Gold Goat EA

GOLD GOAT EA - M5 Breakout Strategy for XAUUSD

FREE | FULLY CUSTOMIZABLE | PLUG AND PLAY

Overview

Gold Goat EA is a fully automated breakout trading system specifically designed for XAUUSD on the M5 timeframe. This free expert advisor delivers clean, profitable results in backtests while remaining fully customizable for your trading preferences.

Backtest Results (XAUUSD M5 - 1 Year.)

• Initial Deposit: 10,000.00
• Total Net Profit: 1,075.51 (10.75%)
• Profit Factor: 1.32
• Recovery Factor: 6.67
• Sharpe Ratio: 4.08
• Total Trades: 681
• Win Rate: 54.33% (370 profitable trades)
• Average Profit Trade: 11.91
• Average Loss Trade: -10.71
• Maximum Consecutive Wins: 9
• Maximum Consecutive Losses: 7
• Balance Drawdown Maximal: 143.99 (1.39%)
• Equity Drawdown Maximal: 161.28 (1.55%)
• History Quality: 100%

Key Features

• Breakout strategy with configurable period detection
• Fixed stop loss and take profit levels in pips
• Intelligent trailing stop functionality
• Time filter for optimal trading hours
• Spread filter to avoid unfavorable market conditions
• Automatic symbol and timeframe validation
• Magic number and trade comment customization
• Slippage control for order execution

Trading Parameters

• Adjustable lot size
• Breakout period: 20 bars (default, customizable)
• Stop loss: 150 pips (default)
• Take profit: 300 pips (default)
• Trailing stop: 100 pips with 50 pip steps
• Maximum spread filter: 30 pips

Risk Management

• Optional trailing stop to protect profits
• Configurable stop loss and take profit levels
• Maximum spread protection
• Server time-based trading hours filter (default: 2:00 - 22:00)
• Low drawdown: Maximum 1.55% equity drawdown

Requirements

• Minimum deposit: 299 USD
• Leverage: 1:30 minimum
• Symbol: XAUUSD (Gold)
• Timeframe: M5 only
• Account type: Any

Strategy Logic

The EA identifies breakout levels by analyzing the highest high and lowest low over a specified period. When price breaks above the resistance or below support, it enters trades in the direction of the breakout with predefined stop loss and take profit levels. The optional trailing stop automatically adjusts to lock in profits as the trade moves favorably.

Installation

This is a plug-and-play solution. Simply attach to your XAUUSD M5 chart and configure your preferred parameters. The EA will automatically verify the correct symbol and timeframe on initialization.

Disclaimer

Past performance does not guarantee future results. Always test on a demo account before trading with real funds. Trading forex and CFDs involves substantial risk of loss.