Range Breakout EA with Range Filters — MT5 Multi-Market Breakout
4.47/5 MQL5 · v5.0 · Jimmy Peter Eriksson · AI Score 7.6/10
Range Breakout EA with Range Filters by Jimmy Peter Eriksson is a MetaTrader 5 Expert Advisor that trades the classic Asian-range → London breakout pattern across XAUUSD, USDJPY, BTCUSD, US30, and DE40. The seller positions it as a rule-based system with no martingale and no grid, plus daily drawdown protection aimed at prop-firm style limits.
Listed at $549 on MQL5 (product 122237), version 5.0, 4.47/5 from 20 reviews, and 2,330 demos since 25 August 2024. Primary live signal #2271995 shows roughly +274% growth over 89 weeks with profit factor 1.14 and about 28% maximal balance drawdown. Our AI score is 7.6/10—use the scorecard below before sizing multi-market risk. Scroll the performance notes and community themes below before buying Range Breakout EA with Range Filters—they highlight strengths, limits, and who this expert advisor suits.
Performance Overview
Try Forex Tool Finder — or jump to ranked alternatives after market analysis.
🤖 AI Analysis & Personalized Recommendation
Our AI Analysis Results
Based on our analysis of Range Breakout EA with Range Filters, here is what the scores mean for traders evaluating this multi-market session-breakout EA:
📊 Accuracy: 76%
What this means: Session breakout logic plus an internal range filter is a clear edge narrative, but signal win rate sits near 42%—accuracy is about filtered breakouts, not a high hit-rate scalper.
💰 Profitability: 7.2/10
What this means: Primary signal #2271995 shows strong cumulative growth (~+274% / 89 weeks) with a modest profit factor of 1.14—profitable but not a high-efficiency equity curve.
⚡ Speed: 7.0/10
What this means: Intraday session breakouts close later in the day; expect fewer tickets than M1 scalpers, with activity concentrated around London open volatility.
🛡️ Reliability: 7.0/10
What this means: Long live track and no-grid design help, but ~28% maximal balance drawdown (equity DD nearer 9%) means sizing and daily DD limits matter. Portfolio signal #2340542 is a separate multi-EA track—do not treat its 75% balance DD as this EA alone.
🎚️ Ease of Use: 8.2/10
What this means: Plug-and-play Low/Medium/High risk, one-chart multi-market mode, and timeframe-agnostic attach—among the simpler multi-asset setups on Market.
🔧 Customization: 7.8/10
What this means: Risk %, fixed lots, magic, trade comment, chart display, and per-market preset mode cover live ops without forcing set-file hunting.
🔗 Compatibility: 8.0/10
What this means: Built for MT5 with universal lot sizing claims across brokers/account currencies; seller notes GMT+2/+3 US session server time for correct Asian-range windows.
🤝 Support: 7.8/10
What this means: Reviews often praise Jimmy’s support and private community invite after purchase proof—still verify recent comment threads yourself.
🔄 Update Frequency: 8.0/10
What this means: Current Market version 5.0 since an August 2024 launch shows meaningful iteration (v5.0) in under two years.
⭐ Community Reviews: 7.5/10
What this means: 4.47/5 across 20 reviews and 2,330 demos is solid for a focused breakout EA—sample is smaller than mega-sellers, so read both praise and correlation warnings.
Our AI score of 7.6/10 reflects a transparent no-grid multi-market breakout EA with a long primary live signal—tempered by a modest PF and meaningful balance drawdown that still requires careful risk.
Best suited for: MT5 traders who want Asian-range/London breakout diversification across gold, FX, crypto, and indices, prefer no martingale/grid, and will respect daily DD protectors (including prop-style accounts).
Proceed with caution if: You need PF well above 1.5, cannot tolerate ~28% historical balance DD on the primary signal, or want a single-symbol only bot—see ranked alternatives.
Key Features & Benefits
🌅 Session Breakout Logic
Targets low Asian-session ranges and London-open volatility expansion—closes later as volatility cools, without indicator soup or fixed timeframe dependence.
🛡️ No Martingale / No Grid
Seller marketing and reviews emphasize single-structure breakout risk—no recovery grid layers that can explode floating drawdown.
🌐 Five Built-in Markets
Optimized presets for XAUUSD, USDJPY, BTCUSD, US30, DE40—one-chart multi-market mode or individual charts with live range visualization.
