London Gold Breakout
- Experts
- Roman Mudarisov
- Version: 1.0
- Activations: 10
Been trading this setup on gold for over a year. The concept is straightforward - XAUUSD consolidates overnight during the Asian session, then breaks out hard when London opens. The direction of that breakout is correct roughly 60-65% of the time. This isn't some indicator trick, it's how the market actually works - institutional order flow hits when London desks open.
This EA does exactly what I used to do manually: measures the overnight range, sets breakout levels, enters when price clears the boundary. One entry per day, clean stop, trailing locks in profit if the move extends.
How it works:
- From 00:00 to 06:00 server time the EA measures the high and low (Asian range)
- From 06:00 to 10:00 it waits for price to break above or below that range
- Break above = BUY, break below = SELL
- Stop loss behind the opposite side of the range (1x range width)
- Take profit at 1.5x range width
- Trailing stop kicks in at 0.7x range width profit
- No breakout by 10:00 = no trade that day
- Any open trade is closed by 20:00 regardless
Filters:
- Minimum range width 300 points (too narrow = fake breakout)
- Maximum range width 5000 points (too wide = no clear level)
- Maximum spread 60 points
- No trading Friday after 18:00 (weekend gap risk)
- Daily loss limit 3%
Risk management:
- Position size calculated from risk percentage per trade
- Default 0.25% risk - balanced mode, DD around 15%
- Can set 0.1% for conservative trading (DD 7%)
- Can set 0.4-0.5% for aggressive growth (DD 25-30%)
- Hard stop at 20% drawdown from peak - EA shuts down
Backtest results (XAUUSD M15, 2024-2026, every tick):
- Profit: +250% over 2 years
- Max drawdown: 14.7%
- Profit Factor: 1.36
- Sharpe ratio: 4.18
- Win rate: 63%
- Trades: 419 (roughly 1 per day)
- Recovery factor: 4.14
What this EA does NOT do:
- No grid
- No martingale
- No averaging down
- No more than one position at a time
- No unfiltered news trading
Recommendations:
- Symbol: XAUUSD (Gold)
- Timeframe: M15
- Broker: ECN with tight gold spreads (under 30 points)
- Minimum deposit: $500
- VPS required for consistent operation
- Adjust session times to match your broker's server clock
