Summary: Gold High-Yield Hunter EA is a high-profit MQL4 expert advisor for XAUUSD. It uses breakout from 20-period high/low with martingale recovery and trailing stop. Suitable for M15 timeframe.




Gold High-Yield Hunter EA is designed specifically for gold (XAUUSD) to capture high-profit opportunities while maintaining low risk through smart position sizing. The EA uses a breakout strategy based on 20-period high/low channel with a confirmation filter. When a breakout occurs, it enters with a base lot. If the trade goes against the position, a controlled grid recovery system activates with increasing lot size but capped at maximum levels. A dynamic trailing stop locks in profits as price moves favorably. The EA includes daily profit target and drawdown protection to secure gains.

Recommended Timeframe: M15
Trading Logic:
  • Breakout Detection: Price closes above 20-period high → buy; below 20-period low → sell.

  • Confirmation: Second consecutive close beyond the level for fakeout reduction.

  • Grid Recovery: If position moves against by RecoveryStep points, open additional layer with lot multiplier (max 3 levels).

  • Risk Control: Max spread 40 points, daily profit target 10% (auto-stop trading), daily loss limit 5%, maximum grid levels 3.


    • ``mql4
    //+------------------------------------------------------------------+
    //| GoldHighYieldHunter.mq4 |
    //+------------------------------------------------------------------+
    #property copyright ""
    #property link ""
    #property version "1.00"
    #property strict

    //--- input parameters
    input double BaseLotSize = 0.01; // Base lot size for initial entry
    input double LotMultiplier = 1.5; // Multiplier for grid recovery levels (1.5x)
    input int BreakoutPeriod = 20; // Period for high/low breakout channel
    input int RecoveryStep = 200; // Points to trigger next grid level (200 points)
    input int TrailingStart = 300; // Points profit to start trailing stop
    input int TrailingStep = 100; // Trailing stop distance in points
    input int MaxGridLevels = 3; // Maximum grid recovery levels (1-5)
    input int StopLossPoints = 500; // Hard stop loss in points (500)
    input int TakeProfitPoints = 800; // Hard take profit in points (800)
    input int MagicNumber = 202414; // Unique EA identifier
    input int MaxSpread = 40; // Maximum allowed spread (in points)
    input double DailyProfitTarget = 10.0; // Daily profit target in percentage (stop trading)
    input double DailyLossLimit = 5.0; // Daily loss limit in percentage
    input bool UseCloseOnFriday = true; // Close all trades before Friday 20:00

    //--- global variables
    double dailyStartBalance = 0;
    datetime lastBarTime = 0;
    bool isFridayCloseExecuted = false;
    bool dailyTargetReached = false;
    int currentGridLevel = 0;

    //+------------------------------------------------------------------+
    //| Expert initialization function |
    //+------------------------------------------------------------------+
    int OnInit()
    {
    dailyStartBalance = AccountBalance();
    lastBarTime = 0;
    isFridayCloseExecuted = false;
    dailyTargetReached = false;
    currentGridLevel = 0;
    return(INIT_SUCCEEDED);
    }

    //+------------------------------------------------------------------+
    //| Expert deinitialization function |
    //+------------------------------------------------------------------+
    void OnDeinit(const int reason)
    {
    Comment("");
    }

    //+------------------------------------------------------------------+
    //| Expert tick function |
    //+------------------------------------------------------------------+
    void OnTick()
    {
    // Daily profit target reached
    double currentProfit = AccountProfit();
    double profitPercent = (currentProfit / dailyStartBalance) 100;
    if(profitPercent >= DailyProfitTarget && DailyProfitTarget > 0)
    {
    if(!dailyTargetReached)
    {
    dailyTargetReached = true;
    CloseAllOrders();
    Comment("Daily profit target reached. No new trades.");
    }
    return;
    }

    // Daily loss protection
    double currentEquity = AccountEquity();
    double lossPercent = (dailyStartBalance - currentEquity) / dailyStartBalance     100;
    if(lossPercent >= DailyLossLimit)
    {
    if(CountPositions() > 0) CloseAllOrders();
    Comment("Daily loss limit reached.");
    return;
    }

