Range Breakout DelizaFX
- Experts
- Version: 1.0
- Activations: 10
A fully automated range breakout Expert Advisor for MetaTrader 5, designed specifically for Gold (XAUUSD).
Range Breakout DelizaFX uses a simple idea: first build a price range during your selected trading session, then automatically trade when Gold breaks above or below that range.
No manual calculations. No manual pending orders. The EA handles the process automatically.
How It Works
The strategy works in four simple steps:
1. Build the Range
During your selected Range Start and Range End time, the EA records the highest and lowest prices of Gold.
2. Wait for the Breakout
When the range is complete:
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Buy Stop is placed at the Range High
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Sell Stop is placed at the Range Low
You can also add an optional entry buffer.
3. Manage the Trade
Once a breakout order is triggered, the EA automatically manages the position according to your selected Stop Loss, Take Profit, Break-Even and Trailing Stop settings.
4. Close at Your Selected Time
You can choose when pending orders should be removed and when open positions should be closed. This helps prevent trades from being carried into the next trading session.
Why XAUUSD?
Gold can experience strong price movements when important trading sessions begin. Range Breakout DelizaFX is designed to capture these moves by waiting for Gold to break out of a predefined range.
The EA is intended for XAUUSD (Gold) and should be tested with your broker's Gold symbol and trading conditions.
Main Features
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Fully automated Gold range breakout strategy
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Custom Range Start and End times
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Buy Stop and Sell Stop breakout orders
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Optional entry buffer
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Flexible Stop Loss and Take Profit
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Break-Even and Trailing Stop
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Automatic pending-order deletion
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Automatic position closing
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Optional OCO — cancel the opposite order after one breakout is triggered
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Maximum trade limits
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Minimum and maximum range filters
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Custom Magic Number and Order Comment
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No Martingale
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No Grid
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No Averaging Down
Money Management
Choose the money-management method that fits your trading style:
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Fixed Lots
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Balance-Based Lots
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Risk Percentage
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Fixed Risk Amount
This gives you control over how much you want to trade and how much risk you are willing to take.
Live Dashboard
The EA includes a clean on-chart dashboard so you can see the important information without opening multiple MT5 windows.
The dashboard can show:
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Server Time
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XAUUSD Symbol
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Timeframe
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Current Spread
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Range High
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Range Low
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Range Size
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Trading Status
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Open Positions
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Pending Orders
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Today's Profit/Loss
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Floating Profit/Loss
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Account Equity
It also includes:
CLOSE ALL — close positions and delete pending orders.
PAUSE / RESUME — temporarily stop new trades without removing the EA.
The current trading range is also displayed directly on the chart.
Easy to Customize
You can configure the EA according to your preferred trading session and risk settings:
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Range Timeframe
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Range Start Time
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Range End Time
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Delete Orders Time
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Close Positions Time
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Lot Size / Risk
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Entry Buffer
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Stop Loss
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Take Profit
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Break-Even
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Trailing Stop
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Trade Limits
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Range Filters
All time settings use your broker's server time.
Backtesting
RangBreakout DelizaFX can be tested using the MetaTrader 5 Strategy Tester.
You can test different:
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Trading sessions
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Range periods
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Timeframes
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Lot sizes
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Risk settings
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Gold market conditions
For more realistic results, use reliable historical data and include your broker's spread and commission conditions.
Recommended Setup
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Attach the EA to an XAUUSD / Gold chart.
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Set your preferred Range Start and Range End time.
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Choose your lot size or risk-management method.
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Configure your Stop Loss, Take Profit and trade-management settings.
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Set the Delete Orders and Close Positions times.
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Backtest the settings before using them on a live account.
Important: Always check your broker's server time and XAUUSD contract specifications. Gold may use different point sizes and symbol specifications depending on the broker.
Risk Warning
RangBreakout DelizaFX is an automated trading tool and does not guarantee profits.
Trading Gold and other leveraged financial instruments involves significant risk. Backtest the EA carefully and test it on a demo account before using real funds.
Past performance and backtest results do not guarantee future results.
Range Breakout DelizaFX
Define the Range. Automate the Breakout.
