GoldLiquidityHunter
- Experts
- Version: 2.1
- Activations: 5
Automated Gold Breakout Trading Expert Advisor for MT5
Gold Liquidity Hunter V1 is an automated Expert Advisor developed for trading Gold (XAUUSD) on the MetaTrader 5 platform.
The trading system analyzes recent price highs and lows to identify breakout opportunities and automatically executes buy or sell orders when its trading conditions are met.
The Expert Advisor provides customizable settings, allowing traders to manage their trading activity and control the maximum number of simultaneously open positions.
Key Features
1. Recommended H4 Timeframe
The developer's preferred timeframe is H4 (4 Hours).
The four-hour timeframe provides a broader perspective of gold price movements and is the recommended starting point for testing and using this Expert Advisor.
2. Adjustable Maximum Number of Trades
Users can control the maximum number of simultaneously open positions directly through the Expert Advisor's input settings.
The InpMaxOrders parameter allows traders to customize the position limit according to their account size and preferred trading exposure.
3. High/Low Breakout Strategy
The EA monitors the highest and lowest prices over a configurable number of previous candles.
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A buy trade may be opened when the Ask price exceeds the identified highest price.
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A sell trade may be opened when the Bid price falls below the identified lowest price.
4. Automatic Stop Loss and Take Profit
Every new trade is submitted with predefined Stop Loss and Take Profit levels.
Both parameters can be customized through the EA settings.
5. Configurable Market Lookback
Traders can adjust the number of historical candles used to identify breakout levels.
6. Fixed Trading Volume
The current version uses a fixed trading volume of 0.01 lots per order.
7. Automatic Trade Execution
The EA continuously evaluates market conditions and submits orders when the programmed breakout conditions are satisfied.
Available Input Settings
| Parameter | Default Value |
|---|---|
| Trading Symbol | XAUUSD recommended |
| Recommended Timeframe | H4 |
| Lookback Period | 20 candles |
| Stop Loss Input | 250 |
| Take Profit Input | 500 |
| Maximum Open Trades | 5 |
| Trading Lot Size | 0.01 fixed |
| Magic Number | 111222 |
Stop Loss and Take Profit inputs are converted to price distances using the symbol's point size. Actual distances depend on broker specifications.
Recommended Usage
For the developer's preferred setup, attach Gold Liquidity Hunter V1 to an XAUUSD H4 chart.
Traders can adjust the maximum number of open positions through the EA settings panel without modifying the source code.
It is strongly recommended to evaluate the EA using the MetaTrader 5 Strategy Tester and a demo account before live trading.
Risk Warning
Gold trading carries substantial financial risk. Breakout strategies may experience false signals, especially during volatile market conditions.
Increasing the maximum number of trades may increase exposure and potential drawdown.
No profit or performance level is guaranteed.
GOLD LIQUIDITY HUNTER V1 — Automated Gold Breakout Trading with Adjustable Position Limits.
