Obsidian Gold Breakout Mt4 (Official version) | Unbounded

Product Overview

Obsidian Gold Breakout Mt4  is a fully automated Gold Trading Expert Advisor developed for the MetaTrader 4 (MT4) platform. Designed specifically for XAUUSD on the H1 timeframe, this EA uses a pending-order breakout strategy to identify potential trading opportunities around key price levels.

The system automatically places pending breakout orders according to its trading logic and manages each position using a protective Stop Loss, adaptive break-even functionality, and a trailing profit-lock mechanism.

Obsidian Gold Breakout MT4 combines automated trade execution with flexible money management, spread filtering, and pre-trade safety checks. Its multiple lot modes allow traders to select a position-sizing approach that matches their preferred risk level, while the integrated on-chart dashboard provides detailed account information and trading performance statistics.

Unlike trading systems that rely on martingale, grid trading, or averaging strategies, Obsidian Gold Breakout MT4 is designed to operate without these techniques. Every trade is protected by a Stop Loss according to the EA’s trading rules.

With its focus on structured breakout trading, configurable risk settings, and comprehensive performance monitoring, Obsidian Gold Breakout MT4 is designed for traders seeking an automated approach to Gold trading on MetaTrader 4.

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About the Developer

• Author: Mustafa Kader Kanan
  
• Experience: Over 1 years of experience on MQL5.
  
• Notable Products:  BTC Nova Mt4 and other advisors.
• Flagship Product:   is rated as the best performing product of the year.

>>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

Reviewed by Jason Stap <<<

Obsidian Gold Breakout Mt4 Overview

Key Features of Obsidian Gold Breakout Mt4

Automated Gold Breakout Trading

Obsidian Gold Breakout MT4 is designed specifically for XAUUSD trading on the H1 chart.

The EA automatically places pending breakout orders at key price levels according to its programmed trading rules. This allows it to prepare for potential price movements without requiring constant manual order placement.

Stop Loss on Every Trade

Every trade is designed to include a Stop Loss to define its initial risk parameters.

The EA does not use martingale, grid trading, or averaging strategies. This provides a more structured approach to trade management without relying on progressively increasing exposure to recover previous losses.

Adaptive Break-Even System

The adaptive break-even mechanism is designed to adjust trade protection when the position reaches the conditions defined by the EA.

Its purpose is to help reduce the risk of an open trade by moving the Stop Loss toward the entry price when the applicable rules are satisfied.

Moving a Stop Loss to break-even does not guarantee an exit at exactly the entry price because spreads, commissions, and slippage may affect execution.

Trailing Profit-Lock System

The trailing system adjusts the protective stop as a trade develops favorably.

This functionality is designed to help protect accumulated gains while allowing a profitable position to remain open when market conditions permit.

Four Flexible Lot Modes

Obsidian Gold Breakout MT4 offers four position-sizing modes to accommodate different trading preferences.

• Manual Fixed Lot: Uses the lot size specified by the trader.
• Very Low Risk: Uses the default risk setting of 0.5% per trade.
• Medium Risk: Uses the default risk setting of 1.5% per trade.
• Above-Medium Risk: Uses the default risk setting of 3.0% per trade.

The actual monetary risk depends on the Stop Loss distance, account balance, broker contract specifications, and execution conditions.

Automatic Lot Sizing

In risk-based modes, the EA calculates position size according to the configured percentage of account balance per trade.

This helps align trading volume with the selected risk setting instead of relying entirely on a manually specified lot size.

Risk-based lot sizing does not eliminate the possibility of losses exceeding the intended amount under adverse execution conditions.

Automatic Spread Filter

The EA supports an automatic spread-filter mode.

When Max Spread is set to 0, the system uses its automatic mode, calculating the spread threshold from the Stop Loss according to its internal rules.

Traders can also specify a manual maximum spread in points when their broker’s Gold spread requires a different threshold.

