PrevDayHL EA V1.20 MT5

Introduction

PrevDayHL EA V1.20 MT5 is an automated trading system developed for the MetaTrader 5 platform. It is designed around a simple but widely used trading concept—the previous day’s high and low levels. By analyzing how price reacts around these levels, the EA automatically identifies potential trading opportunities and executes trades without manual intervention.

Key Features

• Trades based on previous day high (PDH) and previous day low (PDL) levels
• Supports breakout and reversal trading logic
• Fully automated trade execution on MT5
• Built-in stop loss and take profit system
• Adjustable lot size and risk management settings
• Compatible with most MT5 brokers
• Supports backtesting and strategy optimization

Recommended Settings

• Pair: Major forex pairs or gold
• Timeframe: M15 or H1
• Risk Level: Low to medium (1–3% per trade)
• Lot Size: Fixed or risk-based depending on account size
• Broker: Low spread and fast execution preferred
• VPS: Recommended for continuous operation

Backtest Result (Overview)

• Shows stable performance when market reacts strongly to PDH and PDL levels
• Breakout trades perform better during trending conditions
• Reversal trades perform better in ranging markets
• Drawdowns may occur during false breakouts or high volatility events

Advantages

• Based on a simple and widely used trading concept
• Saves time through automation
• Eliminates emotional trading decisions
• Easy to install and configure
• Flexible strategy using breakout and reversal setups

Disadvantages

• Performance depends on market conditions
• False breakouts can cause losses
• Results vary depending on broker spreads and execution speed
• Requires VPS for best performance
• Limited to strategies based on previous day levels

Installation & Setup Guide

1. Download the EA file (.ex5)

2. Open MT5 and go to File → Open Data Folder

3. Navigate to MQL5 → Experts folder

4. Paste the EA file into the Experts folder

5. Restart the MT5 platform

6. Open a chart of your preferred trading pair

7. Drag the EA onto the chart

8. Enable AutoTrading

9. Adjust input settings such as lot size and risk level

10. Allow automated trading in EA settings.

Support & Disclaimer

Support

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

WhatsApp: Click here

Telegram Group: Join our community

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.