Session RangeBreakout

RB Gold is a quantitative, rule-based Session Range Breakout Expert Advisor engineered specifically for XAUUSD (Gold) and major volatility pairs.

Unlike 90% of Gold EAs that rely on risky grids, martingale, or averaging schemes that eventually blow accounts, RB Gold utilizes a 100% pure, single-shot price action approach. It identifies institutional liquidity consolidation during a customizable session window (default 00:00 to 05:00 GMT) and captures the high-momentum breakout that follows.

Every single trade is strictly protected by a physical Hard Stop Loss and a dynamic R-Multiple Take Profit target. The algorithm uses 100% Pure Single-Shot Execution — strictly No Grid, No Martingale, No Recovery, No Hedging, and No Overnight Swap.

Core Advantages & Features

• Pure Price Action Breakout: Places precision Buy Stop and Sell Stop pending orders at a customizable percentage offset (default +5% of range width) outside the session high and low to filter out false tick pokes.

• Smart Daily ATR(14) Volatility Filter: Measures yesterday's Daily ATR and automatically skips trading on days when the session range is abnormally flat/choppy (below 0.1x ATR) or already exhausted by news/pre-session spikes (above 0.8x ATR).

• True OCO (One-Cancels-Other) Execution: As soon as one breakout direction triggers into an active position, the opposite pending order is immediately deleted to avoid dual-side exposure.

• Dynamic R-Multiple Risk/Reward Engine: Calculates Stop Loss at the opposite range boundary and sets Take Profit dynamically in multiples of Risk (default 2.0 R = 1:2 Risk-to-Reward ratio).

• Prop-Firm Friendly Risk Management: Choose between a Fixed Lot size or automatic % Balance Risk per Trade with built-in Free Margin and Broker Volume Limit protections.

• Intraday Auto-Cancellation & Time Exit: Unfilled pending orders are automatically cancelled at your chosen GMT hour (default 15:00 GMT), and any remaining open trade is closed before the daily rollover (default 16:00 GMT) to avoid overnight swap fees, weekend risk, and widening spreads.

• Visual On-Chart Blueprint & Status Dashboard: Draws the shaded Session Range Box, Buy/Sell Stop lines, and real-time broker/GMT timing status directly on your MT5 chart.

How the Strategy Works (The 4-Phase Daily Cycle)

1. Phase 1 — Session Range Mapping (00:00 – 05:00 GMT): The EA tracks the exact Highest High and Lowest Low of the session using M5 precision data, regardless of the timeframe you attach the chart to.

2. Phase 2 — ATR Volatility Validation (05:00 GMT): At the end of the session range, the EA compares the range width against the Daily ATR(14) filter. If the range is within 0.1x – 0.8x Daily ATR, the day is approved for trading.

3. Phase 3 — Pending Order Placement & OCO Management: Buy Stop and Sell Stop orders are placed with calculated lot sizes, SL, and TP. Once price breaks out and triggers one order, the opposite order is immediately cancelled.

4. Phase 4 — Intraday Cleanup (15:00 – 16:00 GMT): Unfilled orders are removed at 15:00 GMT, and open positions are closed cleanly at 16:00 GMT so your account starts fresh every trading day.

Input Parameters Guide

=== General Settings ===

• InpMagicNumber (111111): Unique identifier for RB Gold orders so it never interferes with manual trades or other EAs.

• InpMaxDeviation (30): Maximum allowed slippage in points during market order execution.

• InpOrderComment (RB): Custom trade comment displayed in your MT5 trade history.

=== Session Times (GMT) ===

• InpRangeStartGMT (0): Start hour of the consolidation range in GMT (0 to 23).

• InpRangeEndGMT (5): End hour of the range and exact hour when breakout pending orders are placed (GMT).

• InpCancelGMT (15): GMT hour to delete any unfilled pending orders if no breakout occurred.

• InpCloseGMT (16): GMT hour to close any open trade intraday before market rollover.

• InpBrokerOffset (2): Your broker's winter server time offset from GMT (usually +2 for most ECN brokers).

• InpUSDaylight (true): Enable +1 hour adjustment during US/European Daylight Saving Time (DST) when your broker shifts to GMT+3.

=== Entry / Exit ===

• InpStopDistPct (5.0): Buffer distance added above Range High and below Range Low (as a % of total range width) to filter out false tick pokes.

• InpTakeProfitR (2.0): Take Profit distance measured as a multiple of the Stop Loss distance (e.g., 2.0 = 1:2 Risk-to-Reward).

=== Range Filter (Daily ATR) ===

• InpUseATRFilter (true): Enables or disables the Daily ATR volatility filter.

• InpATRPeriod (14): Averaging period for the Daily ATR indicator.

• InpMinATRPct (0.1): Minimum required session range width as a fraction of Daily ATR (skips dead/flat markets).

• InpMaxATRPct (0.8): Maximum allowed session range width as a fraction of Daily ATR (skips already-extended markets).

=== Money Management ===

• InpRiskPct (1.0): Percentage of account balance risked per trade (active when Fixed Lot is set to 0).

• InpFixedLot (0.01): Fixed lot size per trade. Set to 0.0 to activate automatic % Risk lot sizing.

• InpMaxLot (5.0): Maximum safety cap on lot size per order.

=== Display & Alerts ===

• InpShowDashboard (true): Displays the real-time status panel on the chart.

• InpDrawRange (true): Draws the Session Range rectangle and Buy/Sell breakout levels.

• InpPopupAlerts / InpPushNotify (false): Enables MT5 terminal pop-up alerts and mobile push notifications when orders are placed or closed.

Recommended Trading Conditions

• Primary Symbol: XAUUSD / Gold (compatible with any broker suffix such as XAUUSDm, XAUUSD.raw, GOLD, etc.).

• Timeframe: Attach to M1 or M5 chart (internal range calculation uses M5 bars automatically).

• Account Type: ECN / Raw Spread account with low commission and fast execution.

• Minimum Deposit: $100+ (with 0.01 fixed lot) or $500+ for dynamic percentage risk sizing (ideal for Prop Firm challenges).

• VPS: A low-latency VPS is highly recommended for uninterrupted 24/5 execution.

Disclaimer: Algorithmic trading on financial markets carries risk. Always backtest and run on a demo account first to understand the broker server offset behavior and spread performance before going live.