Pre-Trade Safety Checks

Before placing an order, the EA checks relevant trading conditions, including:

• Current spread
• Available margin
• Broker stop-level requirements
• Market-session conditions

These checks are designed to help avoid order placement when the applicable requirements are not satisfied.

Professional On-Chart Dashboard

The integrated dashboard provides a detailed overview of account conditions and trading performance.

Depending on the displayed panel, information includes:

• Account balance and equity
• Floating profit and loss
• Daily profit and loss
• Win rate
• Profit factor
• Drawdown
• Sharpe ratio
• Equity curve
• Daily and monthly results
• Recent trades

This information helps traders monitor the EA’s activity without relying exclusively on external reporting tools.

Three Premium Chart Themes

Obsidian Gold Breakout MT4 includes three visual themes:

• Obsidian: A dark, refined interface.
• Midnight: A modern dark chart appearance.
• Gold Luxe: A premium gold-inspired visual style.

Additional chart customization options include chart style, gradient background, grid visibility, account panel, statistics panel, and panel position.

How It Works

Obsidian Gold Breakout MT4 follows an automated process designed to identify and manage potential Gold breakout opportunities.

Step 1: Monitor the XAUUSD H1 Chart

The EA operates on the recommended one-hour timeframe and evaluates market conditions according to its programmed trading logic.

The H1 timeframe provides a broader view of price movement than lower intraday timeframes, although it does not eliminate false breakouts or market risk.

Step 2: Identify Potential Breakout Levels

The EA identifies key price levels used by its pending-order breakout strategy.

When the relevant setup conditions are met, the system prepares the appropriate pending order.

The exact price-level calculation and entry criteria depend on the EA’s internal implementation.

Step 3: Place Pending Orders

The EA places pending breakout orders according to its trading rules.

This allows the system to prepare for potential price movements while waiting for the market to reach the relevant activation level.

Before placing an order, the EA checks applicable spread, margin, stop-level, and market-session conditions.

Step 4: Calculate the Trading Volume

The EA determines the order volume according to the selected lot mode.

In Manual mode, it uses the configured fixed lot size. In risk-based modes, the lot size is calculated using the selected risk percentage and the EA’s position-sizing logic.

Traders should verify the lot-size calculation against their broker’s contract specifications before trading live.

Step 5: Protect the Trade

Each trade is opened with a Stop Loss according to the EA’s rules.

As the position develops, the adaptive break-even and trailing profit-lock mechanisms can adjust the protective stop when their configured conditions are satisfied.

These mechanisms are intended to manage exposure and protect favorable price movements.

Step 6: Monitor Performance

The on-chart dashboard displays account metrics, trading statistics, equity changes, and recent trades.

Traders can use this information to evaluate the EA’s performance and review whether the selected risk configuration remains appropriate for their account.

Why Choose Obsidian Gold Breakout MT4?

Designed Specifically for Gold

Obsidian Gold Breakout MT4 focuses on XAUUSD, one of the most actively traded precious-metal instruments.

Its dedicated H1 breakout approach provides a structured framework for traders who want to automate Gold trading rather than manage every order manually.

No Martingale or Grid Trading

The EA does not rely on martingale, grid trading, or averaging strategies.

This means its approach does not depend on progressively increasing trade exposure or accumulating additional positions through those techniques.

However, the absence of these strategies does not guarantee low drawdown or prevent consecutive losses.

Flexible Risk Management

Four lot modes provide flexibility for traders with different capital levels and risk preferences.

The risk-based modes offer default risk settings of 0.5%, 1.5%, and 3.0%, while Manual mode allows traders to specify a fixed lot size.

Selecting a suitable risk level is important when trading Gold, where price movements can be substantial.

Adaptive Trade Protection

The combination of Stop Loss, break-even functionality, and trailing profit-lock management is designed to help structure trade protection throughout a position’s lifecycle.

These tools may help manage exposure, but they cannot guarantee profits or prevent all losses.

Automatic Spread Management

The automatic spread-filter option reduces the need to manually determine a fixed spread threshold.

