London Range Breakout MT5

  • Experts
  • Philipp Standke
    Philipp Standke

    Philipp Standke

    I build Expert Advisors, indicators and small tools for MT4 and MT5, mostly around gold (XAUUSD) and risk management. Three of my own EAs are in the Market (Kernvio series) and I run a public signal, so I've seen what goes wrong once code hits a real broker: tick value on gold, spread spikes at
  • Versão: 1.32
  • Ativações: 10
London Range Breakout MT5

London Range Breakout MT5 is an Expert Advisor for MetaTrader 5 that trades GBPUSD on the M5 timeframe. It measures a configurable intraday range and places breakout stop orders after the range window. Every order is sent with a stop loss and take profit.

MAIN FEATURES

• GBPUSD M5 range breakout logic
• Configurable server-time trading window
• Buy Stop and Sell Stop pending orders
• Stop loss, take profit, break-even and trailing stop
• Fixed lot or risk-based Auto Lot
• Seven Auto Lot risk levels: Low, Low Medium, Medium, Medium High, High, Very High and Extreme
• Optional recovery sizing with a configurable multiplier and maximum steps
• Maximum spread filter
• Daily profit and loss protection
• Optional customer dashboard and chart levels
• No DLL imports and no external web requests

AUTO LOT

Auto Lot calculates the position size from the stop-loss distance and the selected risk level. Default levels:
Low 0.25% | Low Medium 0.50% | Medium 1.00% | Medium High 1.50% | High 2.00% | Very High 3.00% | Extreme 5.00%

The default setting is Medium. Select a risk level suitable for your account and test on a demo account before live use. Recovery sizing can increase the next position after a loss and should be enabled only when you accept that additional risk.

RECOMMENDED SETUP

Attach the EA to GBPUSD M5. Use broker server time for range start, range end and pending-order expiry. Keep the dashboard enabled during initial testing. Start with Low or Medium risk and verify spread, execution and symbol specifications with your broker.

IMPORTANT INFORMATION

This software is an automated trading tool. Historical Strategy Tester results are not live trading results and do not guarantee future performance. Results can differ because of broker quotes, spreads, commissions, execution, slippage, account type and market conditions. Never use money you cannot afford to lose.

The seller provides the compiled EX5 product for MetaTrader 5. Source code is not distributed through the Market.
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