Gold Goat EA

Gold Goat EA is a fully automated breakout trading system specifically designed for XAUUSD on the M5 timeframe. This 

This expert advisor delivers consistent, profitable results in backtests while remaining fully customizable for your trading preferences.

Key Features

• Breakout strategy with configurable lookback period detection
• Multiple lot size modes: Fixed or Risk % of Balance
• Fixed stop loss and take profit levels in pips
• Intelligent trailing stop with breakeven functionality
• RSI confirmation filter for trade quality
• Optional trend filter with EMA slope detection
• ATR-based volatility filtering
• Time filter for optimal trading hours
• Spread and slippage filters to avoid unfavorable conditions
• Position management with bar-based exit
• Daily trade limit control
• Automatic symbol and timeframe validation

Breakout Settings

• Lookback Period: 20 bars (default, customizable)
• Wait for Candle Close: Optional confirmation
• Breakout Buffer: 5 points

Risk Management

• Lot Size Mode: Risk % of Balance or Fixed
• Fixed Lot Size: 0.1 (when using fixed mode)
• Risk % per Trade: 1.0% (default)
• Maximum Lot Size: 5.0
• Stop Loss: 150 pips (default)
• Take Profit: 300 pips (default)

Trade Quality Filters

• Trend Filter Mode: None / EMA-based (optional)
• Trend EMA Period: 50
• Min EMA Slope: 5 points per 10 bars
• ATR Period: 14
• Min/Max ATR Multiplier: 0.5 - 10.0
• Require Body Break: Ensures candle body confirms breakout

Confirmation Filters

• RSI Confirmation: Enabled by default
• RSI Period: 14
• Max RSI for Buy: 70 (avoids overbought entries)
• Min RSI for Sell: 30 (avoids oversold entries)
• Volume Confirmation: Optional
• Min Volume vs Average: 1.2x

Time Filters

• Start Hour: 0 (server time, 0 = no filter)
• End Hour: 24 (server time, 24 = no filter)
• Avoid Friday Afternoon: Optional
• Close Trades on Friday: Hour 15 (optional)

Spread & Slippage

• Max Spread: 50 pips
• Max Slippage: 30 points

Trailing Stop Settings

• Enable Trailing Stop: Yes
• Start Trailing After: 50 pips in profit
• Trailing Distance: 30 pips
• Move to Breakeven First: Optional
• Breakeven Activation: 30 pips
• Pips Above Breakeven: 5

Position Management

• Close After X Bars: Enabled
• Max Bars to Hold Position: 2
• Max Trades Per Day: 8 (0 = unlimited)

Requirements

• Minimum deposit: $299 USD
• Leverage: 1:30 minimum
• Symbol: XAUUSD (Gold)
• Timeframe: M5 only
• Account type: Any

Strategy Logic

The EA identifies breakout levels by analyzing the highest high and lowest low over a specified lookback period. When price breaks above resistance or below support (with optional body break confirmation), it validates the trade using RSI filters to avoid overbought/oversold conditions. The ATR filter ensures trades only occur during appropriate volatility conditions. Once in a trade, the intelligent trailing stop automatically adjusts to lock in profits, with optional breakeven functionality for added protection.

So for best results, it is highly suggested that you run this EA on a currently trending pair for highest ROI. (Return Of Income).

Installation

This is a plug-and-play solution. Simply attach to your XAUUSD M5 chart and configure your preferred parameters. The EA will automatically verify the correct symbol and timeframe on initialization.

Disclaimer

Past performance does not guarantee future results. Always test on a demo account before trading with real funds. Trading forex and CFDs involves substantial risk of loss.