Obsidian Pivot Engine is an automated trading Expert Advisor for MetaTrader 5 built around breakout trading, price levels and multi-timeframe market analysis.
The EA is primarily configured for XAUUSD on the M15 timeframe, while BTCUSD and NASDAQ can also be enabled as additional markets. Each instrument can be managed independently with its own spread, slippage, entry-distance, position and risk settings.
What’s included:
Obsidian Pivot Engine_fix.ex5 — updated/unlimited version.
When its internal conditions are met, it can place pending orders and manage the resulting positions automatically. The exact level-detection and entry logic are part of the EA’s internal strategy and are not publicly disclosed.
Trade size can either be calculated automatically according to the selected risk level or set manually using fixed volume. Automatic sizing can reference account balance or equity depending on the configuration.
The EA also includes a configurable aggregate risk limit per symbol, which can prevent additional trades from opening when exposure reaches the selected threshold.
Important factors include:
Unlock this file for 10 Credits.
The EA is primarily configured for XAUUSD on the M15 timeframe, while BTCUSD and NASDAQ can also be enabled as additional markets. Each instrument can be managed independently with its own spread, slippage, entry-distance, position and risk settings.
What’s included:
Obsidian Pivot Engine_fix.ex5 — updated/unlimited version.
Main Features
- MetaTrader 5 Expert Advisor
- Primary configuration for XAUUSD M15
- Supports XAUUSD, BTCUSD and NASDAQ
- Multi-symbol operation
- Multi-timeframe analysis
- Level-based breakout strategy
- Pending-order entries
- Initial Stop Loss
- Trailing Stop
- Configurable risk management
- Automatic or fixed trade volume
- Position and pending-order limits
- Duplicate-order filtering
- Aggregate risk limit per symbol
- On-screen information dashboard
- MetaTrader 5 Strategy Tester compatibility
How Obsidian Pivot Engine Works
The EA analyses recent price structure across multiple timeframes and looks for potential breakout opportunities around selected market levels.When its internal conditions are met, it can place pending orders and manage the resulting positions automatically. The exact level-detection and entry logic are part of the EA’s internal strategy and are not publicly disclosed.
Recommended Starting Setup
The recommended initial configuration is:- Symbol: XAUUSD
- Timeframe: M15
- Inputs: Default settings
- Account: Demo account first
- VPS: Recommended for continuous operation
Risk Management
Every position opened by Obsidian Pivot Engine includes a Stop Loss.Trade size can either be calculated automatically according to the selected risk level or set manually using fixed volume. Automatic sizing can reference account balance or equity depending on the configuration.
The EA also includes a configurable aggregate risk limit per symbol, which can prevent additional trades from opening when exposure reaches the selected threshold.
No Martingale or Grid Trading
According to the product information, Obsidian Pivot Engine does not use:- Martingale
- Averaging losing positions
- Automatic lot increases after losses
- Grid trading
Broker & Execution Considerations
Because Obsidian Pivot Engine uses breakout-style entries, execution conditions can have a strong impact on performance.Important factors include:
- spread
- commission
- slippage
- latency
- liquidity
- execution speed
- minimum order distance
- broker-specific instrument conditions
Unlock this file for 10 Credits.
1 Credits = $1 USD. Login and purchase Credits to download.
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