    // Friday close before weekend
    if(UseCloseOnFriday && !isFridayCloseExecuted)
    {
    datetime currentTime = TimeCurrent();
    if(TimeDayOfWeek(currentTime) == 5 && TimeHour(currentTime) >= 20)
    {
    CloseAllOrders();
    isFridayCloseExecuted = true;
    return;
    }
    if(TimeDayOfWeek(currentTime) != 5)
    isFridayCloseExecuted = false;
    }

    // Spread filter
    if(MarketInfo(Symbol(), MODE_SPREAD) > MaxSpread)
    {
    Comment("Spread too high: ", MarketInfo(Symbol(), MODE_SPREAD));
    return;
    }

    // Trailing stop management for existing positions
    if(CountPositions() > 0)
    {
    ManageTrailingStop();
    ManageGridRecovery();
    return;
    }

    // New bar logic (M15)
    if(Time[0] == lastBarTime)
    return;
    lastBarTime = Time[0];
    currentGridLevel = 0;

    // Reset daily balance at new day
    if(TimeDayOfYear(TimeCurrent()) != TimeDayOfYear(Time[0]))
    {
    dailyStartBalance = AccountBalance();
    dailyTargetReached = false;
    }

    // Calculate breakout levels
    double high20 = iHigh(Symbol(), PERIOD_M15, iHighest(Symbol(), PERIOD_M15, MODE_HIGH, BreakoutPeriod, 1));
    double low20 = iLow(Symbol(), PERIOD_M15, iLowest(Symbol(), PERIOD_M15, MODE_LOW, BreakoutPeriod, 1));
    double close1 = iClose(Symbol(), PERIOD_M15, 1);
    double close2 = iClose(Symbol(), PERIOD_M15, 2);

    int cmd = -1;
    double sl = 0, tp = 0;

    // Buy breakout: close above high20 with confirmation
    if(close1 > high20 && close2 > high20)
    {
    cmd = OP_BUY;
    sl = SymbolInfoDouble(Symbol(), SYMBOL_BID) - StopLossPoints Point;
    tp = SymbolInfoDouble(Symbol(), SYMBOL_BID) + TakeProfitPoints     Point;
    }
    // Sell breakout: close below low20 with confirmation
    else if(close1 < low20 && close2 < low20)
    {
    cmd = OP_SELL;
    sl = SymbolInfoDouble(Symbol(), SYMBOL_ASK) + StopLossPoints Point;
    tp = SymbolInfoDouble(Symbol(), SYMBOL_ASK) - TakeProfitPoints     Point;
    }

    if(cmd != -1)
    {
    int ticket = OrderSend(Symbol(), cmd, BaseLotSize, (cmd==OP_BUY?Ask:Bid), 3, sl, tp, "Gold Hunter", MagicNumber, 0, clrNONE);
    if(ticket > 0)
    {
    currentGridLevel = 1;
    Print("Initial entry opened. Level: ", currentGridLevel);
    }
    else
    Print("OrderSend failed: ", GetLastError());
    }
    }

    //+------------------------------------------------------------------+
    //| Manage trailing stop for all open positions |
    //+------------------------------------------------------------------+
    void ManageTrailingStop()
    {
    for(int i = OrdersTotal()-1; i >= 0; i--)
    {
    if(OrderSelect(i, SELECT_BY_POS, MODE_TRADES))
    {
    if(OrderSymbol() == Symbol() && OrderMagicNumber() == MagicNumber)
    {
    double profitPoints = 0;
    double newSL = 0;

    if(OrderType() == OP_BUY)
    {
    profitPoints = (Bid - OrderOpenPrice()) / Point;
    if(profitPoints >= TrailingStart)
    {
    newSL = Bid - TrailingStep Point;
    if(newSL > OrderStopLoss())
    OrderModify(OrderTicket(), OrderOpenPrice(), newSL, OrderTakeProfit(), 0, clrNONE);
    }
    }
    else if(OrderType() == OP_SELL)
    {
    profitPoints = (OrderOpenPrice() - Ask) / Point;
    if(profitPoints >= TrailingStart)
    {
    newSL = Ask + TrailingStep     Point;
    if(newSL < OrderStopLoss() || OrderStopLoss() == 0)
    OrderModify(OrderTicket(), OrderOpenPrice(), newSL, OrderTakeProfit(), 0, clrNONE);
    }
    }
    }
    }
    }
    }

