Daily range
This EA trades based on daily range breakouts, identifying the high and low of a defined daily period and placing pending orders at those levels. When price breaks above the daily high or below the daily low, the EA enters a trade in the direction of the breakout, targeting range extension moves.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Conversion problem |
| GBPUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Conversion problem |
| USDJPY | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Conversion problem |
| XAUUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Conversion problem |
Why this EA never traded: no entry rule survived the conversion.
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Blow-up risk: No blow-up pattern found
- Has no stop loss or trailing stop
On its own this is not a typical blow-up pattern, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
The strategy concept is based on daily price range breakout trading, assuming that when price breaks above the previous daily high or below the daily low, the trend is likely to continue. Entry conditions trigger a buy when price breaks the daily high and a sell when price breaks the daily low, using pending orders at breakout levels for automatic execution. Exit conditions rely on stop loss and take profit settings, with stop loss placed inside the range to control risk and take profit calculated based on ATR or fixed pip values. Position sizing uses fixed lot sizes or percentage-based methods but lacks dynamic adjustment mechanisms. Money management relies on basic risk parameters without complex algorithms, posing potential risk amplification after consecutive losses.
Strengths
- Clear and simple strategy logic based on price breakout, easy to understand and verify
- Daily-level range breakout filters out some market noise
- Pending order entry avoids emotional trading with strong execution discipline
Weaknesses
- Fixed stop loss and take profit do not account for market volatility changes, leading to inconsistent performance across different market conditions
- Lacks trend filter, prone to frequent false breakout triggers in ranging markets causing consecutive losses
- Position sizing is overly simplistic without dynamic adjustment or money management algorithms
Possible improvements
- Add ATR-based dynamic stop loss and take profit to automatically adjust risk-reward ratio based on market volatility
- Incorporate a trend filter such as moving average direction or ADX indicator to reduce false breakout entries in ranging markets
Risk assessment
Overall risk: Medium
- Fixed stop loss may be insufficient to cover normal price swings in high volatility conditions
- Lack of new bar check mechanism may cause repeated position openings within the same bar
- No maximum position or maximum loss limit, leaving risk exposure uncontrolled in extreme market conditions
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
RangePeriod | 1 | Daily range calculation period in days |
StopLoss | 500 | Stop loss in points |
TakeProfit | 1000 | Take profit in points |
Lots | 0.1 | Trading lot size |
OrderDistance | 0 | Pending order offset from breakout price in points |
MagicNumber | 12345 | Unique order identifier number |
MaxSlippage | 3 | Maximum allowed slippage |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.