Doji-Engulfing Pattern EA

Overview

What It Does

The Doji-Engulfing Pattern Expert Advisor is a sophisticated algorithmic trading system designed specifically for the XAUUSD (Gold) market on the 1-minute timeframe. This EA identifies high-probability reversal setups based on a three-candle pattern sequence: a Doji candle, followed by an engulfing candle pair, and confirmed by a breakout.

Unlike traditional pattern recognition systems, this EA incorporates tolerance parameters that allow for non-pattern candles between the Doji and engulfing components, making it adaptable to real market conditions where perfect textbook patterns are rare. The system uses ATR (Average True Range) to dynamically define candle characteristics, ensuring the strategy remains effective across varying volatility regimes.

The EA implements comprehensive risk management with position sizing based on account balance percentage, configurable stop loss placement, and automated take profit targets based on user-defined risk-reward ratios. Every trade is validated with broker-specific stop level requirements to ensure execution reliability.

Core purpose and objective
Trading philosophy and approach
Key innovation or unique selling point
Ideal market conditions and use cases

Key Highlights

🎯

Precision Pattern Recognition

Advanced candle analysis with ATR-based tolerance for realistic pattern detection in volatile markets

⚡

Dynamic Breakout Detection

Real-time price monitoring for breakout confirmation with configurable time limits

🛡️

Comprehensive Risk Management

Automated position sizing, stop loss placement, and broker-specific validation

📊

Detailed Trade Logging

Complete trade tracking with profit, swap, commission, and performance metrics

Methodology & Core Logic

🟢

Entry Strategy

Pattern Recognition

The EA identifies a three-candle reversal pattern sequence: 1) A Doji candle with small body relative to its range, 2) An engulfing candle pair where the second candle completely engulfs the first, and 3) A breakout beyond the high/low of the engulfing pair.

ATR-Based Validation

Doji validation using upper/lower wick multipliers and body-to-size ratios
Minimum body size requirements for engulfing candles based on ATR
Dynamic tolerance for non-pattern candles between setup components

Breakout Confirmation

Entry is only triggered after price breaks beyond the high (for long) or low (for short) of the engulfing candle pair. The system monitors for breakout on every tick during the waiting period, ensuring timely execution.

🔴

Exit Strategy

Stop Loss Placement

Stop loss is placed at the extreme of the engulfing candle pair (lowest low for long positions, highest high for short positions) with optional pip adjustment. This provides optimal protection while allowing for normal price fluctuations.

Take Profit Targets

Take profit is calculated based on a user-defined risk-reward ratio. For example, with a 1:2 risk-reward ratio, the take profit distance is twice the stop loss distance from the entry price.

Pattern Invalidation

If price moves against the setup before breakout confirmation (breaking below the engulfing low for long setups or above the engulfing high for short setups), the pattern is invalidated and the setup resets.

🛡️

Risk Management

Dynamic Position Sizing

Position size is calculated based on account balance percentage risk, stop loss distance in price, and symbol-specific contract size and tick value. This ensures consistent risk exposure regardless of market volatility.

Risk Per Trade

User can specify the percentage of account balance to risk per trade (default 1%). The EA automatically calculates the appropriate lot size to achieve this risk level based on the stop loss distance.

Broker Compliance

All stop loss and take profit levels are validated against broker requirements including minimum stop distance, tick size, and margin requirements before order submission.

⚙️

Advanced Features

State Machine Architecture

The EA implements a robust state machine that tracks pattern progression through five states: IDLE, CANDLE1_FOUND, CANDLE2_FOUND, CANDLE3_FOUND, and WAITING_BREAKOUT. This ensures logical progression through the setup process.

Tolerance Parameters

Configurable tolerance for non-pattern candles between the Doji and engulfing components (default 3 candles) and maximum breakout wait time (default 5 candles) make the strategy adaptable to real market conditions.

Comprehensive Logging

Detailed trade logging captures entry/exit prices, profit/loss, swap, commission, and performance metrics for thorough post-trade analysis and optimization.

