Gold Trend Breakout M15
- Experts
- Version: 1.0
- Activations: 15
Gold Trend Breakout M15 is a professional trend-following Expert Advisor designed for the MetaTrader 5 platform. It combines classic price action mechanics with dynamic risk management to capture momentum breakouts on the M15 timeframe. 📈 Trading Strategy The EA uses a breakout-retest strategy. It identifies strong swing highs and swing lows in the market. When price breaks through a swing level with a strong momentum candle, the EA waits patiently for the price to retest the broken level. Once the retest is confirmed with a bullish or bearish rejection candle, the EA enters a trade in the direction of the trend. ⚙️ Key Features Trend Filter: Uses Fast (50) and Slow (200) EMA to ensure trades are only taken in the direction of the main trend. Dynamic Lot Sizing: Automatically calculates lot size based on your account balance and chosen risk percentage. Advanced Risk Control: Includes built-in checks for broker Stop Levels, Freeze Levels, Margin requirements, and Volume Limits to ensure error-free trading on any broker. Smart Exits: Features an optional candlestick reversal exit (Engulfing & Pinbar patterns) to close trades before the trend reverses. Capital Protection: Includes Daily and Overall loss limits to stop trading if the account hits a drawdown threshold. One Trade At A Time: Prevents over-trading by focusing on one position at a time. 📊 Input Parameters Trend Settings: EMA_Fast_Period - Fast moving average period (Default: 50) EMA_Slow_Period - Slow moving average period (Default: 200) UseTrendFilter - Enable/disable EMA trend filter (Default: true) Breakout & Retest Settings: SwingBars - Number of bars to determine swing highs/lows (Default: 2) RetestZoneATRFactor - ATR multiplier for the retest zone buffer (Default: 0.20) Risk & Money Management: RiskPercent - Risk percentage per trade (Default: 1.0) RR - Risk to Reward Ratio (Default: 2.0) MaxDailyLossPct - Maximum daily loss percentage to stop trading (Default: 4.0) MaxOverallLossPct - Maximum overall loss percentage (Default: 8.0) Trade Management: OneTradeAtATime - Allow only one open trade at a time (Default: true) UseBreakEven - Enable/disable break-even functionality (Default: false) BreakEvenTriggerR - R:R multiplier to trigger break-even (Default: 1.0) BreakEvenBuffer - Points to lock in for break-even (Default: 0.0) UseReversalExit - Close trades on candlestick reversal patterns (Default: true) ReversalLookback - Bars to look back for trend confirmation (Default: 3) ReversalATRFactor - ATR multiplier for reversal body size (Default: 1.0) Time & Session: TradingStartHour - Trading session start hour (Broker Time) (Default: 8) TradingEndHour - Trading session end hour (Broker Time) (Default: 19) 💡 Recommended Setup Timeframe: M15 Instruments: XAUUSD (Gold), EURUSD, GBPUSD Account Type: Any (Netting or Hedging) Minimum Balance: $100+
