Gold Box Breakout
- Experts
- Version: 1.0
- Activations: 5
Gold Box Breakout
Gold Box Breakout is an automated H1/M15 breakout strategy built around a single daily "box". Each trading day, the EA measures the High/Low of a specific H1 candle (by default, the 3rd candle of the day) and uses that range as a breakout level. When an M15 candle closes above the box top, the EA opens a Buy. When an M15 candle closes below the box bottom, it opens a Sell. Only one trade per symbol is taken per day.
Key Features
- Daily box from a chosen H1 candle - select which candle of the day (by index) defines the breakout range.
- GMT-based day start with auto offset detection - the day-start hour is set in GMT/UTC, and the broker's server time offset is detected automatically, so the same setting behaves consistently across different brokers/accounts.
- M15 breakout entry - waits for a confirmed M15 candle close beyond the box, avoiding intrabar noise.
- Fixed Risk:Reward exit - Stop Loss is set at the opposite side of the box; Take Profit is calculated from a configurable Risk:Reward ratio.
- One trade per day - after a trade is opened (win, loss, or still running), the EA will not open another position on that symbol until the next trading day.
- Optional lot increase after consecutive stop-losses - after a configurable number of consecutive SL hits, lot size increases by a fixed step, up to a configurable maximum number of steps, then resets back to the base lot. Disabled by default.
- Spread filter - optionally skip trades when the current spread exceeds a configured limit.
- On-chart visual tools - draws the box, the candle's High/Low levels, and numbered labels on each H1 candle of the day so you can visually verify the candle-counting logic.
- Live status panel - an on-chart comment shows the detected broker GMT offset, the resulting day-start time, and current box status at a glance.
Inputs
Box Setting
- InpDayStartHourGMT - Day start hour in GMT/UTC (0-23). The broker's own GMT offset is auto-detected.
- InpCandleIndexOfDay - Which H1 candle of the day is used to build the box (0 = first candle of the day).
- InpShowCandleLabels - Show number labels (1, 2, 3...) above each H1 candle of the day.
- InpDrawBox - Draw the box rectangle and level lines on the chart.
Trade Setting
- InpLot - Base lot size.
- InpRiskReward - Take Profit to Stop Loss ratio (e.g. 2.0 = 1:2).
- InpMagic - Magic number.
- InpDeviation - Allowed slippage, in points.
- InpMaxSpreadPoints - Maximum allowed spread in points before skipping a trade (0 = filter off).
SL Lot Increase (optional)
- InpUseSLLotIncrease - Enable/disable the lot-increase-after-SL feature.
- InpSLHitsToIncrease - Number of consecutive stop-loss hits required to trigger a lot increase.
- InpLotIncreaseStep - Lot size added at each increase step.
- InpMaxIncreaseSteps - Maximum number of increase steps before the lot resets to the base size.
Recommended Setup
- Minimum recommended capital: $1000, using a base lot size of 0.01.
- Designed and tested for Gold (XAUUSD), but can be attached to other symbols.
- Can be attached to any chart timeframe (e.g. M15) - the EA reads H1 and M15 data internally regardless of the chart's own period, so it does not need to be attached to an H1 chart specifically.
- Always test on a demo account first and adjust the inputs to fit your broker's spread, StopsLevel, and trading hours before using on a live account.
Risk Warning
This EA can optionally increase position size after consecutive stop-loss hits (a martingale-style money management option, disabled by default). This can increase both potential returns and potential drawdown. The minimum capital and lot size above are a starting-point suggestion, not a guarantee against loss - position size should always be adjusted to your own risk tolerance and account size. Past performance and backtest results do not guarantee future results. Please understand the risks and test thoroughly before trading with real funds.