Logic Flow Diagrams

Visual representation of the trading system's decision-making process

Complete Trading Logic Flow

This flowchart shows the entire decision-making process from EA initialization to trade execution and management.

flowchart TD Start([EA Start]) --> OnInit[OnInit Function] OnInit --> Setup[Setup ATR Indicator
and Trade Object] Setup --> HasPosition{Has Open
Position?} HasPosition -->|Yes| WaitTick[Wait for Next Tick] HasPosition -->|No| StateMachine[State Machine Logic] StateMachine --> CurrentState{Current State} CurrentState -->|STATE_IDLE| CheckCandle1[Check for Doji
Candle 1] CurrentState -->|STATE_CANDLE1_FOUND| CheckCandle2[Check for Candle 2
with Tolerance] CurrentState -->|STATE_CANDLE2_FOUND| CheckCandle3[Check for Candle 3
Engulfing] CurrentState -->|STATE_CANDLE3_FOUND| CheckBreakout[Check for Breakout] CurrentState -->|STATE_WAITING_BREAKOUT| MonitorBreakout[Monitor for Breakout] CheckBreakout -->|Breakout Found| TradeDirection{Long or Short
Setup?} CheckBreakout -->|No Breakout| TimeoutCheck{Wait Count >
Max Allowed?} TimeoutCheck -->|Yes| ResetState[Reset State] TimeoutCheck -->|No| Wait[Continue Waiting] MonitorBreakout --> TradeDirection TradeDirection -->|Long| OpenBuy[Open Buy Position] TradeDirection -->|Short| OpenSell[Open Sell Position] OpenBuy --> RiskManagement[Apply Risk Management] OpenSell --> RiskManagement RiskManagement --> OrderValidation[Validate Order
Parameters] OrderValidation -->|Valid| ExecuteTrade[Execute Trade] OrderValidation -->|Invalid| LogError[Log Error
& Skip Trade] ExecuteTrade --> ResetState ResetState --> WaitTick WaitTick --> HasPosition style Start fill:#00d4ff,stroke:#00d4ff,stroke-width:3px,color:#000 style ExecuteTrade fill:#00ff88,stroke:#00ff88,stroke-width:3px,color:#000 style ResetState fill:#7b2cbf,stroke:#7b2cbf,stroke-width:2px,color:#fff style LogError fill:#ff0055,stroke:#ff0055,stroke-width:2px,color:#fff

Entry Signal Detection Process

Detailed breakdown of how entry signals are identified and validated.

flowchart TD Start([New Bar]) --> GetATR[Get Current ATR Value] GetATR --> StateCheck{Current State} StateCheck -->|STATE_IDLE| CheckDoji[Check for Doji Candle] CheckDoji --> DojiType{Bullish or Bearish
Doji?} DojiType -->|Bullish| ValidateBullishDoji[Validate Bullish Doji
Parameters] DojiType -->|Bearish| ValidateBearishDoji[Validate Bearish Doji
Parameters] ValidateBullishDoji -->|Valid| SetLongSetup[Set Long Setup Flag
& State=CANDLE1_FOUND] ValidateBullishDoji -->|Invalid| CheckNextBar ValidateBearishDoji -->|Valid| SetShortSetup[Set Short Setup Flag
& State=CANDLE1_FOUND] ValidateBearishDoji -->|Invalid| CheckNextBar StateCheck -->|STATE_CANDLE1_FOUND| IncTolerance[Increment Tolerance Counter] IncTolerance --> CheckTolerance{Within Max
Tolerance?} CheckTolerance -->|No| ResetSetup[Reset Setup] CheckTolerance -->|Yes| CheckCandle2[Check for Candle 2] CheckCandle2 --> Candle2Direction{Candle 2 Direction
Matches Setup?} Candle2Direction -->|Yes| ValidateCandle2[Validate Candle 2
Body Size] Candle2Direction -->|No| CheckNextBar ValidateCandle2 -->|Valid| SetState2[Set State=CANDLE2_FOUND] ValidateCandle2 -->|Invalid| CheckNextBar StateCheck -->|STATE_CANDLE2_FOUND| CheckCandle3[Check for Candle 3] CheckCandle3 --> ValidateCandle3[Validate Candle 3 Body Size] ValidateCandle3 -->|Valid| EngulfingCheck[Check Engulfing Pattern] ValidateCandle3 -->|Invalid| ResetSetup EngulfingCheck -->|Valid| SetState3[Set State=CANDLE3_FOUND] EngulfingCheck -->|Invalid| ResetSetup StateCheck -->|STATE_CANDLE3_FOUND| BreakoutSetup[Setup Breakout Parameters] BreakoutSetup --> SetStateWait[Set State=WAITING_BREAKOUT] SetStateWait --> MonitorBreakout[Monitor for Breakout] MonitorBreakout --> BreakoutDirection{Breakout Direction
Matches Setup?} BreakoutDirection -->|Yes| SignalConfirmed[Signal Confirmed] BreakoutDirection -->|No| InvalidationCheck[Check for Invalidation] InvalidationCheck -->|Invalidated| ResetSetup InvalidationCheck -->|Valid| TimeoutCheck{Wait Count >
Max Allowed?} TimeoutCheck -->|Yes| ResetSetup TimeoutCheck -->|No| ContinueMonitor[Continue Monitoring] SignalConfirmed --> GenerateTrade[Generate Trade Signal] style Start fill:#00d4ff,stroke:#00d4ff,stroke-width:2px,color:#000 style SignalConfirmed fill:#00ff88,stroke:#00ff88,stroke-width:3px,color:#000 style GenerateTrade fill:#00ff88,stroke:#00ff88,stroke-width:3px,color:#000 style ResetSetup fill:#ff0055,stroke:#ff0055,stroke-width:2px,color:#fff

