RangeBreakout Master

TopicStarter

Moderator
Apr 15, 2024
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Introduction​

As a professional trader and MQL5 programmer from the EASY Trading Team, today I’ll review the trading robot RangeBreakout Master. According to available information, this product has not yet garnered any reviews or ratings. I invite you to share your experience if you happen to use this robot. For detailed statistics, please visit this link. Let's dive into the specifics and compare it to one of our EASY series trading robots to see why our solutions are often preferred.

Comparison with EASY Breakopedia​

RangeBreakout Master is designed to capitalize on market breakouts from predefined ranges. However, it lacks community feedback which raises questions about its real-world performance. On the other hand, our EASY Breakopedia is well-documented and has received positive reviews for its consistent profitability and reliability.

Why EASY Breakopedia is Superior:
  • Proven Track Record: EASY Breakopedia has a history of positive feedback and consistent performance.
  • Flexibility: It supports multiple timeframes and assets, providing greater versatility.
  • Advanced Algorithms: Breakopedia uses sophisticated algorithms for precise entry and exit points.
  • User Support: Our team offers comprehensive support and documentation.

Limitations of RangeBreakout Master:
  • No user reviews or ratings.
  • Limited documentation and community support.
  • Unverified performance claims.

Pros and Cons​

RangeBreakout Master:
  • Pros:
    • Simple to set up.
    • Specialized in breakout strategies.
  • Cons:
    • No user feedback or ratings.
    • Limited documentation.
    • Unverified performance.

EASY Breakopedia:
  • Pros:
    • Proven track record.
    • Advanced trading algorithms.
    • Versatile across different assets and timeframes.
    • Excellent user support.
  • Cons:
    • Requires initial setup understanding.

Optimal Usage Conditions​

RangeBreakout Master works best in volatile market conditions where price breakouts are frequent. It is ideal for traders who seek a simple, albeit less proven, solution for trading breakouts. Our EASY Breakopedia, however, is optimized for a variety of market conditions and provides more reliable trade signals.

Source Code of RangeBreakout Master​

We do not have access to the original source code of the RangeBreakout Master. However, we can develop a similar robot based on the description available on the MQL5 marketplace. If you have any questions regarding the code, feel free to ask on our forum at easytradingforum.com. Do note that our team does not sell the RangeBreakout Master robot; we offer an example code based on its description.

Code:
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Download RangeBreakout Master Robot​

If you are interested in trying the RangeBreakout Master robot, you can find it on the MQL5 marketplace. Remember to critically evaluate its performance and share your reviews to help the trading community. Visit this link for more details.
 
In the 'Overview' section, you can explore the backtest and settings utilized for the visual presented in the screenshot, making it easier to strategize your trades!