Traders can also use a manual setting when their broker’s XAUUSD trading conditions require a specific maximum spread.

Comprehensive Performance Dashboard

The EA’s dashboard combines account monitoring and trading statistics in one interface.

Metrics such as profit factor, drawdown, win rate, Sharpe ratio, and equity curve can help traders assess performance beyond headline net profit alone.

Customizable Trading Interface

Three visual themes and multiple chart-display options allow traders to customize the interface to their preferences.

This makes it easier to monitor account information and trading statistics within the MT4 chart.

Obsidian Gold Breakout Mt4 Backtest Results

🔺XAUUSD (Gold) pair – 9 months

• Initial Deposit: $1,000
• Total Net Profit: $11.651.878,41
• Win Rate: 86.51%
• Maximum Drawdown: 1.52%

Obsidian Gold Breakout Mt4 backtets

Risk Management & Alerts

Risk management is essential when trading Gold, particularly when using automated strategies that can execute orders without manual confirmation.

Obsidian Gold Breakout MT4 incorporates several features designed to help traders manage position sizing and monitor account performance.

Risk-Based Lot Sizing

The EA offers three default risk-based configurations:

• Very Low Risk: 0.5% per trade
• Medium Risk: 1.5% per trade
• Above-Medium Risk: 3.0% per trade

These percentages represent the EA’s default risk settings, not guaranteed maximum loss limits.

Actual losses may differ because of slippage, gaps, spread changes, and broker execution conditions.

The 3.0% setting carries materially greater exposure than the 0.5% setting and may lead to larger equity fluctuations.

Stop Loss Protection

Every trade is designed to include a Stop Loss.

This establishes an initial protective exit level, helping define the intended risk before the trade is managed further.

A Stop Loss cannot guarantee execution at the exact specified price during fast markets or adverse liquidity conditions.

Adaptive Break-Even

The break-even system is designed to move trade protection toward the entry price after the EA’s required conditions are met.

This can help reduce exposure on trades that move favorably, but transaction costs may still result in a net loss even when a position closes near its entry price.

Trailing Profit Lock

The trailing system adjusts protective stops according to the EA’s internal rules.

Its purpose is to help retain part of a favorable price movement, although a trailing stop does not guarantee that all open profits will be realized.

Spread and Margin Checks

The EA checks spread and available margin before placing orders.

These checks can help prevent trading under certain unfavorable conditions, but they cannot eliminate execution risk or guarantee that sufficient margin will remain available throughout a trade.

Market-Session Checks

The EA includes market-session checks as part of its order-placement process.

Traders should confirm that their broker’s Gold trading hours and trading conditions are compatible with the EA’s operation.

Account Monitoring

The dashboard displays account equity, floating P/L, daily results, drawdown, and other trading statistics.

These metrics help traders monitor the account and review whether the EA’s performance remains within their own risk limits.

Alert note: The supplied feature list confirms an on-chart dashboard and account statistics, but does not specify push notifications, email alerts, or sound alerts. These notification types should not be advertised unless confirmed in the installed EA version.

Pros and Cons

Pros

• Fully automated XAUUSD trading on MetaTrader 4.
• Designed for the H1 Gold timeframe.
• Uses pending breakout orders.
• Stop Loss protection on every trade.
• No martingale, grid, or averaging strategy.
• Adaptive break-even and trailing profit-lock system.
• Four lot-sizing modes for different risk preferences.
• Automatic risk-based position sizing.
• Automatic or manual spread filtering.
• Pre-trade margin, stop-level, and market-session checks.
• Detailed dashboard with account and trading statistics.
• Displays win rate, profit factor, drawdown, Sharpe ratio, and equity curve.
• Three customizable chart themes.
• Suitable for traders who prefer systematic automated execution.