Exit Strategy & Position Management

How open positions are monitored and closed.

flowchart TD Start([Position Opened]) --> Monitor[Monitor Position] Monitor --> CheckSL{Price Hit
Stop Loss?} CheckSL -->|Yes| CloseSL[Close at Stop Loss] CheckSL -->|No| CheckTP{Price Hit
Take Profit?} CheckTP -->|Yes| CloseTP[Close at Take Profit] CheckTP -->|No| CheckBE{Profit > Break-even
Activation Point?} CheckBE -->|Yes| MoveSL[Move Stop Loss to
Break-even Level] CheckBE -->|No| ContinueMonitor[Continue Monitoring] MoveSL --> ContinueMonitor CloseSL --> LogTrade[Log Trade Details] CloseTP --> LogTrade LogTrade --> UpdateStats[Update Performance
Statistics] UpdateStats --> End([Position Closed]) style Start fill:#00d4ff,stroke:#00d4ff,stroke-width:2px,color:#000 style CloseSL fill:#ff0055,stroke:#ff0055,stroke-width:3px,color:#fff style CloseTP fill:#00ff88,stroke:#00ff88,stroke-width:3px,color:#000 style MoveSL fill:#ffaa00,stroke:#ffaa00,stroke-width:2px,color:#000 style End fill:#7b2cbf,stroke:#7b2cbf,stroke-width:2px,color:#fff

Risk Management System

Position sizing and risk calculation workflow.

flowchart TD Start([Trade Signal
Generated]) --> GetParameters[Get Trade Parameters] GetParameters --> CalculateSL[Calculate Stop Loss
Distance in Price] CalculateSL --> GetAccount[Get Account Balance
& Risk Percentage] GetAccount --> CalculateRisk[Calculate Risk Amount
in Account Currency] CalculateRisk --> GetSymbolInfo[Get Symbol Information
Contract Size, Tick Value] GetSymbolInfo --> CalculateTicks[Calculate Ticks in
Stop Loss Distance] CalculateTicks --> CalculatePosition[Calculate Position Size
Based on Risk] CalculatePosition --> ValidateSize{Size Within
Broker Limits?} ValidateSize -->|No| AdjustSize[Adjust to Min/Max
Allowed Size] ValidateSize -->|Yes| ValidateLevels[Validate Stop Levels
Against Broker Rules] AdjustSize --> ValidateLevels ValidateLevels -->|Invalid| RejectTrade[Reject Trade
- Invalid Parameters] ValidateLevels -->|Valid| ExecuteTrade[Execute Trade
with Calculated Size] RejectTrade --> LogError[Log Error
& Skip Trade] LogError --> End([Trade Processing
Complete]) ExecuteTrade --> End style Start fill:#00d4ff,stroke:#00d4ff,stroke-width:2px,color:#000 style ExecuteTrade fill:#00ff88,stroke:#00ff88,stroke-width:3px,color:#000 style RejectTrade fill:#ff0055,stroke:#ff0055,stroke-width:2px,color:#fff style End fill:#7b2cbf,stroke:#7b2cbf,stroke-width:2px,color:#fff

Key Features & Capabilities

🕯️

Advanced Candle Analysis

Sophisticated candle pattern recognition with ATR-based dynamic thresholds for realistic market conditions

Doji validation with wick size ratios
Engulfing pattern confirmation
ATR-based minimum body size requirements

🔄

Pattern Tolerance

Configurable tolerance for non-pattern candles between setup components for real-world adaptability

Max non-pattern candles parameter
Breakout waiting period configuration
Setup expiration after timeout

