The Range Breakout is a full trading robot placing trades according to user defined range and breakout criteria. Customization services are available for this robot via Help Desk requests.

Suggested Parameters*

Account: sub account compatible

Chart Settings:

Currency Pair: EURUSD
Compression: 5 min

Range Breakout Settings:

Range to Break: 10 pips
Range Minimum Bars: 20
Minimum Breakout Bars: 1
Minimum Breakout Pips: 4

On Up Break:

Lots: 50,000 to 100,000 units per $10,000 account balance
Direction: Buy
Stop-Loss Pips: 50
Take-Profit Pips: 100

On Down Break:

Lots: 50,000 to 100,000 units per $10,000 account balance
Direction: Sell
Stop-Loss Pips: 50
Take-Profit Pips: 100

Risk Management:*

Risk per Trade (%):  risk percent of available margin, determines trade size
Min. trade size (lots): smallest trade size
Trade Size step (lots): amount to increment trade size
Standard lot size ($): 100,000 units for most brokers
One pip price ($): varies per currency pair.

*Advanced risk management parameters are available for experimentation. When Risk per Trade (%) is set to “0”, advanced risk management parameters are not applied. Otherwise, order size is based on these settings and overrides those set elsewhere.

BackTesting Mode

Fast/Hidden Compatible = Yes

Forum Discussion - Click here to discuss tips, suggestions and ideas with other traders.

*The suggested settings are based on historical backtesting for the year 2009. As the market changes, these parameters may also require changing. We recommend discussing optimization ideas with others on the FxSpyder Forum. Always keep in mind that past results are no guarantee of future results.