    //+------------------------------------------------------------------+
    //| Manage grid recovery when price moves against position |
    //+------------------------------------------------------------------+
    void ManageGridRecovery()
    {
    if(currentGridLevel >= MaxGridLevels) return;

    double avgOpenPrice = 0;
    double totalLots = 0;
    int direction = 0;
    double worstPrice = 0;

    // Calculate average open price and direction
    for(int i = OrdersTotal()-1; i >= 0; i--)
    {
    if(OrderSelect(i, SELECT_BY_POS, MODE_TRADES))
    {
    if(OrderSymbol() == Symbol() && OrderMagicNumber() == MagicNumber)
    {
    avgOpenPrice += OrderOpenPrice() OrderLots();
    totalLots += OrderLots();
    if(direction == 0)
    direction = OrderType();
    if(OrderType() == OP_BUY)
    worstPrice = MathMin(worstPrice, OrderOpenPrice());
    else
    worstPrice = MathMax(worstPrice, OrderOpenPrice());
    }
    }
    }

    if(totalLots > 0)
    avgOpenPrice /= totalLots;
    else
    return;

    // Calculate adverse move in points
    double adversePoints = 0;
    if(direction == OP_BUY)
    adversePoints = (avgOpenPrice - Bid) / Point;
    else if(direction == OP_SELL)
    adversePoints = (Ask - avgOpenPrice) / Point;

    // Trigger new grid level
    if(adversePoints >= RecoveryStep     currentGridLevel && currentGridLevel < MaxGridLevels)
    {
    double newLotSize = BaseLotSize MathPow(LotMultiplier, currentGridLevel);
    newLotSize = MathMin(newLotSize, BaseLotSize     MathPow(LotMultiplier, MaxGridLevels-1));

    int cmd = direction; // Same direction as existing positions
    double sl = 0, tp = 0;

    if(cmd == OP_BUY)
    {
    sl = SymbolInfoDouble(Symbol(), SYMBOL_BID) - StopLossPoints Point;
    tp = SymbolInfoDouble(Symbol(), SYMBOL_BID) + TakeProfitPoints     Point;
    }
    else if(cmd == OP_SELL)
    {
    sl = SymbolInfoDouble(Symbol(), SYMBOL_ASK) + StopLossPoints Point;
    tp = SymbolInfoDouble(Symbol(), SYMBOL_ASK) - TakeProfitPoints     Point;
    }

    int ticket = OrderSend(Symbol(), cmd, newLotSize, (cmd==OP_BUY?Ask:Bid), 3, sl, tp, "Gold Hunter", MagicNumber, 0, clrNONE);
    if(ticket > 0)
    {
    currentGridLevel++;
    Print("Grid level ", currentGridLevel, " opened. Lot: ", newLotSize);
    }
    }
    }

    //+------------------------------------------------------------------+
    //| Count open positions with this MagicNumber |
    //+------------------------------------------------------------------+
    int CountPositions()
    {
    int count = 0;
    for(int i = OrdersTotal()-1; i >= 0; i--)
    {
    if(OrderSelect(i, SELECT_BY_POS, MODE_TRADES))
    {
    if(OrderSymbol() == Symbol() && OrderMagicNumber() == MagicNumber)
    count++;
    }
    }
    return count;
    }

    //+------------------------------------------------------------------+
    //| Close all orders for this symbol and magic |
    //+------------------------------------------------------------------+
    void CloseAllOrders()
    {
    for(int i = OrdersTotal()-1; i >= 0; i--)
    {
    if(OrderSelect(i, SELECT_BY_POS, MODE_TRADES))
    {
    if(OrderSymbol() == Symbol() && OrderMagicNumber() == MagicNumber)
    {
    if(OrderType() == OP_BUY)
    OrderClose(OrderTicket(), OrderLots(), Bid, 3, clrNONE);
    else if(OrderType() == OP_SELL)
    OrderClose(OrderTicket(), OrderLots(), Ask, 3, clrNONE);
    }
    }
    }
    currentGridLevel = 0;
    }
    //+------------------------------------------------------------------+
    ``
    Reference: Original MQL4 code for educational purposes.
    Disclaimer: Gold trading involves high risk. This EA uses grid recovery which can amplify losses. Provided as-is without profit guarantee. Test extensively on demo before live trading. Past performance does not guarantee future results.