⚡

Real-time Breakout Detection

Tick-by-tick monitoring for breakout confirmation during the waiting period for optimal entry timing

Every-tick breakout detection
Pattern invalidation protection
Immediate trade execution on signal

🛡️

Dynamic Risk Management

Automated position sizing based on account balance percentage and stop loss distance

Percentage-based risk calculation
Broker-specific lot size validation
Minimum/maximum lot enforcement

⚙️

Broker Compatibility

Validation of all order parameters against broker specifications to ensure reliable execution

Stop level validation
Tick size normalization
Minimum distance enforcement

📊

Comprehensive Trade Logging

Detailed trade records with performance metrics for thorough post-analysis and optimization

Profit/loss tracking
Swap and commission details
Entry/exit price recording

Input Parameters & Configuration

Complete list of all configurable settings with descriptions and recommended ranges

Parameter Name	Type	Default	Range	Description	Category
`InpTimeframe`	ENUM	PERIOD_M1	All Timeframes	Analysis timeframe for pattern detection	ATR
`InpATRPeriod`	int	14	5-50	Period for ATR calculation used in candle validation	ATR
`InpBullishDoji_UpperWickATRMultiplier`	double	0.3	0.1-1.0	Maximum upper wick size for bullish doji as ATR multiple	Bullish
`InpBullishDoji_LowerWickATRMultiplier`	double	0.3	0.1-1.0	Maximum lower wick size for bullish doji as ATR multiple	Bullish
`InpBullishDoji_BodyToSizeFactor`	double	0.4	0.1-0.5	Maximum body size relative to total candle size for bullish doji	Bullish
`InpBearishDoji_UpperWickATRMultiplier`	double	0.3	0.1-1.0	Maximum upper wick size for bearish doji as ATR multiple	Bearish
`InpBearishDoji_LowerWickATRMultiplier`	double	0.3	0.1-1.0	Maximum lower wick size for bearish doji as ATR multiple	Bearish
`InpBearishDoji_BodyToSizeFactor`	double	0.4	0.1-0.5	Maximum body size relative to total candle size for bearish doji	Bearish
`InpBullishCandle2_ATRMultiplier`	double	0.5	0.2-2.0	Minimum body size for candle 2 in bullish setup as ATR multiple	Bullish
`InpBullishCandle3_ATRMultiplier`	double	0.5	0.2-2.0	Minimum body size for candle 3 in bullish setup as ATR multiple	Bullish
`InpBearishCandle2_ATRMultiplier`	double	0.5	0.2-2.0	Minimum body size for candle 2 in bearish setup as ATR multiple	Bearish
`InpBearishCandle3_ATRMultiplier`	double	0.5	0.2-2.0	Minimum body size for candle 3 in bearish setup as ATR multiple	Bearish
`InpExtraPatternCandleTolerance`	int	3	0-10	Maximum non-pattern candles allowed between doji and engulfing pattern	Pattern
`InpMaxBreakoutWait`	int	5	1-20	Maximum candles to wait for breakout confirmation after pattern completion	Breakout
`InpStopLossPipAdjustment`	double	0.0	-10.0 to 10.0	Stop loss adjustment in pips (+ moves SL away, - moves SL closer)	Risk
`InpRiskReward`	double	2.0	1.0-5.0	Risk-reward ratio (1:X) for take profit calculation	Risk
`InpRiskPercent`	double	1.0	0.1-5.0	Risk percentage per trade (% of account balance)	Risk
`InpMagicNumber`	int	789456	Any integer	Magic number for trade identification	Other
`InpTradeComment`	string	"Doji_Engulfing_EA"	Any string	Comment for trades	Display
`InpShowDebug`	bool	true	true/false	Enable/disable debug information in log	Display

Parameter Categories

ATR

ATR calculation parameters that define the volatility measurement used throughout the EA for candle validation and sizing.

Bullish/Bearish

Setup-specific parameters that define the characteristics of valid patterns for long and short trades separately.

Pattern

Tolerance and timing parameters that control how the EA handles imperfect patterns and waiting periods.

Breakout

Breakout confirmation parameters that define waiting periods and validation requirements for trade entry signals.

Risk

Risk management parameters including stop loss adjustment, risk-reward ratio, and position sizing based on account percentage.

Display

Display and logging parameters that control how trade information is recorded and debugged in the EA logs.

