Alwinson Gold Break and Retest
- Experts
- Albinus Tejo Sungkowo
- Version: 5.26
- Activations: 5
Automated trading system for XAUUSD (Gold) using the Break and Retest strategy. The EA waits for price to break key support or resistance levels, then enters after confirmation during the retest phase.
This EA identifies significant support and resistance levels from recent price action. When price breaks a level and returns to test it, the EA enters in the direction of the breakout if the trend aligns (confirmed by EMA 20/50).
Features:
- Break and Retest entry logic with EMA trend filter
- Dynamic lot sizing based on account equity and risk percentage
- Automatic breakeven and trailing stop management
- Session filter for London and New York trading hours
- Optional news filter to avoid high-impact USD events
Input Parameters
| Parameter | Description |
|---|---|
| Trade Mode | Buy Only / Sell Only / Both |
| Risk Per Trade | Percentage of equity to risk per position |
| Max Spread | Maximum allowed spread in points |
| EMA Fast / Slow | Trend confirmation periods (default 20 / 50) |
| Profit Target | Auto-close at target percentage gain |
| Session Filter | Enable London/NY session restrictions |
| News Filter | Enable high-impact USD news avoidance |
Testing Information
The following results were obtained during strategy testing:
| Parameter | Value |
|---|---|
| Symbol | XAUUSD |
| Timeframe | H1 |
| Initial Deposit | $5,000 |
| Net Profit | $178,759.60 |
| Profit Factor | 2.01 |
| Recovery Factor | 8.33 |
| Sharpe Ratio | 1.41 |
| Max Drawdown | 13.50% |
| Total Trades | 520 |
Test mode: Every Tick based on real ticks. These are backtest results, not real trading results. Past performance does not guarantee future results.
Risk Management
The EA includes the following risk control mechanisms:
- Stop Loss placed below/above the retested level
- Take Profit based on risk-to-reward ratio
- Maximum lot size limit
- Spread and slippage filters
- Auto-close when profit target is reached
Requirements
- Account type: Hedging or Netting
- Minimum balance: $1,000 recommended
- Symbol: XAUUSD (Gold)
- Timeframe: H1
- VPS recommended for continuous operation
Risk Warning: Trading foreign exchange and gold carries a high level of risk. You may lose all of your invested capital. Always test on a demo account before using real money. Use risk settings appropriate for your account size and risk tolerance.
Support
For questions or support, please use the product comments section or send a private message through the MQL5 messaging system.
