Onyx MT5 EA is an automated XAUUSD Gold breakout Expert Advisor for stable profit potential, using daily high/low levels, SL, TP, and Trailing Stop.
Original price was: $299.00.$89.00Current price is: $89.00.
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Onyx MT5 EA is a fully automated MetaTrader 5 Expert Advisor designed specifically for XAUUSD (Gold). The EA uses a simple but structured daily breakout strategy, automatically identifying the previous day’s high and low and placing pending orders around these key market levels.
When price breaks above the previous day’s high, the EA can trigger a Buy Stop order. When price breaks below the previous day’s low, it can activate a Sell Stop order.
Each position is managed automatically with Stop Loss (SL), Take Profit (TP), and customizable Trailing Stop settings. This allows traders to automate both trade entry and position management without constantly monitoring the Gold market.
Onyx MT5 can be attached to any timeframe chart, while its core trading logic is based on daily market levels.
Onyx MT5 automatically calculates the previous day’s high and low and uses these levels to identify potential breakout opportunities.
This approach allows the EA to focus on clearly defined market structure rather than relying on complex indicator combinations.
The EA uses pending orders to prepare for both bullish and bearish breakouts:
This enables the system to react automatically when Gold moves beyond an important daily price level.
Every trade can be managed with a predefined Stop Loss, helping limit potential losses when a breakout fails or the market moves unexpectedly.
Onyx MT5 includes configurable Take Profit settings to automatically close trades when the predefined profit objective is reached.
The built-in Trailing Stop dynamically follows favorable price movement by adjusting the stop-loss level.
This can help protect accumulated profits while allowing winning trades additional room to develop.
The Expert Advisor consists of four different trading blocks, each using its own Stop Loss, Take Profit, and Trailing Stop configuration.
This provides greater flexibility when configuring the overall trading system.
Onyx MT5 can be installed on any timeframe chart. The EA’s primary trading logic remains focused on the previous day’s Gold price levels.
For historical testing, users need to enter the appropriate GMT difference parameter.
When running the EA on a demo or live account, the GMT difference is determined automatically.
The trading process can be summarized in several steps:
Onyx MT5 automatically determines the previous day’s high and low for XAUUSD.
The EA prepares:
These orders are designed to participate when Gold breaks through the established daily range.
If Gold breaks above the previous day’s high, the Buy Stop may be triggered.
If Gold breaks below the previous day’s low, the Sell Stop may be triggered.
Once a trade becomes active, Onyx MT5 manages it automatically using the configured:
When the trade moves favorably, the Trailing Stop can follow the market and adjust the protective stop according to the selected configuration.
This allows the EA to handle the entire trade lifecycle automatically.
Onyx MT5 may be suitable for traders looking for a simple automated Gold breakout EA rather than a system based on numerous technical indicators.
Focused on XAUUSD
The EA is specifically designed for Gold trading, one of the most actively traded and volatile instruments in the financial markets.
Simple Trading Concept
Instead of relying on complicated indicator combinations, Onyx MT5 focuses on the previous day’s high and low as important breakout reference points.
Fully Automated Execution
The EA automatically handles pending orders and trade management, reducing the need for manual monitoring.
Defined Trade Protection
Stop Loss, Take Profit, and Trailing Stop features provide structured tools for managing open positions.
Four Trading Blocks
Different SL, TP, and Trailing Stop configurations provide additional flexibility when configuring the EA.
Easy to Install
The EA can be attached to any timeframe chart and is designed for automated operation on MetaTrader 5.
🔺XAUUSD pair – 19 consecutive weeks
Onyx MT5 Signal Results
🔺XAUUSD (Gold) – M15 – 7 Months
Onyx MT5 backtets
🔺XAUUSD (Gold) – M15 – 7 Months
Onyx MT5 EA backtets
Onyx MT5 uses a straightforward breakout framework combined with automated trade management.
The primary risk-control components include:
The use of Stop Loss helps establish a defined risk point for individual trades, while the Trailing Stop can dynamically protect positions as Gold moves in the expected direction.
However, risk management settings should always be adapted to the trader’s account size, leverage, broker conditions, and risk tolerance.
Gold can experience significant volatility, particularly around major economic announcements. A breakout system may therefore experience false breakouts, slippage, or rapid price reversals.
Despite its simple structure, Onyx MT5 is not a risk-free trading system.
Daily highs and lows can be broken temporarily before price reverses. This may result in losing trades when the market produces a false breakout.
