This Breakout EA is a fully automated EURJPY Breakout Robot specially optimized to trade on EURJPY pair. The core of this EA is built upon a breakout strategy tailored explicitly for the EURJPY currency pair. A breakout strategy capitalizes when the price moves outside a defined range, going above resistance or below support levels. By targeting the EURJPY pair, this EA leverages the characteristic volatility and price dynamics unique to this currency duo. One of the standout features of this EA is its clear focus on risk management. Unlike many algorithms that depend on high-risk approaches like Martingale or Grid strategies, this EA employs none of those. There’s no double lot size increment, no averaging down, and no high-frequency trading gimmicks. Each trade executed by this EA comes with a predetermined stop loss. This is crucial because if the market moves against a trade, there’s a limit to potential losses. It offers traders the peace of mind that, in the worst-case scenario, they know the maximum they can lose. The developers further emphasize that users should expect the EA not to trade continuously. It’s a cautious algorithm, seeking opportunities rather than taking chances. This approach guarantees that the EA won’t overexpose an account or make impulsive trades. It’s built for the long game, with results expected over 1-2 months, not overnight.