Gold External Breakout Expert Advisor
- Experts
- Versione: 1.0
- Attivazioni: 5
Gold External Breakout Expert Advisor
Gold External Breakout Expert Advisor is a rule-based BUY-ONLY Expert Advisor designed for XAUUSD.
The EA combines trend direction, external market structure and breakout confirmation to identify BUY opportunities.
CORE LOGIC
• BUY positions only
• M30 EMA 50 / EMA 200 trend filter
• External market structure analysis
• External Higher High (HH) detection
• M15 breakout confirmation
• Candle-close confirmation before entry
• Configurable Stop Loss and Take Profit
• Maximum trades per day
• Trading day and time filters
• One position per symbol
HOW IT WORKS
1. TREND ANALYSIS
The EA evaluates the M30 market direction using EMA 50 and EMA 200.
2. EXTERNAL MARKET STRUCTURE
The EA analyzes external market structure and identifies significant Higher High formations.
3. BREAKOUT CONFIRMATION
After the required structure conditions are detected, the EA waits for M15 breakout confirmation.
4. BUY ENTRY
A BUY position is opened only when the required conditions are satisfied.
5. RISK MANAGEMENT
Stop Loss, Take Profit and maximum daily trade limits are applied according to the selected settings.
DEFAULT PARAMETERS
FixedLot = 0.01
StopLossUSD = 25.0
TakeProfitUSD = 50.0
LookbackBars = 120
MaxTradesDay = 5
MagicNumber = 515152
ExternalReversalATR = 1.20
MinExternalBars = 3
MaxStructureLabels = 30
ServerToWITA_Hours = 5
FEATURES
• BUY-ONLY strategy
• External structure based analysis
• M30 trend filter
• M15 breakout confirmation
• Fixed risk parameters
• Daily trade limit
• Trading schedule filter
• No martingale
• No grid
• No averaging down
BACKTEST
Historical Strategy Tester results are provided for reference only.
The EA has been tested using historical market data. Backtest results may differ from actual trading results because of spread, commission, execution conditions, liquidity, leverage, broker specifications and market conditions.
Past performance does not guarantee future results.
RISK WARNING
This Expert Advisor is an automated trading tool. Trading financial markets involves substantial risk.
Always test the Expert Advisor on a demo account and evaluate its behavior with your own broker conditions before considering live trading.
The user is responsible for selecting appropriate trading parameters and managing account risk.
