LondonBreakout EA V1.0 MT5

Introduction

LondonBreakout EA V1.0 MT5 is an automated trading system designed for MetaTrader 5 that focuses on capturing price breakouts during the London trading session. It identifies consolidation ranges formed during low-volatility periods and executes trades when strong breakout movements occur.

Key Features

• London session breakout strategy
• Automatic range detection (Asian session)
• Breakout-based trade execution
• Fully automated trading system
• Built-in stop loss and take profit
• Time-based trading logic
• Customizable lot size and risk settings
• Optimized for high-volatility conditions

Recommended Settings

• Timeframe: M15
• Pairs: EURUSD, GBPUSD, USDJPY
• Lot Size: 0.01 per $1000 balance
• Risk Level: 1%–2% per trade
• Broker Type: ECN or low-spread broker
• VPS: Recommended
• Trading Time: London session (adjust to broker time)

Backtest Result

• Strong performance during volatile market conditions
• Best results during London session breakouts
• Occasional losses due to false breakouts
• Controlled drawdown with proper settings
• Trade frequency limited to session-based opportunities
• Results depend on spread and execution speed

Advantages

• Focused breakout strategy
• Trades during high-liquidity session
• Fully automated execution
• Simple and easy-to-understand logic
• Time-based trade filtering
• Customizable settings
• Suitable for intraday trading

Disadvantages

• Vulnerable to false breakouts
• Limited trading opportunities per day
• Depends on correct session timing
• Requires low-spread broker
• Less effective in low volatility
• No guaranteed profits

Installation & Setup Guide

1. Download EA file (.ex5)
2. Open MT5 → File → Open Data Folder
3. Paste file into MQL5 → Experts folder
4. Restart MT5 platform
5. Attach EA to chart (major pairs recommended)
6. Enable AutoTrading
7. Set lot size and risk parameters
8. Configure London session timing
9. Allow DLL imports if required
10. Use VPS for stable performance
11. Test on demo account before live trading.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

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Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.