🏢 Prop-Style Protections
Daily drawdown protector and trade randomizer marketed for FTMO-style rules, plus spread filters for extreme conditions.
🎚️ Risk Levels Built In
Low / Medium / High automatic risk, plus manual risk % or fixed lots—no set-files required for the default path.
Real Market Performance Data
📊 MQL5 Market Statistics
🎯 Trading Strategy Details
Why Choose Range Breakout EA with Range Filters
📡 Long Live Track
Primary MQL5 signal spans ~89 weeks with multi-market symbols matching the product scope—rare transparency for breakout EAs.
🛡️ Clean Risk Narrative
No-grid / no-martingale positioning plus daily DD tools appeals to traders burned by recovery systems.
🔀 Explore other options
Want a different breakout or gold-only peer? See our ranked alternatives below—each with AI scores and a one-click compare view.
Market Performance & User Feedback
Official listing: Range Breakout EA with Range Filters on MQL5. Linked developer live signal: Range Breakout EA Live (#2271995). Portfolio context: Eriksson Systems Complete Portfolio (#2340542).
👍 What stands out
- No martingale/grid marketing aligned with buyer comments about “clean” breakout behavior
- Primary signal ~+274% growth over 89 weeks across the five marketed symbols
- One-chart or per-symbol modes with Low/Medium/High risk—low setup friction
- Prop-oriented daily DD protector and randomizer; positive multi-month live anecdotes in reviews
⚠️ Limitations to weigh
- Profit factor ~1.14 on the primary signal—growth exists, edge efficiency is modest
- ~28% maximal balance drawdown on #2271995; size for that reality, not equity-only screenshots
- Win rate under 50%; some pairs struggle more—diversification is intentional, not guaranteed balance
- Buyers note correlation with other Eriksson EAs; portfolio signal #2340542 is multi-product, not this EA alone
Settings & Configuration
🎯 Chart & Markets
- Platform: MetaTrader 5 · AlgoTrading enabled
- Markets: XAUUSD, USDJPY, BTCUSD, US30, DE40
- Timeframe: Any chart (seller: TF does not matter)
- Modes: One Chart (all markets) or Individual + Preset Market
💰 Capital & Risk
- Risk: Low / Medium / High, or manual risk %, or fixed lots
- Protections: Daily drawdown protector · spread filter · randomizer
- Server time: Prefer GMT+2 / GMT+3 US session brokers
- Prop: Seller markets FTMO / The5ers / FundedNext style use—verify your rules
🖥️ Operations
- Default: Attach → choose risk → run (no set-files required)
- Live preferred: Individual charts so you can see range/breakout drawings
- VPS: Recommended for London-open coverage
- Forward test: Cross-check #2271995 before raising risk
Purchase & Resources
💰 Purchase Range Breakout EA with Range Filters
Range Breakout EA with Range Filters is available on MQL5 (product 122237) for $549 USD (next step $599, final $999). A free demo is available (2,330 downloads). After purchase, message the seller with proof for the private community invite.
Related Tools & Resources
Frequently Asked Questions
How much does Range Breakout EA with Range Filters cost on MQL5?
The listed buy price is $549 USD on MQL5 (product 122237), with staged increases toward $599 then a $999 final price. A free demo is available (2,330 downloads).
Which markets and timeframe should I use?
Built-in markets are XAUUSD, USDJPY, BTCUSD, US30, and DE40. Attach on any timeframe—the seller states timeframe does not matter. Use one-chart multi-market mode or individual charts with matching Preset Market inputs.
Is there a live MQL5 signal?
Yes. The product links Range Breakout EA Live (#2271995) as the primary track (~+274% growth / 89 weeks, PF ~1.14, ~28% balance DD at review time). A separate portfolio signal (#2340542) mixes multiple Eriksson systems—do not treat it as this EA alone.
Does it use grid or martingale?
No. The seller explicitly markets no martingale and no grid. Risk comes from breakout losses and multi-market correlation, not recovery layering.
Is it prop-firm friendly?
It includes a daily drawdown protector and trade randomizer marketed for FTMO-style environments. Always match your firm’s rules, symbol availability, and news restrictions—protectors do not guarantee a pass.
Who developed Range Breakout EA with Range Filters?
Jimmy Peter Eriksson. Purchase and support flow through the MQL5 Market product page; private community access is offered after proof of purchase.