Fibonacci Breakout System

Fibonacci Breakout System is a fully automatic Expert Advisor for Metatrader 5 (MT5) identify the true market range over a defined period and place breakout trades at extreme levels (high and low). Unlike standard "Donchian Channel" or "Bollinger Breakout" systems, this EA uses a mathematical approach based on the Golden Ratio 1.618 to place intelligent Take Profit, Stop Loss, and Breakeven levels. No martingale, no grid. Just pure price logic. Ideal for Gold, Indices, and volatile Forex pairs. The EA does not simply chase price; it waits for a breakout of the high or low of the last X candles and automatically applies 1.618 (Phi) extensions to define the target, while the Stop Loss is placed on the opposite side of the range.

Key Advantages
No Redrawing Indicators: The EA uses real high and low values of closed candles. No "redrawing" or false signals.
Robust Risk Management: Automatic breakeven to protect profits and reduce losses.
Graphic Visualization: Automatically draws the Fibonacci rectangle on the chart, showing key levels (0%, 50%, 100%, 161.8%, and 61.8%).
Real-time Dashboard: Shows High, Low, Range, and calculated targets directly on the chart.
Safety Filters: Includes checks on margin, price/tick order, and minimum Stop Loss/Take Profit distance.

What exactly does the EA do?
Analyzes the range – Scans the last X candles (e.g., 30 hours on H1) and finds the high and low.
Waits for the breakout If price exceeds the high → BUY. If it falls below the low → SELL.
Calculates SL and TP with Fibonacci The target is range × 1.618. Stop loss is placed beyond the opposite side.
Protects the profit Once 100 points in profit, the stop loss moves to breakeven. Risk-free trade.
No moving averages. No oscillators. Just pure price, range, and Fibonacci.

Requirements
Platform: MetaTrader 5
Account type: Hedging or Netting
Recommended leverage: 1:100 or higher
Supported pairs: Any (Forex, Metals, Indices, CFD)
Recommended timeframe: Any

Note: For best results, use on a low-latency VPS.
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Launch Offer:   Grab Gold Naural Core and bundle it with   XAU Momentum   and get 2 free EAs of your choice from my entire MQL5 store. DM me for details. Learn how I personally manage risk when using grid systems:  https://www.mql5.com/en/blogs/post/767250 Read the user guide to any TickStack grid system:  https://www.mql5.com/en/blogs/post/767232 Gold Neural Core — Hyper-Scalping Grid System for XAUUSD Gold Neural Core is a high-frequency grid trading system engineered specifically for gold (X
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