RangeBreakout MT5 by The Nomad Trader

RangeBreakout NOMAD — Session Range Breakout EA for MT5Markets consolidate. Then they expand. This EA catches the expansion.During low-liquidity hours, price builds a range. When the London or New York session opens and institutional flow arrives, it breaks that range with momentum. RangeBreakout NOMAD identifies those moments systematically, enters in the direction of the break, and manages the trade from entry to exit without manual intervention.No martingale. No grid. No indicator soup. One clean structural edge, fully automated.HOW IT WORKSThe EA defines a range window (your choice of hours), tracks the high and low across that period, then waits for price to break out. Before entering, the signal passes through up to 8 independent quality filters — every one must pass or no trade is taken. After entry, five separate exit mechanisms manage the position automatically.ENTRY FILTERS Range size validation — rejects ranges that are too tight (noise) or too wide (news event) Breakout buffer — price must convincingly close beyond the boundary, not just wick through Speed filter — measures breakout velocity; slow grinds and news spikes are both rejected Momentum candle — requires a directional body candle at the break point Volatility regime — only trades when ATR is within a healthy historical percentile band Retest entry — optional mode that waits for price to return to the broken level before entering Trend filter — EMA on any timeframe; long only above, short only below Time decay — ignores breakouts that occur too long after the range closes Every filter is independently enabled. You control the combination.EXIT FRAMEWORK Hard TP/SL on the broker side — always active, three calculation modes Break-even — moves stop to entry once profit threshold is hit Trailing stop — activates after minimum profit, moves in configurable steps Partial close — locks in a portion of the trade, optionally moves remainder to break-even RSI exit — closes on exhaustion signals, gated by a minimum profit requirement Time exit — force-closes positions at a set hour; essential for Gold overnight gap risk RISK MANAGEMENTPosition size is calculated dynamically so your stop loss always equals a precise percentage of account equity. Daily loss limit and daily profit target act as circuit breakers — protecting you from compounding bad days and from giving back good ones.SESSION ARCHITECTURESession windows are hardcoded to real GMT market hours. You set your broker's GMT offset once. Nothing to optimize — these are market facts, not strategy parameters.Asian 00:00–08:00 GMT · London 07:00–16:00 GMT · New York 13:00–22:00 GMTWHAT'S INCLUDED Full HTML documentation guide — covers logic, philosophy, and optimization workflow in depth Future updates included COMPATIBLE WITH MetaTrader 5 · All timeframes · Forex pairs · XAUUSD · ECN brokers · Hedging accountsTrading involves significant risk. Past performance does not guarantee future results. Optimize and forward test before live deployment.

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