Day and Trail MT5 (Official version) | Unbounded

Product Overview

Day and Trail MT5 is an automated breakout Expert Advisor for MetaTrader 5, designed to trade breakouts of the previous day’s high or low. The strategy focuses on daily market volatility and aims to capture extended price movements that can occur when a previous-day extremum is broken.

Unlike traditional breakout EAs that use a fixed Take Profit, Day and Trail EA MT5 uses an open-ended profit target. Once a breakout trade moves in the expected direction, the EA applies a trailing stop to follow the price movement and attempt to capture a substantial portion of the trend before a reversal occurs.

The system also includes an optional deposit recovery mechanism. If a trade closes at a loss before the trailing stop has moved into profitable territory, the EA can automatically increase the lot size for a subsequent trade in an attempt to recover the previous loss.

The EA makes one trade per day according to the provided strategy description and can be configured with trading hours, initial Stop Loss, trailing parameters, end-of-day closing rules, money management, and recovery settings.

The default parameters are optimized for GBPJPY, while the EA can also be optimized for other trading instruments.

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About the Developer

• Author: Vadim Zotov.
• Experience: Over +1 years of experience on MQL5.
• Notable Products: Day and Trail MT5, Day Breakout MT5, Gap Professional MT5, Lock Balancer MT5, Total Lock MT4 and other advisors.
• Flagship Product: Day and Trail MT5 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 <<

Key Features of Day and Trail MT5

• Previous Day Breakout Strategy – Trades breakouts of the previous day’s high or low.
• Daily Volatility Trading – Designed to capture larger price movements following volatility expansion.
• Open-Ended Profit Target – Uses trailing stop management instead of a conventional fixed Take Profit.
• Dynamic Trailing Stop – Follows favorable price movement and attempts to remain in the trade during extended moves.
• Initial Stop Loss – Provides predefined protection when entering a position.
• Optional Deposit Recovery – Can increase the lot size after a losing trade to attempt to compensate for the loss.
• Configurable Recovery Multiplier – Recovery lot multiplier can be adjusted from 1.1 to 4.
• Maximum Recovery Attempts – Allows users to limit the number of recovery attempts.
• Automatic Money Management – Lot size can be calculated based on available free margin.
• Fixed Lot Mode – Allows users to trade with a manually specified lot size.
• Flexible Trading Hours – Define when the EA is allowed to open trades.
• End-of-Day Closing – Choose how open positions are handled at the end of the trading day.
• One-Trade-Per-Day Approach – The supplied strategy description states that the robot makes one trade per day.
• Multi-Pair Trading – Can be deployed on several currency pairs simultaneously.
• Any Timeframe – According to the supplied specifications, the trading results do not depend on the chart timeframe.
• Easy Optimization – Parameters can be optimized for other trading instruments.
• Simple Parameter Structure – A relatively limited number of inputs makes the EA easy to configure.

How Does Day and Trail MT5 Work?

The trading logic of Day and Trail MT5 is built around the previous day’s market extremes and the possibility of increased volatility following a breakout.

🔺Identify the Previous Day’s Extremum

At the beginning of a new trading day, the EA monitors the previous day’s high and low.

These levels represent important reference points for the breakout strategy.

🔺Wait for a Breakout

The robot waits for price to break one of the previous day’s characteristic levels.

A configurable Clearance parameter can be used to define the required distance behind the relevant level.

🔺Open a Breakout Position

When the breakout conditions are satisfied, the EA automatically opens a position in the corresponding direction.

The strategy is designed around the observation that increased volatility can sometimes follow a break of the previous day’s extremum.

🔺Apply the Initial Stop Loss

Each position can begin with an Initial Stop Loss, providing predefined downside protection.

Unlike a conventional fixed-TP strategy, the system does not use a fixed maximum Take Profit for the main profit target.

🔺Trail the Price Movement

When the position moves favorably, the EA activates its Trailing Stop according to the configured parameters.

The Minimal Profit for Trailing Stop determines the minimum favorable movement required before trailing begins.

This allows the robot to continue following a profitable breakout instead of closing the position prematurely at a fixed target.

🔺Manage Reversals

If the market reverses after the trailing stop has moved sufficiently into profit, the position can close while retaining part of the accumulated movement.

If the market reverses before the trailing mechanism has moved the position into profit, the trade may close at a loss.

