# Kingfisher MT5

A gold (XAUUSD) level-break Expert Advisor with six protection layers and fixed stop and target levels.

Canonical: https://prismaticalgos.com/compendium/algo/10200-kingfisher-mt5
Record ID: 10200
Catalog rank: 1604 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Grid, Martingale & Averaging (C)
Source: https://www.mql5.com/en/market/product/197285
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Claim warnings: UNSIZED CLAIM: performance figures are published with no trade count, so the sample behind them cannot be judged.; RECOVERY SIZING: position size increases after losses (martingale/grid/averaging). Equity curves look smooth until the run that does not recover - judge it on worst-case exposure, not win rate.
Opacity warnings: UNDEFINED ENTRY TERM: the entry conditions are prose naming a concept with no numeric definition, so two readers would implement them differently. Advisory only -- this does not affect the score.

## Recorded profile

- symbols: XAUUSD
- timeframes: H4, H1, M15
- sessions: Any timeframe - it reads H4, H1 and M15 itself
- market_regime: trending

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- not explicitly stated

## Recorded short-entry rules

- not explicitly stated

## Recorded exit rules

- Once 1.00 USD ahead per 0.01 lot, a slow fill is closed if it gives back half of its best profit, or more than a share of the 15-minute range.
- A fast fill rides to the target.

## Recorded filters

- No order while the stop would be more than 20 percent of the hourly range
- No orders ten minutes either side of a tier-1 US release
- No orders while the spread is more than four times its normal and wider than 1.00 USD
- Resting orders are removed before the weekend
- A margin cap keeps the orders that can be open at once inside your free margin

## Risk controls

- Stop loss: 2.00 USD per 0.01 lot
- Take profit: 15.00 USD per 0.01 lot
- Position sizing: Risk level Low, Medium, High, Hot or Custom; the Journal states the lot at start-up