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Gold Range Breaker is an MT5 expert advisor for XAUUSD. It detects a recent support and resistance range, places Buy Stop and Sell Stop orders around it, and manages the trade with stop loss, take profit and an optional trailing stop.
Get one message the moment it launches, with its price.
Gold Range Breaker is an automated expert advisor for MetaTrader 5 that trades breakouts on gold (XAUUSD). It looks for a recent trading range, places pending stop orders either side of it, and lets price decide which direction triggers.
The EA scans recent price action to find support and resistance levels that form a usable range. When a valid range is found, it places two pending orders:
The distance between the range edge and the order is set by a configurable breakout buffer. When price breaks out and one order is filled, the other pending order is removed automatically. The EA then waits for that setup to finish before creating a new one, so only one setup is active at a time.
The developer states that the EA does not use martingale, averaging or recovery systems. Each position follows predefined entry and exit rules. You should still confirm this behaviour yourself on a demo account.
The EA is designed for XAUUSD only. The suggested timeframes are M5 and M15, and the suggested sessions are London and New York, when gold tends to be most active. Symbol names vary between brokers, so check how your broker labels gold before attaching the EA.
The main inputs are listed below. Exact names, defaults and units can differ, so read them in the inputs window when you attach the EA and do not assume any value is suitable for your account.
| Input | Purpose |
|---|---|
| Lot size | Volume used for each trade |
| Breakout buffer | Distance between the range edge and the pending order |
| Stop loss | Fixed protective stop distance |
| Take profit | Fixed profit target distance |
| Trailing stop | Optional trailing of the stop as price moves |
| Swing high/low stop loss | Optional stop based on recent swing points |
| Magic number | Identifier for the EA's orders |
The developer suggests an ECN or raw spread account, leverage up to 1:500 and a deposit of around USD 3,000, along with a VPS for uninterrupted operation. Treat these as guidance only. Breakout orders on gold are sensitive to spread, slippage and execution speed, so check your own broker's conditions and size positions to your own risk limits.
Trading forex, CFDs and precious metals carries a high level of risk and may not suit every investor. Past results, including any backtest, do not predict future ones. Test on a demo account first and use position sizes you can afford.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Grid, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Symbol | XAUUSD (gold) |
| Suggested timeframes | M5 and M15 |
| Trade style | Range breakout with pending stop orders |
| Suggested sessions | London and New York |
| Suggested account | ECN or raw spread; a VPS is recommended |
| Developer's deposit guidance | About USD 3,000 at 1:500 leverage; confirm for your broker |
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No. This product is an MT5 expert advisor and runs only in MetaTrader 5. It will not load in MT4.
It is designed for XAUUSD, with M5 and M15 as the suggested timeframes. Your broker may name the symbol differently, for example with a suffix, so check the exact gold symbol in your Market Watch.
The developer states that it does not use martingale, averaging or recovery methods. It works with one active setup at a time, each with predefined stops. Review the inputs and test on a demo account to confirm the behaviour matches your expectations.
The developer suggests an ECN or raw spread account, trading during the London and New York sessions, and a VPS for continuous running. Spreads, slippage and execution speed affect breakout orders on gold, so test on your own broker's conditions.
Copy the expert advisor into the Experts folder via File, Open Data Folder, MQL5, Experts in MetaTrader 5, then restart the terminal or refresh the Navigator. Open an XAUUSD chart, drag the EA onto it and enable AutoTrading.
The developer mentions a figure of around USD 3,000, but the right amount depends on your lot size, stop loss and risk tolerance. Check the input settings and test on a demo account before deciding.
Gold Range Breaker MT5
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