Review of the Fx Range Breaker EA

EA Name	Currency Pairs	Timeframe	Strategy	ECN	4&5 Digits	Take Profit	Stop Loss	Home Page
Fx Range Breaker	GBPUSD, GBPJPY, GBPCHF	D1	Breakout	Yes	Yes	20-30	40-60	Fx Range Breaker Website

 

Performance

License

$499 for the EA. There doesn’t appear to be any limitation as to how many accounts it can be used on.

 

Strategy

In the above Graph which is Daily GBPUSD graph, you can see more or less everyday price breaks from previous days highs or lows

To name a few all the breaks with   ?  on them are false breaks and you could have been ended up in loss if you opened a position just after a breakout.

All the breaks with ? on them are genuine breakouts and your could have earned some money

This method of entering soon after every breakout at anytime is very an inconsistent method and not suitable for  trading

To prevent this a bunch of indicators have been installed in Fx Range Breaker, which has to be satisfied before it enters a trade after a  breakout  occurs.

By having these indicators, you can maximize the profit or good trades and minimize the losses

Fx Range Breaker is not a  holy grail, and not a no loss robot but a robot which makes more profits than loss , so you get a Gross profit

 

Recommended Brokers

Fx Range Breaker works on just about any broker out there. Our recommended FXOpen or IamFX are no exception and provide great execution time and spreads for this powerful EA.

 

Conclusion

Interesting expert advisor to say the least. This one doesn’t have the hype or big e-mail blasts to back it, but it seems to be going viral naturally which is always a good sign. I will update this final conclusion on Fx Range Breaker when I get some more results from it.

 

Overall Rating

March 31st, 2010 at 4:14 am -