Gold Range Break L Shape EA
- Эксперты
- Версия: 1.0
- Активации: 5
Gold RangeBreak L-Shape EA for MT5
RangeBreak L-Shape EA is an automated MetaTrader 5 trading system designed to detect range-bound market conditions and identify potential breakout (BO) and breakdown (BD) opportunities.
The EA uses an adaptive 10–120 bar range lookback, ATR-based range detection, and a sloped linear-regression average line to identify the market's current structure. When price breaks the average line, the EA can generate an L-shape or reverse-L breakout signal.
Key Features
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Adaptive Range Detection — Searches between 10 and 120 bars for a qualifying range.
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ATR Range Filter — Identifies range-bound conditions based on range width relative to ATR.
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Linear Regression Average Line — Uses a sloped average line to represent the market structure.
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Breakout & Breakdown Detection — Detects both upward BO and downward BD signals.
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Entry Distance Filter — Can skip late entries when price is too far from the average line.
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L-Shape Visualization — Draws the breakout structure directly on the MT5 chart.
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History Replay — Replays historical signals to analyze how the strategy behaved in previous market conditions.
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Win/Loss Tracking — Tracks breakout and breakdown results separately, including losses.
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Trailing Protection — At the configured percentage of the entry-to-target movement, the EA can book part of the position and move the stop toward the entry area.
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Dashboard Panel — Displays entry, TP, SL, trailing status, win rates, trade statistics, and current trading mode.
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Auto / Manual Trading Mode — Supports automatic signal-based trading as well as manual BUY/SELL controls.
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Adjustable Lot Size — Lot size can be configured from the panel.
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Alerts — Provides breakout/breakdown alerts when signals occur.
Trading Logic
The EA continuously evaluates market structure and looks for a qualifying range. Once a breakout or breakdown occurs, it creates the corresponding L-shaped visual structure and records the signal.
BUY / Breakout:
Price breaks above the average structure line.
SELL / Breakdown:
Price breaks below the average structure line.
The system then calculates the target and protective stop using the detected range/structure size. Its trailing mechanism can activate after the configured percentage of the entry-to-target movement has been reached.
Performance Tracking
RangeBreak L-Shape EA maintains separate statistics for:
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Breakout Wins / Losses
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Breakdown Wins / Losses
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Total Signals
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Total Range Events
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Skipped Entries
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Current trading status
The dashboard displays these statistics directly on the MT5 chart.
Important
This EA is a technical trading tool, not a guarantee of profit. Results can vary depending on the symbol, timeframe, spread, broker conditions, market volatility, and selected parameters. Always test and optimize the EA with historical data and a demo account before using real funds.
