Obsidian Pivot Engine OG

🌐 Obsidian Pivot Engine MT5 Expert Advisor 👑

👉 More about this EA: https://www.mql5.com/ru/market/product/193477

⭐️ A multi-symbol, multi-timeframe expert advisor for MetaTrader 5 that analyzes price structure and trades breakouts on XAUUSD, BTCUSD, and NASDAQ. It places pending orders when the breakout strategy conditions are met.

➡️ Recommended setup for first-time use:

• Symbol: XAUUSD
• Timeframe: M15
• Parameters: default
• Trading environment: demo account to start
• VPS: required for uninterrupted automated trading

The EA's primary configuration is focused on XAUUSD M15. BTCUSD and NASDAQ are supported as additional markets but are treated as secondary during initial testing. The EA performs internal multi-timeframe analysis; the recommended chart setup is XAUUSD M15.

Important: do not optimize parameters right away — the developer recommends testing with default settings first, so results can be compared across different brokers and accounts.

💎 Strategy:

Obsidian Pivot Engine analyzes recent price structure across multiple timeframes and places pending orders when strategy conditions point to a potential level breakout. The exact logic for level detection, signal filtering, and entry management is part of the EA's internal design.

Each supported instrument has its own independent parameters:
✅ Spread control
✅ Slippage
✅ Entry distance
✅ Position protection
✅ Risk management
✅ Position and pending order limits

🛡 Risk Management:

Every position opened by the EA is protected by a stop loss. A fallback protection mechanism is in place for situations where the requested stop loss cannot be set immediately due to instrument or broker trading conditions.

Take profit is not used by default.

Position sizing can be:

• Calculated automatically based on the selected risk level, or
• Set manually as a fixed lot size.

Automatic lot calculation can use either the account balance or equity, depending on the selected configuration.

A per-symbol aggregate risk limit is also implemented: once the configured exposure limit is reached, the EA can prevent new positions from opening until exposure drops back below the set threshold.

❌ What the EA does NOT use:

• Martingale
• Averaging down
• Automatic lot size increase after losses
• Grid trading

This does not make the EA low-risk or guarantee profitability. Trading with leverage can lead to significant losses.

✅ Key Features:
✅ Primary configuration on XAUUSD
✅ BTCUSD support
✅ NASDAQ support
✅ Multi-symbol operation
✅ Multi-timeframe analysis
✅ Breakout-based pending order engine
✅ Initial stop loss
✅ Trailing stop
✅ Fallback position protection mechanism
✅ Duplicate order filter
✅ Configurable position limits
✅ Configurable pending order limits
✅ Aggregate risk control
✅ Friday pending order expiry
✅ Optional holiday protection
✅ Execution price normalization
✅ On-screen dashboard
✅ MetaTrader 5 Strategy Tester compatible