Gold Block Breaker
- Experts
- Version: 3.10
- Activations: 10
Built for an account with a loss limit
An evaluation account is rarely lost on one bad idea. It is lost when a floating loss crosses the daily limit while nobody is watching. Gold Block Breaker is an Expert Advisor for MetaTrader 5, developed on XAUUSD, and it watches that number itself.
Pick a rule set: five percent daily with ten percent overall, a stricter four and eight, or your own two percentages. Both lines read equity, so an open losing position counts the moment it moves against you, which is how the firms measure it. A safety factor keeps the halt short of the rule, so 0.8 halts at four percent of a five percent limit. On a halt the Expert Advisor closes its own positions and stops entering; the daily halt lifts at the next server day, the overall one holds until you restart it.
The guard is a limit on this Expert Advisor, not a promise about your account. It acts on the ticks it receives, so it cannot close through a gap, a requote or a terminal that was not running, and it touches only the positions it opened. No Expert Advisor can decide the outcome of an evaluation. This one is built to stop itself at a number you choose, and to stop early rather than late.
What it trades
It looks for a consolidation range no wider than a set multiple of average true range. When price leaves that range with follow-through, the range is kept as a zone. When price later closes back through the zone, the zone has flipped and now works in the opposite direction. The first return to the flipped zone is the entry, and the stop is placed by the exit configuration you chose. That is the whole idea. Check it against your own chart before you buy.
Six configurations in one Expert Advisor
An entry is triggered by the zone, by the retracement pocket of the impulse leg, by whichever comes first, or only where the two agree. Four presets pair each trigger with a quick exit: one position, close stop, fixed target. A fifth gives the zone entry a patient exit, a wider stop and no target, with the signal spread over three positions that trail out separately. The sixth is a free-choice slot you set yourself. Each keeps its own block of magic numbers, so several can share one chart without touching another's positions.
Two configurations at once need a hedging account, and so does the patient preset on its own, since three positions in one symbol cannot coexist under netting. On a netting account it says so in the journal and reduces to one configuration at one position rather than failing to start.
Risk is one setting
Choose Low, Medium, High or Manual: 0.25, 0.5 or 1.0 percent of balance per signal, carried separately by each configuration: two on Medium ask for 0.5 percent each, not 0.5 percent between them. Each signal is sized from the balance and that configuration's own stop distance, so a wider stop gives a smaller position, not a larger loss. Where your broker's smallest tradeable size would carry the risk well past the level, the signal is skipped and the reason logged. The level changes size only, never a trading decision.
What it does not do
No grid. No martingale. No averaging down. No hidden lot multiplication. Every position carries a stop from the moment it opens.
Running it
Attach it to an XAUUSD chart. The inputs sit in numbered sections and most accounts touch only the first three: a configuration, a risk level, your account limits. Zones and pockets are drawn on the chart, with a status panel, a Friday close-out hour, optional terminal alerts and push notifications, and a switch that marks setups without sending orders. Settings were developed on the one-minute chart. Test on your own broker's data first.
