Gold Donchian Breakout EA

Gold Donchian Breakout EA

Gold Donchian Breakout EA is a rule-based breakout system for XAUUSD (MT5).
On each new bar it validates data, confirms momentum with an embedded Gann High/Low Activator, places Buy Stop orders at recent Donchian highs, and protects the trade with an ATR-based stop-loss. The indicator is embedded as a resource, so the EA works out of the box in the Strategy Tester and on live charts.

Recommended usage
Designed for XAUUSD (gold) with a recommended timeframe of M30. It can also be used on H1.

Recommended: start with a low risk configuration to understand the EA’s behavior before increasing exposure.

Key features

• Donchian breakout entries (Buy Stop at the highest high over N bars).
• Gann HL filter (embedded resource, no external files).
• ATR-based stop-loss (period + multiplier).
• Fixed USD risk or fixed lot (broker min/step/max enforced).
• Pending order auto-expiration by bars.
• Daily trade limit and time-in-market exit.
• Tick-grid normalization, stops-level checks, and margin checks.

• Money Management: InpRiskUSD (>=0; 0 = disabled), InpLotSize , InpATRMultiplier , InpATRPeriod .
• Strategy: InpDonchianPeriod (bars), InpOrderValidity (bars), InpBarsInMarket (bars), InpMagicNumber .
• Safety: InpMaxDailyTrades (0 = unlimited).

1. On a new bar, the EA validates data and filters.
2. If the Gann HL line is above the previous low and a Donchian breakout is present, it places a Buy Stop at the Donchian high.
3. Stop-loss = ATR × multiplier.
4. Volume by fixed USD risk or fixed lot; broker constraints enforced.
5. Levels normalized to tick size, stops level respected, and margin checked before sending.
6. Positions can auto-close after InpBarsInMarket bars.

• Built for XAUUSD, recommended on M30; H1 is also supported.
• Start with a low risk setup to evaluate behavior and adapt parameters to your broker’s conditions.
• This is a technical tool; results depend on market conditions and user settings.
• No DLLs, no WebRequest, no external licensing.