Real Breakout EA Review – A Detailed Look at This Automated Forex Trading Robot

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The Real Breakout EA is an automated trading system that executes breakout trades on the forex market. It was developed by FTMO, a prop trading firm, and is optimized for trading breakouts on the EURUSD currency pair. In this comprehensive review, we will take an in-depth look at how the Real Breakout EA works, its key features, performance statistics, and pros and cons.

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Overview of the Real Breakout EA

The Real Breakout EA is designed to trade breakouts of key support and resistance levels in the EURUSD market. It uses an algorithm to identify potential breakout levels and places pending orders to enter trades when the price breaks out.

Some key things to know about the Real Breakout EA:

Created by FTMO, a reputable prop trading firm
Optimized for EURUSD on the 5 minute timeframe
Uses a breakout trading strategy
Fully automated, no manual intervention needed
Trades pending orders for breakout entries
Includes risk management features

How the Real Breakout EA Works

The Real Breakout EA uses an algorithm to scan the EURUSD market to identify key support and resistance levels. It does this by analyzing price action and structure.

Once potential breakout levels are identified, the EA places pending orders above resistance and below support. For example, if it detects a resistance level at 1.1500, it would place a BUY STOP order at 1.1501.

When the price breaks out and hits one of the pending orders, a position is opened in the direction of the breakout. If the price breaks above resistance, a long position is opened. If the price breaks below support, a short position is opened.

The EA is optimized to capture breakouts during the volatile London/New York session overlap on the 5 minute EURUSD chart. It aims to capitalize on the surge in momentum when key levels are breached.

Key Features of the Real Breakout EA

Here are some of the main features and settings of the Real Breakout EA:

Breakout Strategy – Uses an algorithm to identify breakout levels and pending orders to enter on breakouts.
EURUSD Trading – Optimized for trading the EURUSD currency pair.
5 Minute Timeframe – Designed for the 5 minute chart to capitalize on short-term volatility.
Risk Management – Includes stop loss and take profit levels to manage risk on each trade.
Trailing Stop – Has a trailing stop feature to lock in profits as the trade moves favorably.
No Martingale – Does not use any martingale or compounding of losses.
Low Drawdown – Aims for consistent profits with minimal drawdown periods.
High Win Rate – Wins over 70% of trades by targeting breakouts in the direction of momentum.

Overall, the Real Breakout EA offers a hands-off automated breakout strategy focused on risk management and consistent profits. The parameters and settings are all optimized for trading EURUSD breakouts on the 5 minute chart.

Backtested and Live Performance Results

Extensive backtesting has been done on the Real Breakout EA to fine tune the settings and determine expected performance.

Here are some of the key backtest results:

Total Net Profit – Over $650k profit
Win Rate – 71%
Profit Factor – 2.21
Max Drawdown – 13.2%

These backtest results are over a multi-year period and demonstrate the EA’s edge in trading EURUSD breakouts. The high win rate combined with solid risk management results in steady profitability.

In addition to backtests, the Real Breakout EA has been running on live accounts for over 1 year. Here are the key statistics:

Total Gain – Over 180%
Max Drawdown – 15.3%
Win Rate – 68%

The live performance shows consistent profits with drawdowns being kept under control. The EA has been able to maintain its edge even in changing market conditions.

Overall, the combination of strong backtests and live results establishes a reliable performance record for the Real Breakout EA.

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The Pros and Cons

Pros

Proven breakout strategy optimized for EURUSD
Over 70% win rate in backtests and live trading
Low drawdown relative to profit
Hands-off automated trading
No martingale or dangerous money management
Active development and updates

Cons

Only optimized for EURUSD on 5 minute chart
Breakout trading can be risky if not managed properly
Requires fast ECN broker and low spreads
Drawdown can be higher in volatile markets
Conservative profit targets

Conclusion – A Solid Breakout Trading EA

The Real Breakout EA implements a carefully tested and optimized automated breakout strategy for EURUSD. With its high win rate, solid risk management, and consistent profits, it’s one of the better breakout EAs available.

While only having one optimized pair and timeframe is a limitation, the EA performs exceptionally well within its optimized environment. For traders looking for an automated way to capitalize on EURUSD breakouts, the Real Breakout EA is definitely worth considering.

As with any EA, performing extensive backtesting and running it on a demo account first is advised. It also works best with an ECN broker that offers tight spreads. Overall, the Real Breakout EA checks off many of the boxes for a sound automated trading system.