Specification
EA SPECIFICATION SHEET
OBJECTIVE:
Build a transparent, non-martingale, non-grid breakout EA for XAUUSD that trades only high‑quality breakouts during London + New York sessions.
1. TRADING INSTRUMENT
- XAUUSD only
- MT4 platform
- 5‑digit ECN broker
2. CORE STRATEGY LOGIC (BREAKOUT + CONFIRMATION)
A trade is allowed ONLY when ALL conditions are true:
- Candle closes beyond previous high/low (no wick breakouts)
- ATR(14) above threshold (volatility filter)
- MA(50) slope matches direction (trend filter)
- No consolidation: last 10 candles > 20‑pip range
- Spread below max spread
- Session filter active
3. ENTRY RULES
BUY:
- Close above previous high
- MA(50) sloping up
- ATR above threshold
- Spread OK
SELL:
- Close below previous low
- MA(50) sloping down
- ATR above threshold
- Spread OK
4. EXIT RULES
- Hard SL: fixed (30–50 pips)
- Hard TP: fixed (60–100 pips)
- Optional ATR trailing stop
- No virtual SL/TP
- No hidden exits
5. MONEY MANAGEMENT
- Fixed lot OR auto‑lot
- Auto‑lot: 0.01 per $300 equity
- No martingale
- No grid
- Max 1 trade at a time
- Daily equity stop: stop trading if equity drops 10%
6. FILTERS
Spread Filter:
- Block trades if spread > 100 points (10 pips)
Slippage Filter:
- Max slippage 5 points
Session Filter:
- Asia OFF
- London: 10:00–13:00 (broker time)
- New York: 15:00–18:00 (broker time)
News Filter (optional):
- Block 30 min before/after high‑impact USD news
7. SAFETY RULES
- No martingale
- No grid
- No hedging
- No recovery systems
- No “series” logic
- No hidden indicators
- No repainting indicators
- No virtual SL/TP
- All logic visible in code
8. DASHBOARD DISPLAY
- Spread
- ATR value
- Trend direction
- Session active/inactive
- Next news event (if enabled)
- Current lot size
- Last trade result
9. USER INPUTS
- Lot size
- Auto‑lot on/off
- SL
- TP
- ATR threshold
- MA period
- Session times
- Spread limit
- Slippage limit
- Trailing stop on/off
- News filter on/off
10. CODING REQUIREMENTS
- MT4 (MQL4)
- ECN‑safe (send order then modify SL/TP)
- No DLLs
- No external dependencies
- No obfuscation
- Clean, readable code
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Project information
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Deadline
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