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

Download the EA file (.ex5)
Open MT5 and go to File → Open Data Folder
Navigate to MQL5 → Experts folder
Paste the EA file into the Experts folder
Restart the MT5 platform
Open a chart of your preferred trading pair
Drag the EA onto the chart
Enable AutoTrading
Adjust input settings such as lot size and risk level
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.