🔺Optional Deposit Recovery

When a losing trade occurs, the optional Deposit Recovery function can automatically increase the lot size for a subsequent trade.

The recovery system includes:

• Recovery enable/disable switch
• Lot multiplier from 1.1 to 4
• Maximum number of recovery attempts

According to the supplied description, losses are most often compensated on the next trading step, while several recovery steps may occasionally be required.

After the recovery sequence is completed, the robot returns to its normal trading mode.

Why Choose Day and Trail MT5?

Designed for Daily Breakout Trading

The EA focuses on clearly defined daily market levels rather than continuously opening multiple positions throughout the trading session.

Trailing-Based Profit Management

The absence of a fixed Take Profit allows profitable trades to remain open while the market continues moving in the breakout direction.

This is particularly relevant to strategies attempting to capture extended volatility-driven movements.

Configurable Recovery System

Users can decide whether to activate the deposit recovery function and can control the recovery multiplier and maximum number of attempts.

Flexible Position Sizing

The EA supports both Automatic Money Management and Fixed Lot trading, allowing position sizing to be adapted to different account-management approaches.

End-of-Day Control

Users can choose how positions should be handled at the end of the trading day:

• Do not close
• Always close
• Close if profitable
• Close if losing

Multi-Pair Capability

The robot can be used on several currency pairs simultaneously. When doing so, the supplied recommendation is to divide the Lot for 1000 units of free margin parameter according to the number of traded pairs.

Optimized Starting Configuration

The default parameters are optimized for GBPJPY, giving users a starting point for testing the strategy.

Day and Trail MT5 Backtest Results

🔺GBPJPY pair  – 1 year

• Initial Deposit: $100
• Total Net Profit: $1,498.75
• Maximum Drawdown: 11.46%

Day and Trail MT5 Backtests

Performance and Risk Management

Day and Trail MT5 provides several tools for controlling position size, trade duration, trailing behavior, and recovery exposure.

Automatic Money Management

When Automatic Money Management is selected, the lot size is calculated using:

Lot for 1000 units of free margin

This allows the trading volume to be related to the available account funds.

For example, when using several currency pairs simultaneously, the supplied recommendation is to reduce this parameter according to the number of pairs being traded.

Fixed Lot

Users who prefer manual position sizing can select Fixed Lot and specify a constant trading volume.

Initial Stop Loss

The Initial Stop Loss establishes the initial protective distance for each breakout position.

Trailing Stop

The Trailing Stop determines how far the stop remains behind the market as the trade moves favorably.

Minimal Profit for Trailing

The Minimal Profit for Trailing Stop parameter determines how much profit must be available before the trailing mechanism begins operating.

Deposit Recovery

The optional recovery system can be enabled through:

Use Deposit Recovery = Yes/No

Users can then define:

• Multiple Lot for Recovery Mode: 1.1–4
• Maximum Recovery Attempts: user-defined limit

Because recovery involves increasing position size after a loss, this feature can significantly increase risk and should be tested carefully.

End-of-Day Position Management

The EA allows users to select one of four closing methods:

The Forced Closing Hour can be configured between the available 20–23 hour range.

Weaknesses and Risk Warnings

Breakout Failure Risk

Breaking the previous day’s high or low does not guarantee continued movement. False breakouts can occur, potentially resulting in Stop Loss trades.

Recovery Increases Exposure

The deposit recovery feature is an important risk consideration. Increasing the lot after a loss can accelerate recovery if the following trade is successful, but it can also increase drawdown if subsequent trades are unsuccessful.

Users should carefully consider the Recovery Multiplier and Maximum Recovery Attempts before enabling this feature.

Extended Losing Sequences Are Possible

Although the supplied description states that losses are most often compensated on the next step, this should not be interpreted as a guarantee. Market conditions can produce multiple consecutive unsuccessful trades.

GBPJPY Default Settings

The default parameters are optimized for GBPJPY. They should not automatically be assumed to be optimal for other currency pairs.

Broker Conditions Matter

Spread, slippage, execution speed, server time, leverage, and liquidity can affect the actual results of a breakout strategy.

Multi-Pair Exposure

Trading several currency pairs at the same time can increase total market exposure. Position sizing should therefore be reduced appropriately when adding more instruments.

