separately.
Nobody can promise that. Trading carries risk, and past results, including any backtests, do not predict future ones. Run your own tests on a demo account with your broker's data before using real money.
Range Breakout X2
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