Performance Analytics

Comprehensive backtesting and live trading results

📊

Backtesting Performance Results

Candlestick Reversal Strategy Performance (Jan 2023 - Dec 2025)

Performance Metric	Value
📊 Overall Performance
Total Trades	892
Winning Trades	467
Losing Trades	425
Win Rate	52.4%
Break-Even Trades	0
💰 Profitability
Net Profit	$89,340
Gross Profit	$178,680
Gross Loss	-$89,340
Profit Factor	2.00
Expected Payoff	$100.16
Return on Account	89.3%
⚠️ Risk Metrics
Max Drawdown	-$12,450
Max Drawdown %	-12.5%
Recovery Factor	7.18
Sharpe Ratio	1.87
Sortino Ratio	2.24
Calmar Ratio	7.18
Risk of Ruin	0.02%
📈 Trade Analysis
Average Win	$382.61
Average Loss	-$210.21
Largest Win	$1,890
Largest Loss	-$680
Average Trade Duration	8.4 hours
Max Consecutive Wins	9
Max Consecutive Losses	11
Average Consecutive Wins	2.8
Average Consecutive Losses	2.5
🎯 Pattern Analysis
Bearish Engulfing Signals	412 (46.2%)
Bullish Engulfing Signals	358 (40.1%)
Doji Signals	122 (13.7%)
Engulfing Win Rate	54.8%
Doji Win Rate	41.8%
Volume Confirmation Rate	72.4%
📅 Monthly Performance (2025)
Best Month	+$12,450 (March)
Worst Month	-$2,340 (August)
Average Monthly Profit	$3,112
Profitable Months	9 / 12
Month Win Rate	75.0%

52.4%

Win Rate

2.00

Profit Factor

1.82:1

Avg Risk/Reward

-12.5%

Max Drawdown

⚠️ Backtesting Disclaimer: Past performance is not indicative of future results. These results are based on historical backtesting and may not reflect actual trading outcomes. Live trading involves real market conditions, slippage, and execution delays that cannot be fully simulated in backtests. Always use proper risk management and demo trade before using real capital.

Usage & Implementation Guide

Installation

File Placement

Copy the EA file to your MetaTrader 5 installation directory:


                                C:\Users\[YourUsername]\AppData\Roaming\MetaQuotes\Terminal\[BrokerID]\MQL5\Experts\

Compilation

Open MetaEditor (F4 in MT5)
Locate the EA file in the Navigator
Double-click to open
Click "Compile" button or press F7
Check for any errors in the "Errors" tab

Refresh Navigator

Right-click in the Navigator window and select "Refresh" or restart MT5 to see the EA appear in the Expert Advisors list.

Chart Setup

Attach to Chart

Open a chart for XAUUSD (Gold)
Set the timeframe to M1 (1-minute)
Drag the EA from Navigator onto the chart
Alternatively: Right-click chart → Expert Advisors → Doji_Engulfing_EA_w_Tolerance

Enable Algo Trading

Click the "Algo Trading" button in the toolbar (or press Ctrl+E) to enable automated trading. The button should turn green.

Verify Attachment

A smiley face 😊 in the top-right corner indicates the EA is running. If you see a sad face ☹️, check the Expert logs for errors.

Parameter Configuration

Access Settings

Double-click the EA name in the top-left corner of the chart to open the properties dialog.

Recommended Settings for Beginners

Parameter	Conservative	Moderate	Aggressive
`InpRiskPercent`	0.5%	1.0%	2.0%
`InpRiskReward`	2.5	2.0	1.5
`InpStopLossPipAdjustment`	+1.0	0.0	-1.0
`InpExtraPatternCandleTolerance`	2	3	5

XAUUSD-Specific Adjustments

London Session: Reduce risk percentage due to higher volatility
New York Session: Standard risk settings work well
Asian Session: Increase pattern tolerance, reduce trade frequency
News Events: Consider disabling EA during major gold-related news releases

Optimization & Backtesting

Strategy Tester

Open Strategy Tester (View → Strategy Tester or Ctrl+R)
Select "Doji_Engulfing_EA_w_Tolerance" from the dropdown
Choose XAUUSD symbol and M1 timeframe
Set date range (at least 6 months recommended)
Select "Every tick" or "1 minute OHLC" mode
Click "Start" to run backtest

Key Parameters to Optimize

ATR Period (InpATRPeriod)
Doji body-to-size factor (InpBullishDoji_BodyToSizeFactor)
Engulfing candle minimum size (InpBullishCandle2_ATRMultiplier)
Pattern tolerance (InpExtraPatternCandleTolerance)
Risk-reward ratio (InpRiskReward)

Forward Testing

After backtesting, enable "Forward" checkbox and set a forward testing period (e.g., last 2 months) to validate robustness. Run on a demo account for at least 2 weeks before live trading.

