XAU Breaker EA

The XAU Breaker EA is a fully automated, multi-strategy MetaTrader 5 expert advisor. Its strategies include primarily breakout strategies, including candlestick breakouts, support-resistance breakouts, and indicator breakouts, along with several other complementary strategies. 

Why Multi-Strategy for Gold is good? Gold is notoriously volatile, heavily influenced by geopolitical news, and prone to rapid trend reversals. A multi-strategy EA mitigates this by running independent logic models simultaneously. Gold can consolidate in tight ranges for weeks and then explode into a thousands-of-pips trend in hours. This multi-strategy EA can run a breakout strategy during high-impact news alongside a scalping or mean-reversion strategy during quiet trading sessions.

All orders on this EA are protected with fixed stop losses, and hidden stop losses based on indicators. This EA is specifically designed for the 1-hour timeframe for gold.


Main Features:  
  • No Grid. 
  • No Averaging.
  • No Martingale.
 
Setting Parameters:
  • Expert Name - EA name and trades comment. 
  • Magic Number - EA identification number to identify trades. 
  • Trade Direction - Direction of trade, Buy or Sell or Both.
  • Max Positions - Maximum open positions at once.
  • Commission - Trade commission per lot for both side. 
  • Max Spread - Maximum spread to allow trading.
  • Volume Settings - Include fixed lot size and dynamic lot size.
  • Maximum SL/TP - The orders can be closed before reach it's target depend on the strategy. 
  • Basket TP - Include Basket TP to close buys, sells or all positions at once.  
  • Trailing settings - Trail SL and breakeven/profit lock settings.   

Recommendations:  
  • XAUUSD (Gold vs US Dollar) H1.
  • Zero spread ECN or raw spread account.
  • Hedging account. 
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MQL TOOLS SL
4.26 (111)
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Simon Reeves
5 (13)
Experts
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