Nuvens Gold Breakout: Free MT5 Expert Advisor

Overview

Nuvens Gold Breakout applies an ATR volatility gate to prevent new trades when ATR falls below the minimum threshold. Signals form on M30 timeframe with an optional H4 EMA trend filter for confirmation. Entries include ATR buffers, while stop losses and take profits scale with ATR values. Position sizing follows a risk-per-signal formula. Management features breakeven entry and ATR-based trailing stops. Risk controls include daily loss limits and high-water-mark drawdown blocks. The EA also enforces spread limits and Friday trading hours. The README provides a complete operational model with entry, exit, and risk rules but contains no performance data.

ATR volatility gate

Pending breakout orders

Multi-timeframe trend filter

ATR-based management

Drawdown protections

Details

Author

Davimedeirosisj on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Breakout, Trend following

Markets

Gold

Timeframes

M15-H1, H4 and above

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

MQL5/Experts/NuvensGold/NuvensGold_Breakout.mq5

Source

github.com/Davimedeirosisj/nuvens-gold

Input Parameters

Read from NuvensGold_Breakout.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default
`SignalTF`	`ENUM_TIMEFRAMES`	`PERIOD_M30`
`BreakoutLookback`	`int`	`20`
`ATRPeriod`	`int`	`14`
`MinATR`	`double`	`2.0`
`EntryATRBuffer`	`double`	`0.10`
`SL_ATR`	`double`	`1.50`
`TP_ATR`	`double`	`2.00`
`UseHigherTFTrend`	`bool`	`true`
`HigherTF`	`ENUM_TIMEFRAMES`	`PERIOD_H4`
`TrendMAPeriod`	`int`	`50`
`RiskPerSignal`	`double`	`0.25`
`MaxDailyLoss`	`double`	`4.0`

Show all 27 inputs

Name	Type	Default
`MaxTotalDrawdown`	`double`	`8.0`
`InitialBalanceReference`	`double`	`0.0`
`UseEquityForRisk`	`bool`	`true`
`MagicNumber`	`long`	`26001501`
`MaxSpreadPoints`	`int`	`500`
`UseBreakEven`	`bool`	`true`
`BreakEvenAtR`	`double`	`1.0`
`BreakEvenOffsetATR`	`double`	`0.05`
`UseSwingTrailing`	`bool`	`true`
`TrailATR`	`double`	`1.0`
`PendingExpiryHours`	`int`	`24`
`CancelOppositeOnEntry`	`bool`	`false`
`UseNewsPause`	`bool`	`false`
`NewsPauseMinutes`	`int`	`60`
`FridayStopHour`	`int`	`20`

How to Install It

1Download the sourceUse "Download source (.zip)" above, or clone Davimedeirosisj/nuvens-gold 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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