Fxcow

FXcow EA — 5-Range Breakout Expert Advisor for Gold (XAUUSD)

Automated opening-range-breakout trading built specifically for Gold.

FXcow EA tracks five independent, fixed daily trading windows on Gold, building a high/low range for each one. Once a range closes, the EA watches live price for a genuine breakout of that range and can take up to two trades per range — one on the initial breakout, and one on the opposite breakout if price reverses back through the range. Each of the five ranges is fully independent: its own high/low, its own trade count, its own on/off switch, and its own take-profit target — a trade or a disabled range on one never affects the others.

Key Features

• 5 independent daily ranges, each built from real intrabar highs/lows on your selected timeframe — not simplified to a single candle or the opening price.
• Up to 2 breakout trades per range, with a hard cap that can never be exceeded, even across EA or terminal restarts.
• Individual take-profit target per range (in USD price distance — natural for Gold, since you think in dollar moves, not "pips").
• Stop Loss anchored to the opposite side of the range for every trade — no fixed pip-distance guessing.
• Live on-chart control panel — toggle any range on/off, adjust Lot Size, Max Trades per Range, Allow Buy/Allow Sell, and each range's take-profit target directly from buttons and editable fields on the chart. No need to reopen the Inputs dialog or restart the EA.
• Persistent trade state — survives EA removal, terminal restarts, and disconnects. FXcow EA reconstructs each range's status from its own saved state and cross-checks it against your trade history, so it never loses track of how many trades a range has already taken.
• Daily cycle reset — automatically closes any still-open EA positions at the start of each new trading day, so every day begins with a clean slate across all five ranges.
• Full visual range plotting on the chart for each session, color-coded, so you can see exactly where every range sits.
• Robust risk handling — automatic lot normalization, broker stop-level/freeze-level compliance, and clear Experts-log messages if an order can't be placed.
• Magic-number isolated — safe to run alongside your other EAs and manual trades on the same account.

Recommended Use

• Symbol: XAUUSD (Gold) — FXcow EA checks for a gold-type symbol on startup and will warn you if attached to something else.
• Timeframe: Works on any timeframe; the range-building timeframe is independently configurable from the chart timeframe.
• Test thoroughly on a demo account and in the Strategy Tester (using "Every tick based on real ticks" modeling for the most accurate simulation of live breakout behavior) before running on a live account.

Inputs

• Lot size, Max trades per range, Allow Buy / Allow Sell, Magic Number
• Individual enable switch and take-profit target for each of the 5 ranges
• Daily reset toggle and reset hour (UTC)
• Chart panel position and visibility, debug logging toggle

(All of the above can also be adjusted live from the on-chart panel without touching the Inputs dialog.)

Risk Disclaimer

Trading Gold and other leveraged instruments carries significant risk of loss and is not suitable for every investor. Past performance of any strategy, including FXcow EA, is not indicative of future results. This EA does not guarantee profits and can incur losses, including in fast-moving or illiquid market conditions. Always test on a demo account first, understand the strategy's logic before trading it live, and never risk capital you cannot afford to lose.