Description
EURUSD_DAILYBREAK β Strategy Description
Overview
EURUSD_DAILYBREAK is an automated breakout strategy designed for the EURUSD pair on the M15 timeframe.
The system trades structured daily range breakouts with fixed risk parameters and optional trend filtering.
The strategy focuses on controlled volatility expansion after a defined daily range period.
Strategy Type & Trading Approach
This is a time-based breakout system.
Each trading day:
- The bot defines a range during a specific βRange Hourβ (UTC).
- After the range is formed, it waits for price to break above or below it.
- A trade is executed only if the breakout exceeds a defined buffer (Break Buffer in pips).
- Only one position is allowed at a time.
The strategy is mechanical and rule-based β no martingale, no grid, no averaging.
Entry Logic & Execution Behaviour
Buy Trade:
- Price breaks above the defined daily range high
- Breakout exceeds Break Buffer
- Spread must be below Max Spread setting
- Optional: H1 EMA trend filter confirms bullish bias
Sell Trade:
- Price breaks below the defined daily range low
- Breakout exceeds Break Buffer
- Spread filter condition met
- Optional: H1 EMA confirms bearish bias
Orders are placed at market price with fixed Stop Loss and Take Profit in pips.
Risk & Capital Management
- Fixed lot size (user-defined)
- Fixed Stop Loss (pips)
- Fixed Take Profit (pips)
- No martingale or progressive lot sizing
- Optional Daily Profit Target
- Optional Daily Loss Stop
If Daily Limits are enabled:
- Trading stops for the day after reaching defined profit or loss threshold.
This helps control drawdowns and overtrading.
Key Trade Parameters
- Range Hour (UTC) β defines when the daily range is formed
- Break Buffer (pips) β minimum breakout distance
- Stop Loss (pips)
- Take Profit (pips)
- Max Spread filter
- Trade End Hour (UTC)
- H1 EMA Period (optional trend filter)
- Daily Profit / Loss limit
- Updated Version β Who This Bot Is Best For
Recommended Capital Guidelines
The bot uses fixed lot sizing. Proper capital allocation is important for risk control.
Capital & Position Sizing Guidelines
This strategy is designed to scale proportionally with account size:
- $100+ β 0.01 lot
- $500β$1,000 β 0.05β0.10 lot
Increasing lot size without sufficient capital may result in elevated drawdowns.
To maintain long-term stability:
- Apply conservative leverage
- Avoid aggressive position sizing
- Ensure adequate free margin at all times
Summary
The bot includes optional trend filtering via a 1-hour EMA to confirm trade direction and enforces a maximum spread condition for trade execution. It employs fixed lot sizing without martingale, grid, or averaging techniques. Users can set daily profit and loss limits to control drawdowns and prevent overtrading.
Key configurable parameters include range hour, breakout buffer, stop loss, take profit, maximum spread, trade end hour, EMA period, and daily profit/loss limits. The strategy is designed to scale with account size, recommending conservative leverage and appropriate capital allocation to maintain stability. Backtesting from November 2025 to February 2026 shows a profit factor of 1.96 and a maximum drawdown of 8.14%. The bot targets controlled volatility expansion following daily range formation for EURUSD breakout trading.
