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Terry Julius Salo  

El Dorado Gold v1.25 — session breakout EA for XAUUSD

How it trades: builds a range during set windows and places Buy Stop / Sell Stop beyond the range (BufferPoints). After entry it moves SL to break-even (can add spread) and cancels the opposite pending. Daily DD guard can flatten & pause.

Quick start

  • Symbol: XAUUSD* (suffixes auto-detected if TradeSymbol="" ).

  • Timeframe: any; M1/M5 recommended (range built from M1).

  • Live tip: set ValidationFallback = false (fallback is only for Market tests).

  • Suggested starter inputs (adjust to broker time):
    BufferPoints=800 , StopLossPoints=1000 , TakeProfitPoints=0 ,
    BE_Trigger_Points=20 , BE_Offset_Points=0..5 , CoverSpreadAtBE=true ,
    Cancel 22:00 , Close 22:30 .

  • Drawdown guard: %DD=4.0 by default (absolute off).

  • One instance per chart; use a unique MagicNumber if you run multiple.

Known limits: XAUUSD only; no martingale/grid; orders respect broker stop/freeze levels.
Backtest: “Every tick” with M1 data; disable ValidationFallback .

Questions? Comment here and I’ll help.