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
XAUUSD 1Min MV
This MetaTrader 5 expert advisor is designed for trading gold on the one-minute timeframe.
GitHub stars4
Forks1
Last update4 years ago17 May 2022
LicenceNone stated
Overview
XAUUSD 1Min MV appears to execute trades based on a price movement percentage over a specific number of bars, as indicated by the movement percent and bar count parameters. The tool includes fixed lot sizing and slippage controls but lacks visible stop loss or take profit inputs. It features external DLL imports to execute shell commands and includes code for logging data to CSV files. The repository contains no documentation, and the README is missing.
- Percentage-based price movement detection
- CSV data logging functionality
- External DLL shell execution integration
- Configurable slippage and magic number
- Optimized for XAUUSD M1 timeframe
Details
Author
TTSS000 on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout
Markets
Gold
Timeframes
M1-M5
Risk profile
- Trades without a fixed stop loss
EA files
Input parameters
Read from XAU-1min-mv.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
mv_percent | double | 0.25 | |
bars_after | int | 5 | |
param_lots | double | 0.01 | |
param_slip_point | int | 100 | |
param_magic | int | 234545072 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone TTSS000/XAUUSD-1min 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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