Linear Regression Breakout for Gold MT5
- Experts
- Jason Binet Lafontaine
- Version: 1.0
- Activations: 20
Linear Regression Breakout EA
The Linear Regression Breakout EA is an Expert Advisor designed for MetaTrader 4 and MetaTrader 5 platforms, specifically tailored for trading XAUUSD/Gold on the H4 timeframe. This EA employs a linear regression model to identify potential breakout opportunities, aiming to capitalize on significant market movements.
Key Features:
- Linear Regression Entry Signals: Detects long and short entry points based on the relationship between the opening price and the linear regression line, indicating potential breakouts.
- Strategic Order Placement: For long positions, places stop orders above the Simple Moving Average (SMA) plus a multiple of the Average True Range (ATR); for short positions, places stop orders below the SMA minus a multiple of the ATR.
- Dynamic Risk Management: Utilizes ATR-based Stop Loss and Profit Target levels to adapt to changing market volatility, enhancing trade management.
- Trailing Stop Mechanism: Implements a trailing stop based on the Ichimoku Kinko Hyo's Senkou Span A to lock in profits as the trade moves favorably.
- Time-Based Trading Restrictions: Avoids trading during weekends and specific hours to prevent unfavorable market conditions, with customizable trading times and days.
- Trade Frequency Control: Limits the maximum number of trades per day to manage exposure and reduce overtrading risks.
Robustness:
To ensure unparalleled reliability, The EA has been subjected to rigorous testing methodologies, including:
- What-If Simulations: Assessing performance by removing the most profitable trades, simulating high swap fees, limiting trades to 2 per day, and forcing small fixed lot sizes to prevent overfitting.
- Monte Carlo Simulations: Evaluating strategy robustness under varying market conditions.
- Sequential Parameter Optimization: Systematic optimization to identify stable parameters and avoid overfitting.
- Cross-Market Backtests: Validating adaptability by achieving break-even or better performance on additional markets.
- Walk Forward Testing: Testing with different out-of-sample percentages to validate performance consistency.
Configurable Options
| Option | Description |
|---|---|
| Preferred filling type | Will be applied if available. |
| Force preferred filling type | If set to true, it will force using preferred filling type when 0. |
| CustomComment | Allows you to add a custom comment to your trades for better identification and management. |
| MagicNumber | A unique identifier for your trades, allowing you to distinguish between different strategies and manage them efficiently. |
| UseMoneyManagement | Enables or disables money management features. |
| mmRiskPercent | Defines the percentage of your account balance that is at risk for each trade, ensuring proper money management and risk control. |
| mmLotsIfNoMM | Specifies the number of lots if not using smart money management. |
| mmMaxLots | Sets the maximum number of lots that can be traded. |
| DontTradeOnWeekends | Prevents the EA from opening new trades over the weekend to avoid low-liquidity markets and potential gaps. |
| FridayCloseTime | Specifies the time trading stops on Fridays. |
| SundayOpenTime | Specifies the time trading resumes on Sundays. |
| ExitAtEndOfDay | Determines whether the EA should close all positions at the end of the trading day. |
| EODExitTime | If enabled, specifies the time at which the EA will close all positions. |
| ExitOnFriday | Ensures that all positions are closed before the weekend to avoid weekend risks. |
| FridayExitTime | Specifies the time on Friday when all positions will be closed. |
| LimitTimeRange | Enables or disables the time range limit for trading. |
| SignalTimeRangeFrom | Specifies the start time for the signal time range. |
| SignalTimeRangeTo | Specifies the end time for the signal time range. |
| MaxTradesPerDay | Sets the maximum number of trades that can be executed per day. |
Note: This EA is designed for educational purposes and should be used with caution. It's recommended to test the EA in a demo environment and adjust settings according to individual risk tolerance and trading preferences.