XAUUSD can move rapidly during major economic events, central-bank announcements, inflation data, and other high-impact news.
Fast Gold movements can cause execution prices to differ from the expected price, particularly when market liquidity decreases.
Trading results can vary depending on:
For this reason, a low-spread broker is recommended.
Historical backtests cannot perfectly reproduce future market conditions. Differences in historical data quality, spreads, execution, and market behavior can affect results.
Past performance does not guarantee future returns. No Expert Advisor can eliminate market risk or guarantee consistent profits.
Always test Onyx MT5 on a demo account before committing real capital.
| Pros | Cons |
|---|---|
| Automated XAUUSD breakout trading | False breakouts can occur |
| Uses previous-day high and low levels | Gold can experience extreme volatility |
| Buy Stop and Sell Stop pending orders | Slippage may affect execution |
| Built-in Stop Loss | Requires suitable broker conditions |
| Configurable Take Profit | Historical results do not guarantee future performance |
| Customizable Trailing Stop | Requires careful risk management |
| Four trading blocks | Not suitable for traders seeking guaranteed returns |
| Works on any chart timeframe | Major news can create unpredictable movements |
| Automatic GMT detection on demo/live |
For optimal operation, traders should consider the following configuration:
For historical testing, make sure the GMT difference parameter is configured correctly. On demo and live accounts, the EA determines the GMT difference automatically.
🔺Onyx MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:
Reviews
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In summary, Onyx MT5 EA is a straightforward XAUUSD daily breakout Expert Advisor that uses the previous day’s high and low to identify potential trading opportunities. Its automated Buy Stop and Sell Stop entries, predefined Stop Loss, Take Profit, customizable Trailing Stop, and four trading blocks provide a structured approach to Gold trading. While the reported backtest results show strong historical performance, traders should remain aware of false breakouts, Gold volatility, slippage, and broker execution conditions.
Overall, Onyx MT5 may suit traders seeking a simple, fully automated Gold breakout system, provided it is used with conservative risk settings and properly tested before live deployment.
>> Reviewed by Jason Stap <<<
1. What is Onyx MT5 EA?
Onyx MT5 EA is a fully automated XAUUSD Gold breakout Expert Advisor for MetaTrader 5. It analyzes the previous day's high and low and uses these key market levels to identify potential bullish and bearish breakout opportunities.
2. How does Onyx MT5 EA trade Gold?
The EA uses a daily breakout strategy based on the previous trading day's range. It can place a Buy Stop above the previous day's high and a Sell Stop below the previous day's low. When Gold breaks through one of these levels, the corresponding pending order can be triggered automatically.
3. Does Onyx MT5 EA use Stop Loss and Take Profit?
Yes. Onyx MT5 includes configurable Stop Loss, Take Profit, and Trailing Stop settings. Once a trade is activated, these automated trade-management tools help define risk and manage potential profits without requiring constant manual intervention.
4. Can Onyx MT5 EA be used on any timeframe?
Yes. Onyx MT5 can be attached to any chart timeframe, while its core trading logic remains based on the previous day's XAUUSD high and low. For historical backtesting, users need to configure the appropriate GMT difference, while GMT handling is automatic on demo and live accounts.
5. What are the four trading blocks in Onyx MT5?
Onyx MT5 includes four trading blocks, with each block offering its own Stop Loss, Take Profit, and Trailing Stop configuration. This gives traders additional flexibility when creating their preferred Gold breakout setup.
6. What are the reported performance results for Onyx MT5 EA?
The supplied live XAUUSD results cover 19 consecutive weeks, starting with $1,000 and reporting 479% growth, a 96.2% win rate, and 36.6% maximum drawdown. The supplied seven-month M15 backtests reported $7,779.60 net profit with 5.89% maximum drawdown on a $1,000 account and $7,333.40 net profit with 6.87% maximum drawdown on a $500 account. These are historical results and do not guarantee future profitability.
7. What type of broker is recommended for Onyx MT5 EA?
A low-spread broker is recommended because Gold breakout trading can be affected by spread, slippage, liquidity, and execution speed. A reliable VPS is also recommended for stable automated operation, particularly when the EA needs to remain active continuously.
8. Is Onyx MT5 EA suitable for beginners?
Onyx MT5 has a relatively simple trading concept based on previous-day high and low breakouts, making the strategy easy to understand. However, XAUUSD is highly volatile, and false breakouts and slippage can lead to losses. Beginners should start with demo testing and conservative risk settings before deploying the EA with significant real capital.
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