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Write a full description of an mt5 EA USD SWING 26 EA. It works on xauusd 1h timeframe
Mini deposit $1000
Strategy breakout
The USD SWING 26 EA for MetaTrader 5 is an algorithmic trading system tailored specifically to capture high-probability price swings and breakout momentum on XAUUSD (Gold) using the 1-Hour (H1) timeframe. Built with a strictly defined risk profile, it avoids high-risk recovery strategies (such as Grid or Martingale) and focuses on directional structural breakouts.
MQL5
Below is the product description for the USD SWING 26 EA.
USD SWING 26 EA (MT5)
Overview
USD SWING 26 EA is an automated Expert Advisor engineered for MetaTrader 5, designed to trade XAUUSD (Gold Spot) on the H1 timeframe. Gold’s high intraday volatility and strong daily ATR (Average True Range) make it ideal for swing breakout strategies. This EA systematically identifies key market structure levels (support/resistance ranges and consolidation channels) and executes directional trades as price breaks out with confirmed momentum.
MQL5+ 2
Strategy & Core Logic
- Structural Swing Breakouts:
- Automatically calculates recent swing highs, swing lows, and session consolidation channels on the H1 chart.
- Places limit/stop orders or executes at market when price closes decisively outside key structural boundaries.
- Trend & Volatility Filters:
- ATR & ADX Filters: Confirms that market volatility and trend strength are sufficient before triggering entries, avoiding low-volume consolidation traps.
- Higher Timeframe Alignment: Uses macro direction (H4/D1) to ensure breakouts align with the underlying trend. MQL5
- Execution & Trade Management:
- Dynamic Stop Loss (SL) and Take Profit (TP) levels based on ATR multiples.
- Features automatic Break-Even (BE) activation and an intelligent Trailing Stop to lock in profits as gold moves in favor. Pro-Scalper
Technical Specifications & Parameters
| Parameter | Recommended Value |
|---|---|
| Trading Platform | MetaTrader 5 (MT5) |
| Symbol / Instrument | XAUUSD (Gold Spot) |
| Timeframe | 1-Hour (H1) |
| Minimum Deposit | $1,000 USD |
| Account Type | ECN / Raw Spread / Low-Commission |
| Leverage | 1:100 to 1:500 |
| Strategy Class | Momentum Swing & Range Breakout (No Grid / No Martingale) |
Risk & Capital Management
- Fixed Risk Per Trade: Automated lot calculation risk scaled between 1% and 2% per trade based on the $1,000 minimum deposit.
- No Martingale / No Grid: Each trade is an isolated position with a hard Stop Loss set immediately at entry.
- Session & Spread Protection: Built-in spread filters pause trading during extreme market illiquidity or high-impact news releases to protect against slippage. Pro-Scalper
- Friday Auto-Close: Optional rule to close open trades or disable new entries before the weekend to prevent gap risk.
Recommended Deployment Steps
- VPS Setup: Run MT5 on a low-latency Virtual Private Server (VPS) near your broker’s server (latency < 10ms) to ensure optimal breakout execution speed.
- Broker Choice: Deploy on a Raw Spread or ECN account with tight spreads on Gold (under 15-20 pips/points).
- Demo Testing First: Run the EA on a $1,000 demo account for 2–4 weeks to observe trade execution during high-volatility market sessions before transitioning to live funds.
