Halberd Gold Plan

Asian range breakout plan for XAUUSD: the range, an arrow when a closed candle breaks it, and a full plan with entry, stop, two targets and the lot size for your risk. Arrows do not repaint. Alerts by popup, push and email.

Have you entered a gold breakout and then had to guess where the stop belongs and how many lots to use? Halberd Gold Plan draws the plan on the chart before you decide: where the range is, where the breakout was confirmed, where the stop and targets are, and what lot size matches the risk you chose.

The indicator does not trade. It shows levels and calculates a lot size. You make the decision.

What it shows

  • The Asian session range (00:00 to 07:00 GMT by default) as two dotted lines during the signal window.
  • An arrow when a candle closes above or below the range between 07:00 and 17:00 GMT. One buy and one sell signal per day at most.
  • The plan of the last signal: entry (the close of the breakout candle), stop loss and two targets, with prices.
  • A panel with the range, where the price is relative to it, the last signal, the stop and targets, and the lot size for your risk percent, calculated from your balance and the symbol's contract.

How the plan is built

  • Stop loss: the opposite side of the range, at most 1.5 ATR and at least 0.5 ATR (ATR of H1).
  • Targets: 1 and 2 times the stop distance by default.
  • Days with a range that is too narrow (below 0.3 ATR) or too wide (above 5 ATR) are skipped.

No repainting

An arrow is placed only after the candle has closed and is never moved or removed afterwards. This was checked in the Strategy Tester by recording each arrow at the moment it appeared and comparing it with the final chart: XAUUSD M1, M5, M15 and H1 and EURUSD M15, 1,116 arrows in total, none added later and none removed.

Alerts

Popup, push notification to the MetaTrader mobile app, and email, when a new signal appears on a closed candle.

Recommendations

  • Symbol: XAUUSD. Other symbols work, but the default session hours and filters are set for gold.
  • Timeframes: M5, M15 or H1. On H4 and higher the indicator shows a message and draws nothing.
  • Server time zone: detected automatically for GMT+2 / GMT+3 servers, or set manually.

Inputs

Sessions: Asian range start and end hour, signal window start and end hour (GMT), server time zone mode and manual offset.
Plan: maximum and minimum stop (x ATR), target 1 and target 2 (x stop), minimum and maximum range width (x ATR), risk percent for the lot calculator.
Display and alerts: show the panel, draw the plan, days of history, popup, push and email alerts.

Notes

  • No DLLs, no WebRequest, no data sent outside the terminal.
  • The signals are a breakout rule, not a forecast. Breakouts often fail. Use a stop loss and a risk you can afford.
  • Updates are free. Questions are answered in the product comments and by MQL5 private messages.
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