Gold Range Break L Shape EA

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

  • Adaptive Range Detection — Searches between 10 and 120 bars for a qualifying range.

  • ATR Range Filter — Identifies range-bound conditions based on range width relative to ATR.

  • Linear Regression Average Line — Uses a sloped average line to represent the market structure.

  • Breakout & Breakdown Detection — Detects both upward BO and downward BD signals.

  • Entry Distance Filter — Can skip late entries when price is too far from the average line.

  • L-Shape Visualization — Draws the breakout structure directly on the MT5 chart.

  • History Replay — Replays historical signals to analyze how the strategy behaved in previous market conditions.

  • Win/Loss Tracking — Tracks breakout and breakdown results separately, including losses.

  • 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.

  • Dashboard Panel — Displays entry, TP, SL, trailing status, win rates, trade statistics, and current trading mode.

  • Auto / Manual Trading Mode — Supports automatic signal-based trading as well as manual BUY/SELL controls.

  • Adjustable Lot Size — Lot size can be configured from the panel.

  • 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:

  • Breakout Wins / Losses

  • Breakdown Wins / Losses

  • Total Signals

  • Total Range Events

  • Skipped Entries

  • 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.


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