Gold Breakout Straddle

GOLD BREAKOUT V1 — XAUUSD Breakout Straddle EA

Full explanation and details:https://www.mql5.com/en/blogs/post/773794

Gold Breakout V1 is an automated Expert Advisor for XAUUSD. It places pending Buy Stop and Sell Stop orders around market structure and waits for price to break out. When one side is filled, the trade is managed with a hard Stop Loss and an optional trailing stop.

This EA is built for traders who want a clear rules-based breakout system — not grid, martingale, averaging, or recovery logic.

How it works
  1. The EA finds the latest confirmed swing levels on gold.
  2. It places a Buy Stop above and a Sell Stop below (with a small entry offset toward price).
  3. Every order is sent with a Stop Loss attached.
  4. Open trades can be managed by trailing stop (depending on mode).
  5. Optional session, Friday, and daily protection rules control when it is allowed to trade.

One focused position style — no lot multiplication after losses, no basket of averaging orders.

Trading modes
Mode Style
Rapid Faster entries, trailing-focused exits
Guarded Same core logic, longer pause between trades
Extended Target Runs toward full target or stop (no trailing)
Position Wider stops and targets, fewer trades
Manual You set SL, TP, trail, and pause yourself
Main features
  • Designed for XAUUSD
  • Pending Buy Stop + Sell Stop breakout setup
  • Hard Stop Loss on every trade
  • Trailing stop options (mode-dependent)
  • Fixed lot or risk % position sizing
  • Spread filter and optional high-spread protection
  • Daily trading window (server time)
  • Friday close protection
  • Optional daily profit / loss / drawdown limits (prop-style safeguards)
  • Optional high-impact news filter (live only)
  • On-chart dashboard and level display
  • Magic number and trade comment for clear trade tracking
Recommended use
  • Symbol: XAUUSD (or equivalent gold symbol)
  • Timeframe: H1 chart is fine (internal logic uses its own structure timing)
  • Account: ECN (raw spread) Broker- IC Market (suggested)
  • VPS: Recommended for stable 24/5 operation
  • Lots: Start small (e.g. 0.01) until you understand the behavior on your feed

Before live use:

  1. Run a Strategy Tester back test on your broker’s XAUUSD data
  2. Forward-test on a demo account
  3. Confirm spread, stops level, and session times match your broker
What this EA is NOT
  • Not a martingale system
  • Not a grid system
  • Not an averaging / recovery EA
  • Not a “set and forget riches” product
  • Not guaranteed to profit in every market condition

Breakout systems go through strong periods and quiet or choppy periods. Risk only capital you can afford to lose.

Inputs overview (buyer-facing)
  • Trading style — Rapid / Guarded / Extended / Position / Manual
  • Lot size or risk %
  • Spread limit
  • Manual SL / TP / trail / pause (when Manual mode is selected)
  • Daily and Friday session controls
  • Optional daily profit, loss, and drawdown limits
  • Dashboard and chart levels on/off
  • Magic number and comment

Core level-selection rules are fixed inside the EA so the strategy stays consistent and simple to use.

Support

After purchase, attach the EA to XAUUSD, set your mode and risk, and allow trading. If you need help with setup or broker-specific behavior, contact me through MQL5 messages.

Risk warning

Trading foreign exchange and CFDs involves substantial risk of loss and is not suitable for every investor. Past performance in back tests or live results does not guarantee future results. Always test thoroughly before using real funds.

Gold Breakout V1 — structured gold breakouts, hard stops, no martingale.


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