A Range Breakout Expert Advisor with Adjustable Width and Bar Filters
Summary
This document briefly describes a classic range-breakout expert advisor. The trading range is defined by a minimum number of bars and a maximum width measured in pips, with both parameters available for adjustment. The description indicates that users can configure the range criteria, but it does not explain entry triggers, exits, stop placement, position sizing, or how the range is calculated in detail.
The advisor is presented as compatible with MetaTrader 4 and MetaTrader 5, and its code is described as generated by a visual strategy builder. No example trades, performance statistics, backtest settings, or risk analysis are provided. The material is therefore a high-level outline of a configurable breakout concept, not enough information to assess its profitability or robustness.
Key ideas
- The expert advisor trades breakouts from a range defined by bar count and pip width.
- Users can adjust the minimum bar requirement and maximum range width.
- The description claims compatibility with two MetaTrader platform versions.
- No entry, exit, risk-management rules, or performance evidence are supplied.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.