Cons

• Primarily designed for XAUUSD on the H1 timeframe.
• Gold can experience sudden and substantial price movements.
• Breakout strategies may encounter false breakouts.
• Results can vary with spreads, commissions, slippage, and broker conditions.
• Risk-based lot sizing cannot guarantee a fixed maximum loss.
• The 3.0% default risk mode may create substantial equity fluctuations.
• The dashboard’s historical statistics do not guarantee future performance.
• Continuous automated operation may require a VPS.
• Proper configuration and ongoing monitoring remain important.

How to Install Obsidian Gold Breakout MT4

Follow these steps to install and configure Obsidian Gold Breakout MT4 on MetaTrader 4.

Step 1: Download the EA

Download the Obsidian Gold Breakout MT4 file from the developer.

The EA is typically provided as an .ex4 or .mq4 file.

Step 2: Open the MT4 Data Folder

1. Launch MetaTrader 4.
2. Click File in the top menu.
3. Select Open Data Folder.
4. Open the MQL4 directory.
5. Open the Experts folder.

Step 3: Install the EA

Copy the EA file into:

MQL4/Experts/

If the developer supplies additional indicators or libraries, install them in the appropriate directories according to the accompanying instructions.

Step 4: Refresh the Expert Advisors List

Return to MT4.

In the Navigator panel:

1. Right-click Expert Advisors.
2. Select Refresh.

You can also restart MetaTrader 4 to reload the EA.

Step 5: Open the XAUUSD H1 Chart

1. Open the Market Watch window.
2. Find your broker’s Gold symbol, such as XAUUSD.
3. Open the chart.
4. Set the timeframe to H1.

Confirm that the selected symbol matches the instrument supported by the EA.

Step 6: Attach the EA to the Chart

Drag Obsidian Gold Breakout MT4 from the Navigator panel onto the XAUUSD H1 chart.

Review the available settings and select your preferred configuration.

Recommended starting configuration:

• Symbol: XAUUSD
• Timeframe: H1
• Lot Mode: Very Low Risk for a conservative starting point
• Risk Percentage: 0.5% default in Very Low Risk mode
• Max Spread: 0 for automatic mode
• Theme: Obsidian, Midnight, or Gold Luxe
• Magic Number: Use a unique value if running multiple EAs

The 0.5% setting is the lowest of the three supplied default risk modes, but it does not make trading risk-free.

Step 7: Enable Automated Trading

Enable the AutoTrading button in MT4.

Make sure the EA is permitted to trade and check its on-chart status for any configuration or execution errors.

Step 8: Test Before Live Trading

Before using a live account:

• Run a backtest using suitable historical XAUUSD data.
• Verify the broker’s Gold contract specifications.
• Review spread and commission conditions.
• Test the EA on a demo account.
• Check the behavior of break-even and trailing stops.
• Confirm that the lot-size calculation matches your risk preferences.
• Monitor the EA under different market conditions.

A VPS is recommended for traders who require continuous automated operation.

What’s Included in the Download Package?

• Experts: Obsidian Gold Breakout Mt4 .ex4

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Final Thoughts

Obsidian Gold Breakout MT4 is an automated Gold trading Expert Advisor designed for traders who want to implement a structured XAUUSD breakout strategy on MetaTrader 4.

Its combination of pending breakout orders, Stop Loss protection, adaptive break-even, trailing profit lock, and flexible money management provides a systematic approach to automated trade execution.

The EA also includes automatic spread filtering, pre-trade safety checks, and a detailed performance dashboard that displays important account and trading statistics.

With four lot modes and three customizable chart themes, Obsidian Gold Breakout MT4 offers flexibility in both risk configuration and interface presentation.

The supplied backtest figures indicate promising historical results under the reported testing conditions. However, historical performance should never be treated as a guarantee of future profitability or low drawdown.

Traders should begin with a demo account, verify the broker’s trading conditions, and choose a risk setting that matches their financial circumstances and risk tolerance.

Obsidian Gold Breakout MT4 – Automated Gold Breakout Trading with Adaptive Protection and Professional Performance Monitoring..