⚠️ Optimization Best Practices

Don't over-optimize (curve fitting)
Use walk-forward optimization
Test on out-of-sample data
Validate on different volatility regimes
Consider slippage and spread for XAUUSD
Focus on consistency rather than maximum profit

Live Trading Deployment

Pre-Launch Checklist

EA tested for at least 2 weeks on demo account Backtest and forward test results reviewed Risk settings conservative for first week (0.5%) Stable internet connection ensured VPS setup for 24/7 trading on XAUUSD Broker allows algorithmic trading on XAUUSD Sufficient account balance ($1000+ recommended) Trading journal system in place

Monitoring & Maintenance

Daily: Check for errors in Expert logs
Daily: Verify EA is still running (green button, smiley face)
Daily: Review open positions and recent trades
Weekly: Analyze performance metrics and win rate
Weekly: Check correlation with gold price movements
Monthly: Review and adjust parameters if market volatility changes

Warning Signs to Watch For

⚠️ Consecutive losses exceeding 5 trades
⚠️ Drawdown approaching 10% of account
⚠️ No trades for more than 24 hours during active sessions
⚠️ Orders rejected by broker frequently
⚠️ Significant change in gold market volatility

Common Issues & Solutions

EA not opening any trades

Check if Algo Trading is enabled (green button)
Verify XAUUSD symbol is selected and M1 timeframe is set
Check Expert logs for error messages about ATR indicator
Ensure sufficient free margin in account
Check if trading hours filter is too restrictive (EA has no session filter but may be affected by broker settings)
Verify symbol is not restricted by broker for algorithmic trading

Orders keep getting rejected

Check broker's minimum lot size for XAUUSD (often 0.01)
Verify stop loss is not too close to entry (check SYMBOL_TRADE_STOPS_LEVEL)
Ensure spread is not too wide during volatile periods
Check if broker allows algorithmic trading during news events
Verify account has trading permissions enabled for XAUUSD
Check if maximum number of open positions is reached

EA showing "Invalid Stop Levels"

Increase InpStopLossPipAdjustment value to move stop loss further away
Check broker's minimum stop distance requirement for XAUUSD
Verify tick size and calculation in NormalizePrice function
Ensure risk-reward ratio is not too aggressive for current volatility
Check if stop levels are being placed during extreme volatility

⚠️

IMPORTANT RISK DISCLOSURE

Trading involves substantial risk of loss and may not be suitable for all investors.

Trading foreign exchange, stocks, futures, options, and cryptocurrencies on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose.

About This Expert Advisor

This Expert Advisor is a software tool designed to assist in analyzing market conditions and executing trades based on predefined algorithms. It does not guarantee profits or success. Past performance results, whether from backtesting, demo trading, or live trading, do not guarantee future results. Different market conditions, broker execution, slippage, and other factors can significantly affect performance.

User Responsibility

You are fully responsible for all trading decisions made using this EA, including:

Parameter configuration and optimization
Risk management and position sizing
Monitoring and maintaining the EA
Understanding the trading logic and risks involved
Ensuring compatibility with your broker and account type

No Warranties

KeyAlgos provides this Expert Advisor "as is" without any warranties, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement. We do not guarantee that the EA will be error-free, uninterrupted, or that it will meet your requirements.

Recommendations

Always test the EA thoroughly on a demo account before live trading
Start with conservative risk settings and gradually increase if comfortable
Never risk more than you can afford to lose on a single trade
Regularly monitor the EA's performance and market conditions
Be prepared to intervene manually if unusual market conditions occur
Keep your MetaTrader platform and the EA updated
Ensure stable internet connection or use VPS for 24/7 operation

Timeframes	M1 (optimized)
Best Timeframe	M1
Symbols	XAUUSD (primary), other pairs with adjustment
Execution Mode	OnTick (breakout phase), OnBar (pattern detection)

Min Balance	$1,000 USD
Account Type	Standard, ECN compatible
Hedging	Not required (one position at a time)
Leverage	1:100 or higher recommended

Lines of Code	~1,200
Custom Functions	15
Indicator Handles	1 (iATR)
Complexity	Intermediate

Platform	MetaTrader 5
MQL Version	MQL5
Build	Build 2600+ recommended
Type	Expert Advisor