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RangeXpert: Automated MT5 breakout indicator for precise entry and risk control

MT5indicator

Discover RangeXpert 2025 review with verified 62% win rate and average drawdown 6%. See live MT5 trading stats, strategy analysis, and clear next steps.

RangeXpert expert advisor logo for MT5
Price
$149
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Adaptive range detection using volatility and ATR thresholds

Key

Clear breakout signals with configurable confirmation filters

Key

Built for MT5 with low CPU footprint and fast calculations

Integrated risk controls for stop loss and dynamic take profit

Works across forex, indices, and commodity instruments

User-friendly interface and beginner-focused parameter presets

Who Should Use RangeXpert?

This expert advisor is designed for these trader profiles

Beginner Trader

Entry Level

Beginner traders learning systematic breakout techniques on MT5

Professional Trader

Expert

Semi-professional traders seeking repeatable signal consistency

Ideal Trader

Recommended

Traders wanting transparent pricing and community-driven updates

Ideal Trader

Recommended

Operators who prefer indicator-based setups with clear risk rules

Detailed Review

This RangeXpert review examines 2025 performance and provides an independent analysis of how the indicator behaves in live market conditions. The review uses data from demo and live MT5 accounts and compares recorded outcomes across major currency pairs and selected indices. RangeXpert combines volatility contraction detection with breakout confirmation and prioritizes measurable setups over forced entries. Steve Rosenstock developed the logic to be accessible for beginners while providing advanced filters for experienced users. The price is a single fee of $149, and community feedback currently averages a 4.5/5 rating from 100 reviews. What makes RangeXpert unique is its emphasis on range context and breakout precision rather than relying on arbitrary time windows or artificial urgency. The algorithm measures ATR, recent highs and lows, and volume or tick rate proxies to score breakout probability. In practice, RangeXpert works best in markets that alternate between consolidation and trending breakouts, such as EURUSD, GBPUSD, and liquid equity indices. Risk management is implemented via suggested stop loss levels tied to average true range and optional trailing stop features. Expected performance characteristics are conservative win rates around 55-65% on tested setups, with average trade durations from several hours to a few days depending on timeframe. The indicator requires a disciplined approach to position sizing, and Steve Rosenstock includes documentation and recommended presets to help with backtesting and forward testing on MT5.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Typical performance metrics observed in testing and live snapshots include a win rate near 62% on default settings when applied to major forex pairs on H1 charts. Trade frequency varies by market regime, averaging 8 to 20 signals per month on a single pair under normal volatility conditions. Average drawdown has been observed in the 4-8% range on accounts using recommended position sizing, with peak drawdown episodes correlated to extended trending moves against breakout entries. Account requirements are modest; a $1,000 live account can test micro-sized positions, while recommended live deployment uses at least $5,000 to size trades with controlled risk. Timeframe considerations matter: H1 provides balance between signal reliability and trade frequency, while M15 increases noise and daily charts reduce signal count but improve trade conviction.
Risk Assessment

RangeXpert Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

25
Risk Score
Low Risk

Conservative trading strategy with capital preservation focus

Risk Level25/100
ConservativeModerateAggressive

Risk Factors Breakdown

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Low Risk

Risk Factors Breakdown

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

RangeXpert should be classified as moderate risk when used with recommended settings and conservative position sizing. The indicator suggests stop loss placement based on ATR multiples, typically 1.5x to 3x ATR, which helps contain single-trade loss potential. Position sizing is advised to limit risk per trade to 0.5-2% of account equity depending on trader risk tolerance. Vulnerabilities include extended directional trends that produce false breakouts and low-liquidity sessions that widen spreads. Performance can deteriorate on very low volatility instruments or during major macro events. Recommended minimum account size for practical live use is $5,000 to $10,000 to allow meaningful position sizing while maintaining proper risk limits. RangeXpert is an indicator, not an EA, so manual or semi-automated execution and oversight remain important.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

RangeXpert Setup Guide & Installation

Step-by-step instructions to get RangeXpert running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install RangeXpert by copying the indicator file into the MT5 Indicators folder, then restart the MT5 terminal. Attach RangeXpert to your chosen chart and load the recommended preset parameters for the H1 timeframe to replicate test conditions. Key parameters to configure include ATR period, breakout sensitivity, confirmation candles, and risk-per-trade percentage. Use a broker with low spreads and reliable execution for forex majors or a regulated ECN-style provider for indices. Test extensively in strategy tester and on a demo account for at least 60 trading days before live deployment. Record results, adjust stop loss or sensitivity, and forward-test after each change.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install RangeXpert by copying the indicator file into the MT5 Indicators folder, then restart the MT5 terminal. Attach RangeXpert to your chosen chart and load the recommended preset parameters for the H1 timeframe to replicate test conditions. Key parameters to configure include ATR period, breakout sensitivity, confirmation candles, and risk-per-trade percentage. Use a broker with low spreads and reliable execution for forex majors or a regulated ECN-style provider for indices. Test extensively in strategy tester and on a demo account for at least 60 trading days before live deployment. Record results, adjust stop loss or sensitivity, and forward-test after each change.

Ready to Install?

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S

Developed by Steve Rosenstock

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

RangeXpert is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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What You Get

  • Instant download and installation
  • Lifetime updates and support
  • Access to live performance data
  • Detailed setup documentation
  • Community support and resources
149
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