Range Breakout EA V1.35 MT4 – A Complete Guide for Traders
The Range Breakout EA V1.35 MT4 is a powerful Expert Advisor designed to capture profits from price breakouts that occur after markets consolidate within a defined range. Trading ranges are common in forex, and when a breakout occurs, it often leads to strong directional moves. This EA automates the process of identifying these ranges, setting entry orders, and managing trades efficiently.
With just a minimum deposit of $100, traders can deploy this EA on the MetaTrader 4 (MT4) platform, optimized for the H1 timeframe. It works effectively with popular currency pairs such as EURUSD, GBPUSD, USDJPY, AUDUSD, and USDCAD, making it a versatile tool for both new and experienced traders.
Why Range Breakout Strategies Work
Before diving deeper into the EA itself, it’s important to understand why range breakout strategies remain popular. Markets often consolidate after a trend, creating a tight trading range. Once buyers or sellers push the price outside of that range, momentum usually builds quickly, leading to profitable trading opportunities.
Manually spotting and trading these breakouts can be difficult. Traders risk entering too early, too late, or getting caught in false breakouts. The Range Breakout EA V1.35 automates this process by systematically placing trades once the breakout criteria are met.
Key Features of Range Breakout EA V1.35 MT4
1. Optimized for H1 Timeframe
The EA is specifically designed for the H1 chart, balancing speed and reliability. This timeframe reduces noise compared to shorter intervals and allows the EA to capture meaningful breakouts without excessive false signals.
2. Minimum Deposit Requirement
With a starting capital of just $100, traders with smaller accounts can still access automated breakout trading. Risk management features ensure that accounts are protected even with limited funds.
3. Multi-Currency Support
This EA is not limited to one instrument. It performs best on major pairs such as:
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EURUSD – Known for tight spreads and strong liquidity.
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GBPUSD – Volatile pair with frequent breakout potential.
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USDJPY – Stable pair suitable for trend-following strategies.
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AUDUSD – Commodity-driven pair with range-to-trend transitions.
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USDCAD – Oil-sensitive pair offering unique breakout opportunities.
4. Fully Automated Trading
Once configured, the EA automatically scans markets, identifies ranges, and executes trades. Traders no longer need to watch charts constantly or second-guess their decisions.
5. Smart Money Management
The EA includes customizable lot sizing, risk percentage settings, and stop loss/take profit management. These features allow traders to scale strategies according to their risk tolerance.
How the Range Breakout EA Works
Step 1: Identifying the Range
The EA detects consolidation phases where price trades within a well-defined support and resistance boundary.
Step 2: Placing Pending Orders
It places buy stop and sell stop orders just outside the range boundaries.
Step 3: Breakout Confirmation
When price breaks through the range, one of the pending orders is triggered. The EA cancels the opposite order to avoid unnecessary exposure.
Step 4: Trade Management
The EA manages the trade with pre-set stop loss and take profit levels. It also includes trailing stop features to lock in profits during strong moves.
Benefits of Using Range Breakout EA V1.35 MT4
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Saves Time: No need to monitor charts constantly.
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Emotion-Free Trading: Eliminates fear and greed, executing trades purely based on strategy.
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Adaptable Settings: Traders can adjust parameters such as lot size, stop loss, and risk percentage.
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Works Across Market Conditions: Effective during London and New York sessions where breakouts are more common.
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Backtest Friendly: The EA can be tested on historical data to refine settings before going live.
Recommended Settings
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Timeframe: H1
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Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD
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Risk Per Trade: 1–2% of account balance
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Stop Loss: 20–40 pips depending on pair volatility
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Take Profit: 1.5x to 2x the stop loss distance
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Broker Requirement: ECN/STP broker with low spreads and fast execution
Backtesting Insights
Backtesting the Range Breakout EA V1.35 MT4 on major pairs reveals consistent performance when used during active trading sessions. Results indicate that:
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Breakouts during the London open provide the strongest signals.
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Using a trailing stop captures extended moves and reduces risk of reversal losses.
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Pairs like GBPUSD and AUDUSD deliver higher profit potential due to volatility, though they require wider stops.
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EURUSD and USDJPY offer stability with moderate but consistent gains.
Who Should Use This EA?
This Expert Advisor is suitable for:
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Beginners: Easy setup and affordable entry with $100 minimum deposit.
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Intermediate Traders: Those who want to automate proven strategies and diversify their portfolio.
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Part-Time Traders: Individuals who can’t monitor markets but still want to trade breakouts.
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Scalpers & Swing Traders: Those looking to complement existing strategies with automated breakout trades.
Tips for Maximizing Profitability
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Use a VPS – Running the EA 24/7 ensures no missed opportunities.
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Combine with News Awareness – Avoid high-impact news events that may cause false breakouts.
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Test Multiple Pairs – Diversify across pairs to spread risk.
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Adjust Risk Settings – Start small and scale gradually as confidence grows.
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Monitor Broker Conditions – Choose brokers with low latency and tight spreads for best performance.
Conclusion
The Range Breakout EA V1.35 MT4 is an effective and beginner-friendly trading tool that simplifies breakout trading. With support for popular forex pairs, low capital requirements, and automation on the MT4 platform, it offers traders a practical way to capture profits from one of the most reliable forex strategies.
By combining solid risk management with smart breakout detection, this EA can serve as a valuable addition to any trader’s toolkit. Whether you’re a novice looking to automate your first strategy or an experienced trader diversifying your portfolio, the Range Breakout EA V1.35 MT4 provides the structure, consistency, and discipline needed to thrive in today’s forex market.
