LarryTrader

LarryTrader EA is a fully automated trading system developed for XAUUSD on the 5-minute timeframe. The algorithm is built around a dynamic breakout and momentum model, designed to capitalize on intraday price movements with strict risk control. It intelligently adapts to market conditions using volume confirmation, volatility filters, and adaptive stop-loss management. The EA includes advanced risk tools such as partial profit-taking, customizable trailing stops, and break-even logic to protect your capital and lock in gains. No martingale, grid, or dangerous recovery strategies are used. Ideal for traders seeking a consistent, disciplined approach to scalping gold.

If you activate the built-in safety features such as partial profit-taking, custom trailing stop-loss, and trailing take-profit, you will experience higher win rates and lower drawdowns, although the overall profits per trade may be smaller. These options give you complete control over how aggressively or conservatively the EA manages your trades.

The algorithm is currently optimized for XAUUSD on the 5-minute chart, but testing is ongoing for other assets and timeframes. Additional verified configuration files and recommended settings will be made available in the near future to further expand the EA's usability.

Features:

• Optimized for XAUUSD (Gold) on the 5-minute timeframe
• Advanced breakout and volume-based strategy
• Dynamic stop-loss placement based on price structure
• Custom trailing stop and take-profit management
• Partial profit-taking system with break-even protection
• No martingale, grid, or recovery techniques
• Fully automatic, minimal user intervention required
• Clean and customizable risk settings
• Works with any broker supporting XAUUSD and 5-minute chart

Parameters:

Strategy Settings:
• DonchianPeriod – Period for the Donchian Channel (default: 300)
• SmoothPeriod – Smoothing period for Williams %R (default: 20)
• VolumeMAPeriod – Period for the Volume Moving Average (default: 75)
• RR – Risk-to-Reward ratio (default: 1.0)
• StoplossMethod – Stop-loss calculation method:
0 = Donchian Channel middle line
1 = Previous high/low from last N candles
• PrevCandles – Number of candles used for high/low stop-loss calculation (default: 15)

Risk Management:
• RiskPercent – Risk percentage per trade (default: 1.0%)
• UsePartialProfit – Enable/Disable partial profit-taking
• UseCustomTrailingTP – Enable/Disable dynamic trailing take-profit logic
• UseCustomTrailingSL – Enable/Disable dynamic trailing stop-loss logic

Testing & Lot Management:
• TestMode – Enable/Disable test mode (forces lot size override below balance threshold)
• BalanceThreshold – Balance level at which TestLotOverride is used (default: 100.0)
• TestLotOverride – Lot size used when in test mode and balance is below threshold (default: 0.01)

Miscellaneous:
• ShowDonchianChannel – Show/hide Donchian Channel lines on chart
• InpMagic – Unique magic number for trade identification