Gold Asian Box Breakout

Gold Asian Box Breakout is a rules-based daily breakout strategy for gold (XAUUSD). It trades a fixed lot size and has account protection built in.

HOW IT WORKS
Every trading day, when the order window opens (08:00 server time by default), the EA measures the high and low of the last 8 hourly candles, roughly the Asian session. It then places two pending orders: a Buy Stop 20 points above the box high and a Sell Stop 20 points below the box low. Each order has a stop loss of 2000 points and a take profit of 5000 points. On a 2-digit gold quote, that is $20 and $50 per ounce.

HOW TRADES END

• Stop loss or take profit, set when the order is placed.
• End of the order window: at 18:00 server time, if an order is still pending, the EA closes its open position and deletes the pending order. In our 2024 backtest, about two thirds of trades ended this way, and only a small share reached the take profit.

PROTECTION

• Fixed lot size (default 0.02). It does not increase after losses. There is no martingale and no grid.
• Daily loss limit (default $240, in account currency). When it is reached, the EA closes its trades and stops trading until the next day.
• Optional profit target (off by default).
• Checks trading permission and free margin before it places orders.