TL;DR

Range Breakout EA (full name "Range Breakout EA with Range Filters") is Jimmy Peter Eriksson's session-breakout strategy. Live since August 2024, currently at version 4.80 (updated March 2026), priced at $449 with 10 activations. The EA trades five markets at once (XAUUSD, USDJPY, BTCUSD, US30, DE40) by marking out the low-volatility Asian session range and entering when London opens.

The dedicated signal (#2271995) has been public on a real IC Markets account for 77 weeks at time of writing. The numbers: +159% growth from $1,000 to about $2,289, 1,455 trades, 42.47% win rate, profit factor 1.10, max balance drawdown 28.29%. The PF of 1.10 tells you what kind of system this is: an R:R play, not a hit-rate play. It wins because the winning trades are roughly twice the size of the losing ones, on a 42% win rate.

What works: real-money proof, a transparent signal, active maintenance, no martingale or grid. What's weaker: a thin PF, deep drawdowns, no news filter (London-open timing is a hard compliance problem on strict prop firms), no third-party audit, and a "170% PROFIT" cover claim that doesn't map cleanly onto any specific number.

At a glance

What the EA does

Range Breakout is a session-driven breakout strategy:

1. During the low-volatility Asian session, the EA marks out the trading range for each enabled instrument.
2. Internal "range filters" decide which breakouts qualify. The filters are baked in, not user-configurable. The product's listed inputs expose Risk Level (Low/Medium/High) and symbol selection, not the filter mechanics.
3. When London opens, breakouts are taken in the direction of the move.
4. Positions close later in the day when volatility slows down. The EA does NOT hold over weekends.
5. The same logic runs on five markets at once: XAUUSD, USDJPY, BTCUSD, US30, DE40.

What the vendor explicitly disavows: martingale, grid, indicator dependency, and AI / ML / "ChatGPT" marketing. There's a hard stop loss on every trade and a daily DD protector wired in for prop firm use.

The strategy is a real, classic breakout pattern. The "range filters" aren't fully documented, which is annoying but also pretty normal for paid EAs.

The numbers: what's actually verifiable

Signal (dedicated)

Signal #2271995, "Range Breakout EA":

• Account: real money, IC Markets-MT5-2, 1:500 leverage
• Initial deposit: $1,000
• Current balance: ~$2,268 (equity ~$2,289)
• Duration: 77 weeks (started Nov 2024)
• Growth: +159.49%
• Trades: 1,455 (~25 trades/week, avg hold 7h)
• Win rate: 42.47%
• Profit factor: 1.10
• Max balance drawdown: 28.29%
• Max equity drawdown: 8.96%
• Sharpe: 0.04
• Per-instrument trade split: USDJPY 388, US30 288, DE40 272, BTCUSD 269, XAUUSD 238
• Subscribers: 0

This is a live money account with real trades and public history, which is solid evidence the strategy does what it says, but the PF of 1.10 means the edge is thin and the 28% drawdown is real.

Portfolio signal (mixed)

Signal #2340542, "Eriksson Systems Complete Portfolio" runs Range Breakout alongside Jimmy's other EAs. It shows +445% growth but with 74.9% drawdown, so it's not pure Range Breakout attribution.

Backtest

The product page does NOT publish formal backtest metrics (no PF, no DD, no modelling quality block, no instrument-by-instrument breakdown). Vendor comments cite numbers like "121% total profit", "~10% profit per month", "21% this month". Those are point-in-time updates, not audited stats. The fact that the backtest stays this opaque is itself a yellow flag.

External audit

None. No MyFxBook, no FxBlue, no Darwinex link from the product page. Just MQL5's own signal.

The 170% PROFIT claim: what it actually means

The product cover image is dominated by a "170% PROFIT" badge. Here's what it refers to:

• It's NOT a verified backtested return.
• It's NOT a risk-adjusted (Sharpe / Sortino) figure.
• It's NOT a third-party audited number.
• It IS the signal's growth at a point in time, currently +159.49% over 77 weeks and trending higher.

The signal account is $1,000 starting capital on IC Markets, real money. Some deposits ($1,578 in) and withdrawals ($1,502 out) have happened, so the "growth %" is the balance curve number rather than a clean ROI. Treat 170% as the marketing high-water mark from the signal account, not as a guaranteed outcome.

Prop firm fit

The vendor positions the EA as "Prop Firm Ready", though only FTMO is named explicitly. The architecture:

• ✓ No martingale, no grid
• ✓ Daily Loss Protector (closes all trades on configured cutoff)
• ✓ Randomizer for per-user uniqueness
• ✓ No weekend holds (trades close intraday)
• ✓ Hard SL on every trade
• ✗ No news filter. Biggest practical gap.
• ✗ London-open timing collides with high-impact EUR/GBP/USD news windows
• ✗ Min capital recommendations not size-tiered for $10k / $25k / $100k accounts

The London-open and no-news-filter combo is the single biggest problem for prop firm use, because London open is also when CPI, NFP, and BoE / ECB / Fed announcements often hit. If your firm has a 5-minute news-trading lockout, Range Breakout will frequently enter inside that window. Pausing it by hand is the workaround, but that needs you to be paying attention.

The 28% signal drawdown is also a concern. Most prop firms cap overall drawdown at 8 to 10%. To keep the EA inside those limits, risk per trade has to be set very conservatively, well below the default Medium setting. Backtest your specific risk % before you deploy to a funded account.

