Binario EA
Dual-EMA (High/Low) range breakout via pending stops · Free · MT4
About Binario EA
The Binario Expert Advisor, documented at earnforex.com, is a MetaTrader 4 trading system built on exponential moving averages (EMA) of the same period calculated on two different price ranges — the High price and the Low price.
It places two pending orders simultaneously: a buy-stop order near the EMA calculated over High prices, and a sell-stop order near the EMA calculated over Low prices, each with a configurable buffer above/below the moving average. The stop-loss for each position is set at the opposite EMA level, while take-profit is a fixed pip amount defined by the trader — effectively, the EA trades a breakout from the range formed between the two EMAs.
- Platform: MetaTrader 4
- Strategy: Dual-EMA (High/Low) range breakout via pending stop orders
- Entry: Buy-stop near High-EMA, sell-stop near Low-EMA
- Exit: SL at opposite EMA, fixed-pip TP
- Price: Free
- Source: earnforex.com · Binario MetaTrader 4 Expert Advisor
Key Features
✓ Free and transparent — the entire dual-EMA breakout mechanic is clearly documented
✓ Uses pending stop orders rather than market orders, reducing slippage on entry
⚠ Range-breakout systems can trigger false breaks in choppy markets — backtest across varied conditions before committing real capital