Gold Pro Breakout
- Experts
- Dwayne Lawrence
- Versione: 1.0
- Attivazioni: 5
Professional Gold Trading System for MetaTrader 5
Overview
Gold Breakout Pro is a fully automated trading system designed specifically for Gold (XAUUSD) markets. The EA identifies key breakout levels, waits for pullback confirmation, and executes trades with precision risk management.
Key features:
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Multi-timeframe analysis (H4 trend, H1 breakout, M15 entry)
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Pullback confirmation before entry
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Dynamic position sizing based on ATR
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Partial take profit levels to lock in gains
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Trailing stop and breakeven management
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Comprehensive risk controls
Strategy Logic
The EA operates on a proven breakout-pullback strategy:
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Identify the range – Calculates the highest high and lowest low over a user-defined lookback period
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Detect breakout – Monitors price breaking above or below the range with confirmation percentage
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Wait for pullback – Enters only after price retraces back into the zone (reduces false breakouts)
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Set protective stops – Stop loss based on ATR or fixed points
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Manage the trade – Trailing stop, breakeven, and partial take profit levels
Trend filter – Optional EMA crossover (50/200) on H4 ensures trades align with the broader trend.
Input Parameters
Symbol & Timeframe
| Parameter | Description |
|---|---|
| Auto-detect Symbol | Automatically finds your broker's Gold symbol |
| Custom Symbol | Manual symbol entry if auto-detect fails |
| Trend TF | Higher timeframe for trend direction (default: H4) |
| Breakout TF | Timeframe for range calculation (default: H1) |
| Entry TF | Timeframe for signal execution (default: M15) |
Breakout Configuration
| Parameter | Description |
|---|---|
| Lookback Bars | Number of bars to calculate high/low zone (default: 24) |
| Breakout Confirm % | Percentage of range to confirm breakout (default: 0.08%) |
| ATR Period | Period for Average True Range calculation (default: 14) |
Entry Configuration
| Parameter | Description |
|---|---|
| Use Limit Orders | Place limit orders at breakout level instead of market |
| Allow Pullback Entry | Wait for price to retrace into zone before entry |
| Pullback Confirm % | Percentage retrace required for confirmation (default: 0.03%) |
| Max Retrace Minutes | Maximum time to wait for pullback (default: 60 minutes) |
Partial Take Profit
| Parameter | Description |
|---|---|
| Enable Partial TP | Activate partial profit taking |
| First Target % | Percentage of position to close at first target (default: 50%) |
| First Target Points | Distance to first target in points (default: 300) |
| Second Target % | Additional percentage to close at second target (default: 25%) |
| Second Target Points | Distance to second target in points (default: 500) |
Stop Loss & Take Profit
| Parameter | Description |
|---|---|
| Fixed Stop Loss | Manual stop loss in points (0 = ATR based) |
| Fixed Take Profit | Manual take profit in points (0 = RR based) |
| ATR Multiplier SL | ATR multiplier for dynamic stop loss (default: 0.5) |
| Risk/Reward Ratio | Ratio for take profit calculation (default: 2.5) |
Risk Management
| Parameter | Description |
|---|---|
| Risk Per Trade | Percentage of equity risked per trade (default: 1.5%) |
| Max Daily Risk | Maximum daily loss percentage (default: 50%) |
| Max Drawdown | Maximum equity drawdown percentage (default: 20%) |
| Max Consecutive Losses | Trades to pause after consecutive losses (default: 5) |
| Max Spread Points | Maximum allowed spread in points (default: 500) |
Trailing & Breakeven
| Parameter | Description |
|---|---|
| Enable Breakeven | Move stop to breakeven after profit target |
| Breakeven Activation | Points required to activate breakeven (default: 60) |
| Enable Trailing | Activate trailing stop |
| Trailing Start | Points required to start trailing (default: 150) |
| Trailing Distance | Distance to keep from price (default: 100) |
Installation
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Copy the EA file to your MT5 Experts folder
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Restart MetaTrader 5 or refresh the Navigator window
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Drag the EA onto a Gold chart (XAUUSD, XAUUSDm, GOLD, etc.)
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Enable automated trading in the toolbar
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Adjust input parameters as needed
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Click OK to attach the EA
Minimum requirements:
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MetaTrader 5 build 3000 or higher
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Any broker offering Gold (XAUUSD) trading
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$100 minimum recommended account balance
Supported Symbols
The EA automatically detects the following Gold symbols:
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XAUUSD
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XAUUSDm
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XAUUSDz
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XAUUSDc
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GOLD
Manual symbol entry available for unsupported formats.
Information Panel
The EA includes a real-time information panel showing:
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Current spread and ATR
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Trend direction
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Breakout zone levels
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Trading signal status
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Trade statistics (total trades, win rate, profit)
Panel position and appearance are configurable in input settings.
Support
Product support is provided exclusively through the MQL5.com messaging system:
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Use the Product Comments section for public questions
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Use Private Messages for account-specific inquiries
*Support responses within 24-48 hours on business days.*
Version History
Version 1.00 (Current)
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Initial release
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Multi-timeframe breakout strategy
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Pullback confirmation logic
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Partial take profit management
-
Trailing stop and breakeven
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Comprehensive risk controls
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Real-time information panel
Disclaimer
Forex and CFD trading involves substantial risk of loss. Past performance does not guarantee future results. This EA is provided as a tool to assist with trading decisions; the user assumes full responsibility for all trading outcomes. Test thoroughly on a demo account before live deployment.
Tags: Gold Trading, XAUUSD, Breakout Strategy, Pullback Entry, Automated Trading, MT5 Expert Advisor, Gold Scalper, Trend Following