What real users say

MQL5 reviews (18 total, 4.44 average):

Positive verbatim:

"Endlich kein Grid/Martingale System mehr! Der EA arbeitet genau so wie im Video." (Torsten Zank)

"Es el mejor EA que he probado, simple. la estrategia funciona si sabes aplicarla." (Victor Tobon)

"Simple, but effective EA from a trusted developer. I run on gold only and its been great." (recent buyer)

Negative (the load-bearing ones):

Bob Thomson initially gave 1-star: "I spent over 200 dollars for this EA yet the developer refuses to implement the option to set the SL in percentage… hides the fact that you can't trade gold fully automatic." Later edited to 5-star after the dev added the feature.

Anton Greydon (1-star to 4-star): "falls squarely into the stereotype of German engineering. It is needlessly overcomplicated", but conceded "one of the best EAs out there when it comes to performance if YOU KNOW WHAT YOU ARE DOING."

"high correlation with other EAs from the author", flagged for traders running Jimmy's other EAs side-by-side.

The pattern is that the complaints are usability and feature gaps, not strategy failure, and negative reviews routinely get edited upward after the developer ships fixes. That's a straight-vendor signal, which is atypical of MQL5 scam EAs.

Outside MQL5: essentially silent. ForexPeaceArmy has no thread. Forex Factory has one thread that's low-volume. Reddit and X have zero organic discussion. The YouTube reviews are all on Jimmy's own channel (the5ers 100K pass, FTMO challenge passes), so they're vendor-published rather than third-party verified. Reseller and pirate sites (cheaperforex, eafxstore, ecomforex) exist, but their copy isn't independent.

Caveats worth saying out loud

Profit factor of 1.10 is very thin. The edge is real but small, and one bad cluster of trades will wipe months of gains. The 28% drawdown isn't a worst-case projection either, it's already happened on the signal account.

No news filter, London-open timing. This is the compliance gap that matters most.

Range filters are undocumented. The product is named "with Range Filters", but the filters are baked in, not configurable.

No backtest stats published on the listing. The 77-week signal is the only auditable number set. That's better than nothing but worse than a transparent walk-forward analysis.

Correlation with Jimmy's other EAs. A reviewer flagged this explicitly. If you run Range Breakout alongside Prop Firm Gold, Gold Atlas, or Pulse Engine (which also covers XAUUSD), you have overlapping XAUUSD exposure on the same daily breakout setups, so plan your portfolio mix accordingly.

0 subscribers on the signal. 77 weeks public, no copy traders. Mostly a non-issue, but worth noting.

$449 is premium-ish. A direct competitor (BM Trading's "Range Breakout EA", different vendor, also breakout) sells at $197. Jimmy's brand and multi-market coverage justify some of the premium, not all of it.

How Range Breakout compares to peers

It sits in the mid-to-premium tier. The cheaper BM Trading namesake is the obvious value alternative.

Pros and cons

Pros

• Real-money public signal, 77 weeks
• Multi-market coverage (5 instruments) from a single license
• Active maintenance, v4.80 after the Aug 2024 launch
• Architecture is genuinely prop-firm-aware (no martingale, daily DD, randomizer)
• Reputable vendor with multiple 4.5+ rated products
• Vendor responds to feature requests and ships updates

Cons

• Profit factor 1.10, thin edge
• 28% signal balance DD, would breach 10%-rule firms
• No news filter despite London-open timing
• Range filters are not configurable / not documented
• No third-party audit (MyFxBook / FxBlue)
• Correlates with Jimmy's other EAs on shared instruments
• $449 is premium for the category, and cheaper similar-strategy alternatives exist
• 0 subscribers on the signal

Who Range Breakout is for

A good fit if you:

• Run a diversified EA portfolio and need a session-breakout piece
• Trade FTMO funded accounts with active manual news management
• Trust Jimmy's track record across his other products
• Have $1,000+ to deploy and can tolerate 25%+ drawdown swings
• Want multi-market exposure (XAUUSD + JPY + BTC + indices) in one license

Not a good fit if you:

• Need built-in news filtering for hands-off operation
• Run prop firm products with hard 10% overall DD caps
• Want a high-profit-factor smooth equity curve
• Are looking for the cheapest range-breakout option ($197 alternatives exist)
• Already run Jimmy's other XAUUSD EAs and want low correlation

How to get started

1. Buy from MQL5, $449, 10 activations
2. Test the free demo in Strategy Tester first
3. Install on MT5, attach to a single chart
4. Configure: Risk Level Low for prop firms; enable Daily Drawdown Protector below your firm's cap; verify which of the 5 instruments your firm allows
5. Pause it by hand around high-impact news. No built-in filter.
6. Set a unique magic / comment per funded account if running across multiple
7. Monitor the first 4 weeks before scaling

Verdict

Range Breakout EA is a real, working session-breakout strategy with a 20-month public signal showing +159% growth. But the thin profit factor (1.10) and deep drawdown (28%) mean it works better as one slice of a diversified EA portfolio than as a stand-alone deploy. The biggest practical gap is the missing news filter, and London-open timing means you can't ignore that gap.

I trade systematically with EAs on funded accounts and I've tested Jimmy's catalog closely. If you add Range Breakout to that kind of mix, run it on selected accounts with conservative risk and manual news management. The edge is real, but it needs care.

For Jimmy's catalog, this is the session-breakout option. If you want multi-market coverage without breakout-only logic, Pulse Engine is the newer sibling that does 6 markets via intraday patterns. If you want gold-only at a lower price, Prop Firm Gold or Gold Atlas are better fits.

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