This MetaTrader 5 expert advisor implements an open range breakout strategy specifically designed for gold trading on the hourly timeframe. It identifies the high and low of the initial trading hour and establishes a definitive range after a user-defined consolidation period. Trades are triggered when price breaks thro
Trading robot · MT5
EA Pending Order MT5
This MetaTrader 5 expert advisor is designed specifically for trading gold (XAUUSD) using a breakout strategy.
GitHub stars1
Forks0
Last update3 weeks ago28 Aug 2026
LicenceNone stated
Overview
EA Pending Order MT5 functions by placing buy stop and sell stop pending orders at a fixed distance from the current price during specified trading hours. The robot includes risk management features such as a configurable stop loss, take profit, and a trailing stop to manage open positions. It also implements a maximum spread filter to avoid entries during high volatility. The documentation is minimal, but the EA provides clear controls for lot sizing and trade direction.
- Automated pending order breakout entries
- Integrated trailing stop loss logic
- Time-restricted trading window
- Maximum spread protection filter
- Configurable stop loss and take profit levels
Details
Author
Azkaky2 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout
Markets
Gold
Timeframes
M15-H1
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from EA_Pending_Order_MT5.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Lot_Size | double | 0.10 | Ukuran lot |
BuyStop_Distance | double | 50 | Jarak Buy Stop (pips) |
SellStop_Distance | double | 50 | Jarak Sell Stop (pips) |
StopLoss_Pips | double | 30 | Stop Loss (pips) |
TakeProfit_Pips | double | 60 | Take Profit (pips) |
TrailingStop_Pips | double | 20 | Trailing Stop (pips) |
MaxSpread_Points | int | 30 | Spread Max (points) |
Start_Hour | int | 8 | Jam mulai |
End_Hour | int | 22 | Jam selesai |
Enable_Buy | bool | true | Aktifkan Buy |
Enable_Sell | bool | true | Aktifkan Sell |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Azkaky2/EA-Pending-Order from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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