AureonFX LevelStrike

AureonFX LevelStrike is a disciplined XAUUSD breakout Expert Advisor built to trade around two of the most important reference zones in the market:

• Previous Day High and Low

• Previous Week High and Low

Instead of chasing price, LevelStrike waits for price to approach these predefined levels and places Buy Stop or Sell Stop orders only when the setup still qualifies.

The EA is designed for traders who want structured breakout execution, automated risk control, and consistent trade management without needing to monitor the chart continuously.

How LevelStrike Works

LevelStrike tracks the Previous Day High, Previous Day Low, Previous Week High, and Previous Week Low.

When a qualifying level is still valid, the EA can place:

• Buy Stops above the relevant high

• Sell Stops below the relevant low

Each strategy can be enabled or disabled independently, and the number of trades placed per side can be adjusted by the user.

The EA only places new pending trades between 06:00 and 20:00 broker server time.

At 20:00, remaining pending orders are removed. Any trades that have already been triggered continue to be managed automatically until they close.

Built-In Risk Management

LevelStrike gives the user control over how trade size is calculated.

Choose between:

Automatic Risk-Based Lot Sizing
The EA calculates position size using account equity, the selected risk percentage, the actual stop-loss distance, and the broker's XAUUSD contract specifications.

Manual Lot Sizing
Set a fixed lot size if you prefer to control trade volume directly.

Risk can also be allocated either per trade or across the strategy's available trade slots.

Fixed Risk-to-Reward Structure

Each trade is opened with a defined stop loss and take-profit target.

The default Risk-to-Reward ratio is:

1:2

This means the take-profit distance is automatically calculated at twice the initial stop-loss distance.

The Risk-to-Reward setting remains adjustable for testing and optimization.

Break-Even Protection

LevelStrike can automatically move the stop loss toward break-even once the trade reaches a defined level of profit.

The user can configure:

• Break-even trigger

• Break-even offset

• Whether break-even management is enabled

This allows the EA to reduce risk as a trade develops.

Intelligent Trailing Stop

LevelStrike includes two trailing-stop modes:

Fixed Trailing Stop
Uses a predefined trailing distance.

ATR Trailing Stop
Uses Average True Range to adjust the trailing stop according to current market volatility.

The ATR timeframe, period, multiplier, and trailing activation point can all be adjusted.

This allows the EA to manage XAUUSD differently during quiet and highly volatile market conditions.

Daily Trade Requalification

LevelStrike does not blindly replace trades after every stop-out.

Each day, the EA recalculates and reassesses the relevant breakout levels.

Before placing a new pending order, it checks whether:

• The level is still valid

• Price has already crossed the intended breakout entry

• The trading window is open

• The strategy has unused trade slots

• The account is within its drawdown limit

• The maximum open-risk limit has not been exceeded

If price has already moved through the breakout level before the EA can qualify the setup, LevelStrike will not chase the trade.

Previous Week Level Validation

Previous Week High and Low levels can remain relevant across multiple trading days.

LevelStrike reassesses these levels daily and can invalidate a weekly breakout side if the previous daily close has already moved beyond the selected weekly level according to the configured invalidation rules.

This helps prevent repeated entries around a level that may no longer be structurally relevant.

Maximum Drawdown Protection

LevelStrike includes a built-in account protection system.

The user can define a maximum drawdown percentage.

Drawdown is calculated from peak account equity.

If the maximum drawdown level is reached, the EA can:

• Stop placing new trades

• Remove remaining pending orders

• Optionally close open positions

The default configuration does not automatically close existing trades unless the user enables this option.

Maximum Open Risk Protection

In addition to drawdown protection, LevelStrike can restrict the total amount of account risk currently exposed across open positions and pending orders.

If a new trade would cause the configured maximum open-risk percentage to be exceeded, the EA will not place that order.

Opposite-Order Management

LevelStrike includes optional OCO-style management.

When enabled, if a Buy Stop triggers for a strategy, the remaining Sell Stop orders for that same strategy are removed.

If a Sell Stop triggers first, the corresponding Buy Stop orders are removed.

This feature can be switched off if the trader prefers both directions to remain available.

On-Chart Dashboard

The LevelStrike dashboard displays key information directly on the chart, including:

• Strategy

• Closed Profit/Loss

• Profit/Loss per closed trade

• Current calculated lot size

• Account equity

• Peak equity

• Current drawdown

• Maximum drawdown

• Current open risk

• Maximum open risk

• Risk-to-Reward setting

• Trading-window status

• Previous Day High and Low

• Previous Week High and Low

Performance is tracked separately for the Previous Day and Previous Week strategies using independent magic numbers.

Trading Window

LevelStrike is specifically designed to open new trades only during the active trading period:

06:00 to 20:00 broker server time

Outside this window:

• No new pending orders are placed

• Remaining pending orders can be removed automatically

• Existing open positions continue to be managed

This keeps entry activity restricted to a defined intraday session while allowing trade management to continue after the entry window closes.

Key Features

• Designed specifically for XAUUSD

• Previous Day High breakout strategy

• Previous Day Low breakout strategy

• Previous Week High breakout strategy

• Previous Week Low breakout strategy

• Buy Stop and Sell Stop entries

• 06:00–20:00 broker server trading window

• Automatic risk-based lot sizing

• Manual lot-size mode

• Adjustable risk percentage

• Adjustable Risk-to-Reward ratio

• Break-even protection

• Fixed trailing stop

• ATR-based trailing stop

• Maximum drawdown protection

• Maximum open-risk control

• Optional opposite-order cancellation

• Daily strategy requalification

• Independent strategy tracking

• On-chart performance dashboard

• Broker-aware XAUUSD position sizing

Who LevelStrike Is Built For

AureonFX LevelStrike is built for traders who prefer rule-based breakout trading around clearly defined market levels.

The EA handles the execution, risk calculation, pending-order management, stop-loss placement, take-profit placement, break-even protection, trailing-stop management, and daily strategy reassessment automatically.

You remain in control of the important parameters, while LevelStrike applies the rules consistently.

AureonFX LevelStrike — identify the level, wait for the break, manage the risk.