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Aurum Channel Breakout is a trend-following Expert Advisor for gold (XAUUSD). It trades breakouts of a price channel with simple, fixed rules and a stop loss on every trade. How it trades At each new H4 bar the EA finds the highest high and the lowest low of the last 40 closed H4 bars. It places a buy stop order at the high and a sell stop order at the low. Each order carries a stop loss of 2 x ATR(20) of H4. When one order fills, the other is removed, so the EA holds at most one position. The
