Specification
Technical Specifications: "Dawn Range Breakout" Expert Advisor (Final Version)
1. Overview
The purpose of this EA is to capture the breakout of a specific hourly range on Gold (XAUUSD) or any other pair, with a focus on high-precision entry, strict risk management (1 trade per day), and partial profit taking.
2. Core Trading Logic
Timeframe: M15.
Reference Hour: The EA must identify the High and Low of the H1 candle at a specific time (Default: 00:00 GMT / 03:00 Yemen Time).
The Range: This High and Low will act as the "Breakout Zone" for the entire day.
Entry Trigger:
BUY: First M15 candle to CLOSE its body above the Range High.
SELL: First M15 candle to CLOSE its body below the Range Low.
Daily Limitation: The EA must execute ONLY ONE (1) trade per day. If a Buy or Sell is triggered, the EA stops for the day regardless of the outcome (Profit or Loss).
3. Advanced Trade Management (Partial Take Profit)
To maximize safety, the EA must use the following logic:
Initial Stop Loss (SL):
For Buy: Range Low.
For Sell: Range High.
Target 1 (TP1): When price reaches 1:2 Risk-to-Reward (RR):
Close 50% (half) of the position volume.
Move Stop Loss (SL) to Break-Even (Entry Price).
Target 2 (TP2): Keep the remaining 50% open until it hits 1:3 Risk-to-Reward (RR).
4. Filters & Safety
Trading Window: If no breakout occurs before 09:00 GMT (12:00 PM Yemen Time), the EA must cancel all pending logic for that day and wait for the next day.
Risk Management: Calculate Lot Size automatically based on a fixed dollar amount (Default: $100 per trade). Lot Size = (Risk Amount) / (SL distance in points).
Spread Filter: Do not enter a trade if the current spread is higher than a user-defined value.
5. User Input Settings (Adjustable)
Range_Start_Hour: (Default: 0) -> Hour to define the range.
Trading_End_Hour: (Default: 9) -> Hour to stop looking for breakouts.
Risk_USD_Per_Trade: (Default: 100).
Partial_TP_RR: (Default: 2.0).
Final_TP_RR: (Default: 3.0).
Partial_Close_Percent: (Default: 50%).
Max_Spread: (In Points).
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