Minimum Deposit Is Not a Recommended Risk Level

The EA can reportedly operate from approximately $10, while approximately $300 is suggested for faster account acceleration. However, the technically possible minimum deposit should not be interpreted as a universally appropriate capital level.

Performance Claims Should Be Independently Tested

The supplied description reports that approximately 80% of trades are profitable. This figure should be treated as a developer-provided historical/strategy claim rather than a guaranteed future win rate. Actual results can differ depending on the broker, instrument, trading period, spread, slippage, and account configuration.

Past performance does not guarantee future results.

Pros and Cons

Pros

• Trades previous-day high/low breakouts.
• Designed to capture larger volatility-driven price movements.
• Uses trailing stop instead of a conventional fixed Take Profit.
• Can potentially remain in profitable trades while momentum continues.
• Includes an optional deposit recovery mechanism.
• Supports automatic money management.
• Supports fixed lot trading.
• Configurable Initial Stop Loss.
• Configurable trailing activation and distance.
• Flexible trading hours.
• Multiple end-of-day closing methods.
• Supports multiple currency pairs.
• Default settings optimized for GBPJPY.
• Can be optimized for other instruments.
• Simple input structure.

Cons

• Breakout trades can produce false signals.
• Recovery mode can substantially increase risk after losses.
• Consecutive losing trades may result in larger drawdowns when recovery is enabled.
• Default settings are designed for GBPJPY and may require optimization elsewhere.
• Multi-pair trading increases total exposure.
• Results can vary significantly with broker execution conditions.
• The reported 80% profitable-trade rate is not a guarantee of future performance.
• A low minimum deposit does not eliminate the risk of significant drawdown.

How to Install Day and Trail MT5

Step 1: Open MetaTrader 5

Launch your MetaTrader 5 trading platform.

Step 2: Open the Data Folder

Select:

File → Open Data Folder

Then navigate to:

MQL5 → Experts

Step 3: Copy the EA

Place the Day and Trail MT5 Expert Advisor file inside the Experts folder.

Step 4: Restart or Refresh MT5

Restart MetaTrader 5 or refresh the Navigator → Expert Advisors section.

Step 5: Select a Trading Instrument

Open the desired currency-pair chart.

For the supplied default configuration, GBPJPY is the recommended starting instrument.

Step 6: Attach the EA

Drag Day and Trail MT5 onto the chart and enable Algo Trading.

Step 7: Configure the Parameters

Review the following settings before activation:

• Magic Number
• Clearance
• Lot Selection
• Lot for 1000 Units of Free Margin
• Fixed Lot
• Use Deposit Recovery
• Recovery Lot Multiplier
• Maximum Recovery Attempts
• Trading Start Hour
• Trading End Hour
• Initial Stop Loss
• Trailing Stop
• Minimal Profit for Trailing Stop
• Close Positions at the End of the Day
• Forced Closing Hour

Step 8: Test Before Live Trading

Run a MetaTrader 5 Strategy Tester backtest and conduct forward testing on a demo account before using the EA with real funds.

If you intend to trade multiple currency pairs, test the combined portfolio rather than evaluating each pair independently. Adjust the money-management settings to keep total exposure within your acceptable risk level.

What’s Included in the Download Package?

• Setting (If Any).docx
•  Installation Guide.docx

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Final Thoughts

In summary, Day and Trail MT5 is an automated Forex Breakout Expert Advisor for MetaTrader 5, designed to trade breaks of the previous day’s high and low while using a trailing-stop approach to capture extended price movements. Instead of relying on a fixed Take Profit, the EA allows profitable positions to remain open while momentum continues, with the trailing mechanism managing the exit when the market reverses.

The system also provides flexible money management, Initial Stop Loss, trailing parameters, trading-hour controls, and end-of-day position management. However, the optional Deposit Recovery feature is an important risk consideration because increasing lot size after a losing trade can significantly increase exposure during consecutive losses.

The default configuration is optimized for GBPJPY, and other currency pairs may require separate optimization and forward testing. Multi-pair trading can also increase combined exposure, making appropriate position sizing particularly important.

Overall, Day and Trail MT5 provides a structured automated framework for daily breakout trading with trailing-based profit management. Traders should evaluate the EA with and without Deposit Recovery, carefully control recovery parameters, test the intended broker conditions, and conduct extended demo and forward testing before considering live deployment.