Blaq Slug

BLAQ SLUG EXPERT ADVISOR

Blaq Slug Scalper is built to trade breakout movements based on a predefined daily price range and is optimized for GBPUSD on the H1 timeframe with configurable support for other pairs.

The system identifies a morning range and creates a dynamic “box”. Once the range formation period ends, the EA places pending orders above and below the range to capture potential breakout movements.

The EA also includes smart trade management features such as configurable risk profiles, optional recovery-based lot scaling, break-even protection, and a trailing stop system for managing open trades.

Strategy Overview

  • Recommended Symbol: GBPUSD

  • Recommended Timeframe: H1

  • Trading Method: Time-based breakout strategy

  • Order Type: Pending Buy Stop and Sell Stop orders

  • Trade Management: Break-even logic and trailing stop protection

The EA builds a price range during a specified session. When the range closes, pending orders are placed above and below the range boundaries. When price breaks out of the range, the corresponding trade is activated and managed according to the configured risk and management parameters.

Main Features

• Automated breakout trading based on a daily range
• Dynamic range (“box”) formation during a defined session
• Pending order entries above and below the range
• Configurable risk management system
• Optional recovery lot scaling system
• Break-even protection for additional trades
• Adjustable trailing stop system
• Compatible with both hedging and netting accounts
• Fully customizable trading parameters

Recommendations

• Recommended timeframe: H1
• Recommended trading symbol: GBPUSD
• Recommended minimum deposit: $100 for low-risk trading conditions
• A Raw Spread or ECN account with very low spreads is strongly recommended for optimal performance
• A stable internet connection or VPS is recommended to ensure uninterrupted operation
• Low spread trading conditions may significantly improve execution and overall results
• It is strongly recommended to test the EA on a demo account first before using it on a live account

Input Parameters

EA Information

Recommended Symbol and Timeframe
Displays the recommended trading setup used during development and testing.

General Settings

Magic Number
Unique identifier used by the EA to manage its own trades.

Base Lot Size
Initial lot size used for the first trade.

Maximum Lot Size
Maximum allowed lot size during recovery cycles.

Recovery Multiplier
Multiplier applied to the lot size after a losing trade.

Maximum Recovery Trades
Maximum number of additional trades allowed during recovery.

Order Split Settings

Maximum Pending Orders
Limits the number of pending breakout orders the EA can place simultaneously.

Order Split Count
Allows each breakout order to be divided into multiple smaller orders for more flexible execution and scaling.

Risk Management

Lot Sizing Method
Allows selection between fixed lot trading or percentage-based risk profiles.

Risk Profiles (Very Low → Very High)
Each profile automatically adjusts the position size relative to account balance using predefined risk percentages.

Additional internal controls help regulate risk exposure and manage lot scaling behavior for higher-risk profiles.

Trading Session

Range Start Hour
Hour when the price range begins forming.

Range End Hour
Hour when the range formation period ends.

Range End Minute
Minute when the range box closes.

Allow Trading on Friday
Option to enable or disable trading on Fridays.

Entry Settings

Pending Order Distance
Distance added above and below the range for breakout orders.

Stop Loss Distance
Stop loss distance in points.

Take Profit Distance
Take profit distance in points.

Trade Management

Recovery Trade Distance
Distance price must move against the initial trade before a recovery trade is opened.

Enable Break-even for Add Trades
Activates break-even protection for recovery trades.

Break-even Level 1 Trigger
Profit level required to activate the first break-even adjustment.

Break-even Level 1 Offset
Stop loss offset applied after the first break-even activation.

Break-even Level 2 Trigger

Break-even Level 2 Offset

Trailing Stop

Enable Trailing Stop
Enables or disables the trailing stop system.

Trailing Start
Profit level where trailing stop begins.

Trailing Distance
Distance between current price and trailing stop level.

Trailing Step
Minimum price movement required before the trailing stop is updated.

Note:
Default parameters are optimized for the recommended symbol and timeframe, but all settings can be customized to fit different trading conditions.




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Built to dominate the gold market. Official Information Seller profile Official channel User Guide LIMITED PRICE — $599 Aura Gold Pro Edition is available for $599 until the end of October . Starting November  1 , the price will increase to $999 — secure your copy before the price goes up. Live Trading Signals  Roboforex https://www.mql5.com/en/signals/2366593 FPMarkets https://www.mql5.com/en/signals/2358523 ICTrading https://www.mql5.com/en/signals/2380859 Description Aura Gold PRO Edition is
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Bogdan Ion Puscasu
4.81 (21)
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The Quantum ecosystem is entering a new battlefield—and a new Commander is taking control. Developed exclusively for the US30 index, Quantum Commander is the fully automated Expert Advisor built for one of the world’s most dynamic markets. In a world saturated with GOLD EAs, Quantum Commander stands apart. After several GOLD-focused releases, we are advancing into new territory with US30—a new instrument, a different strategy, and a powerful opportunity to bring true diversification to the Qua
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Lo Thi Mai Loan
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Live Signal: https://www.mql5.com/en/signals/2393580?source=Site+Profile+Seller Bonus: Buy Bitcoin Chill and choose Diamond Quant EA or Nonstop EA for free. Send me a private MQL5 message with your payment ID and selected bonus. Private Buyer Group: After purchasing, send me a private MQL5 message with your payment ID to join the private group. Verified buyers receive product updates, setup guidance and support. Public Group: Join here !!! Important : Read it !!! How AI Works in Bitcoin Chill
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Marco Scherer
4.08 (61)
Experts
Lizard – Gold EA for XAUUSD | Swing Breakout Expert Advisor for MetaTrader 5 Lizard is a fully automated Gold (XAUUSD) Expert Advisor for MetaTrader 5. It uses a multi-strategy swing breakout system: the EA identifies key swing highs and swing lows on the H1 chart and places pending stop orders (buy stop / sell stop) at calculated entry points. No martingale, no grid, no averaging into losses. Every trade is opened with a defined stop loss and take profit and is managed by a multi-layer exit sys
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4.68 (31)
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5 (9)
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Scraper Gold MT5 – 4-Engine Breakout EA for XAUUSD Current price: $95. Future price increases will be announced in advance. Final price: $195. Live Signal 1 – P rofile  Classic : https://www.mql5.com/en/signals/2392705 Live Signal 2 – P rofile  Fixed Entry (v3.7 default, fixed lot) : https://www.mql5.com/en/signals/2396229 Scraper Gold is a fully automated breakout Expert Advisor built only for gold (XAUUSD). It does not try to predict the whole move. It waits at proven swing highs and lows
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5 (6)
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MORPHEUS ALGO EA MT5 See the market structure. Follow the system. Markets keep moving. Your trading process needs a system. Morpheus Algo EA brings Gold and EURUSD into one automated workflow, combining built-in trading logic, configurable exits and visual market context directly on the chart. At its core, Morpheus uses a built-in algorithmic engine with selectable XAUUSD and EURUSD trading logic. Automatic lot sizing, instrument-specific Take Profit and Stop Loss settings and trailing managemen
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