The White Rabbit

WHITE RABBIT - Professional Time Range Breakout Expert Advisor

Overview

White Rabbit is a professional time range breakout Expert Advisor developed from years of manual trading experience. Designed for traders who demand precision and flexibility, it captures high-probability breakout opportunities across any market and timeframe while providing advanced risk management tools specifically tailored for both retail and prop firm trading.

Core Breakout Strategy

White Rabbit identifies high and low ranges within customizable time periods and executes breakout trades when price decisively breaks these levels.

Visual Trading Zones

• Automatically draws breakout boxes on your chart
• Clear visualization of high/low ranges for each session
• Works on any single timeframe from M1 to H4

Dual Breakout Methods

• Box Size Method: Stop loss and take profit calculated from the high-low range of the breakout period with risk-reward ratios
• Fixed Pips Method: Traditional fixed pip-based stop loss and take profit for precise control
• Choose the method that matches your trading style and market conditions

Advanced Entry Management

Entry Buffers for False Breakout Protection

• Requires price to break beyond the high/low by a specified number of pips
• Prevents premature entries on minor level touches
• Adjustable buffer sizes allow conservative or aggressive entry approaches
• Ideal for volatile markets where false breakouts are common

Intelligent Order Placement

• Uses stop orders positioned above/below breakout levels with buffer distance
• Automatically converts stop orders to limit orders when trailing stop or breakeven is triggered
• Captures retracement entries after initial breakout using dynamic price levels
• Maximizes opportunity while protecting capital

Box Size Filters

• Maximum Box Size Filter: Prevents trades when the breakout range is too large, avoiding low probability setups in overly volatile conditions
• Minimum Box Size Filter: Ensures sufficient range exists for meaningful breakouts, filtering out consolidation periods with minimal movement
• Customizable thresholds allow adaptation to different instruments and market conditions

Slippage Control

• Set maximum acceptable slippage in pips
• Protects against poor execution during volatile market conditions
• Ensures orders are filled at acceptable prices or rejected

Flexible Risk Management

White Rabbit offers three distinct position sizing methods to match your trading approach:

Fixed Lot Size

• Trade consistent lot sizes regardless of account balance
• Simple and predictable position sizing
• Ideal for traders with strict position size requirements

Fixed Money Amount

• Risk a specific dollar/currency amount per trade
• Lot size automatically calculated based on stop loss distance
• Maintains consistent monetary risk across all trades

Fixed Percent of Balance

• Risk a percentage of your account balance per trade
• Lot size dynamically adjusts based on stop loss size and current balance
• Professional risk management that scales with account growth
• Recommended for long-term capital preservation and growth

All methods automatically calculate appropriate lot sizes based on your stop loss settings, ensuring precise risk control on every trade.

Session Time Management

Flexible Trading Windows

• Define breakout period (e.g., 8:00 AM to 9:00 AM broker time)
• Set session end time for order management (e.g., keep orders active until 6:00 PM)
• Stop orders remain in place throughout the session, waiting for breakout opportunities
• All times based on your broker's server time

Time to Close Feature

• Automatically close all open trades at session end
• Works regardless of profit or loss status
• Prevents overnight exposure if desired
• Essential for intraday-only trading strategies
• Optional: disable to let trades run beyond session close

This powerful combination allows you to capture breakouts during specific periods while controlling exactly when positions are closed, giving you complete control over trade duration and exposure times.

Position Management Features

Order Layering System

• Add multiple positions as price moves favorably
• Protects initial orders when adding new positions
• Scales into winning trades while managing overall exposure
• Customizable spacing between additional orders

Separate Trailing Stop and Breakeven

• Move positions to breakeven at specified profit levels
• Fixed pip trailing stop locks in profits as price moves
• Independent controls allow precise trade management strategies
• Protects profits while allowing trades room to develop

Daily Trade Control

• Set minimum and maximum number of trades per day
• Prevents overtrading during volatile or choppy conditions
• Flexible range from 1 to multiple trades based on your strategy
• Allows conservative or aggressive trading approaches

Prop Firm Ready

White Rabbit includes dedicated features specifically designed for prop firm challenge and funded account management:

Profit Target

• Set your overall challenge profit goal
• EA automatically stops trading when target is reached
• Locks in profits and prevents overtrading after hitting objectives
• Essential for passing evaluation challenges

Maximum Daily Drawdown

• Define your maximum acceptable daily loss
• Trading halts immediately when threshold is hit
• Protects your account from violating prop firm rules
• Resets daily for fresh risk management each session

Initial Account Size Setting

• Input your starting account balance or challenge size
• EA tracks drawdown from this baseline
• Critical for accurate prop firm compliance
• Ensures drawdown calculations match firm requirements

Continuous Monitoring

• All metrics tracked from the moment EA is loaded
• Real-time profit and drawdown calculations
• Automatic trading suspension when limits are reached
• Peace of mind knowing your account is protected

Fully compliant with major prop firm rules including FTMO, The5ers, and others. Designed to help you pass challenges while protecting your funded accounts from rule violations.

Universal Market Compatibility

Works on Any Instrument

• Forex pairs (majors, minors, exotics)
• Indices (US30, NAS100, SPX500, etc.)
• Commodities (Gold, Silver, Oil, etc.)
• Cryptocurrencies (Bitcoin, Ethereum, etc.)

Works on Intraday Timeframes M1 to H4

• M1/M5 for scalping strategies
• M15/M30 for intraday trading
• H1/H4 for session-based approaches

Spread Filter

• Avoids trade execution during high spread conditions
• Set maximum acceptable spread in pips
• Protects against poor fills and excessive costs
• Essential for broker compatibility and profitability

Settings are fully adjustable for each market's unique characteristics. Optimize pip values, buffer sizes, box size filters, and risk parameters to match instrument volatility and your trading objectives.

Key Advantages

Developed by a Manual Trader White Rabbit was built from real trading experience, not theoretical concepts. Every feature addresses actual market conditions and practical trading challenges encountered through years of live trading.

Meticulous Development Years of refinement have produced a robust system that handles edge cases, order management complexities, and real-world trading scenarios. Extensive testing across multiple instruments and market conditions ensures reliability.

Complete Flexibility Customize every aspect of the strategy to match your risk tolerance, market conditions, and trading goals. White Rabbit adapts to your approach rather than forcing you into a rigid system. From conservative single-trade-per-day strategies to aggressive multi-trade approaches, the EA accommodates your style.

Professional Risk Management Multiple layers of protection ensure capital preservation while maximizing profit potential through intelligent position sizing and dynamic order management. Three risk modes, box size filters, spread filters, slippage control, and prop firm features provide institutional-grade risk control.

Optimized Set Files Included Pre-configured settings provided to help you get started quickly. Detailed setup instructions and optimization guidance available in accompanying blog documentation.

Complete Trading Solution From entry to exit, White Rabbit manages every aspect of the trade lifecycle. Intelligent order placement, dynamic position management, time-based controls, and automated risk monitoring create a comprehensive trading system that works while you sleep.

Important Notes

The EA requires optimization for each instrument due to differences in pip values, volatility, and market behavior. Take time to backtest and forward test before live trading. Start with the provided set files and adjust parameters based on your specific broker conditions, instrument characteristics, and risk tolerance.

Past performance does not guarantee future results. Proper optimization, risk management, and understanding of market conditions are essential for success. Always test on demo accounts before risking real capital.

Comprehensive setup guide, optimization tips, input parameter explanations, and trading strategies available in the accompanying blog post.

Support

For questions, optimization assistance, or feature requests, contact me through the MQL5 messaging system or product comments section. I'm committed to helping you get the most out of White Rabbit.