Bantam Gold EA is a breakout-based Expert Advisor designed specifically for trading XAUUSD (Gold), with optional support for USDJPY. It operates on the M1 timeframe and exploits gold’s natural volatility by capturing powerful breakout moves from structured morning price ranges.

The EA forms a price box during a specific morning time window and only trades if the box meets internal qualification rules. Once confirmed, it places Buy Stop and Sell Stop orders above and below the range, allowing the market to choose direction. Trades are managed using an intelligent trailing stop system and are closed later in the day to give profitable positions room to run while avoiding overnight exposure.

Strategy Overview

• Symbols: XAUUSD (recommended), USDJPY
• Timeframe: M1
• Entry Method: Time-based breakout using pending Buy/Sell Stop orders
• Exit Logic: Trailing stop + scheduled time-based close
• Trading Style: No grid, no martingale, no recovery systems

RECOMMENDATIONS

• Always test on demo or small accounts before full deployment.
• Use a VPS for low-latency execution.
• Raw spread or zero spread accounts are highly recommended.
• Recommended Timeframe: M1.
• Recommended Pair: XAUUSD.
• Recommended minimum deposit: $500.
• Recommended Broker: click here.

FEATURES

• Fully automated breakout trading system.
• Time-based market entries and exits.
• Advanced trailing stop profit protection.
• One-direction trade execution per breakout.
• Compatible with hedge and netting accounts.
• No grid, no martingale, no averaging systems.

INPUT SETTINGS (Defaults Recommended)

• lot_size: Fixed trade volume per position.
• sl_percent: Stop loss calculated as a percentage of entry price.
• stop_order_distance: Distance between box boundary and pending orders.
• start / end: Morning time window for box formation and order placement.
• start_hour / End_hour: Evening time window for closing all trades.
• trailing_start: Profit level where trailing stop activates.
• trailing_step: Price movement required before trailing adjusts.
• trailing_stop: Distance between price and trailing stop.
• Max_pending_orders: Maximum allowed pending orders.
• slippage: Maximum slippage tolerance.
• MAX_SPREAD_POINTS: Maximum allowed spread before trading.
• MagicStart: Unique identifier for EA trades.

Note: Default settings are optimized. Settings are based on GMT +0 timezone.

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