Skip to article
ONYX
ENRU

ONYX / EVALUATION METHOD

A breakout is an entry condition. Not a complete trading plan.

A line crossing a recent high or low does not tell you whether an Expert Advisor fits your requirements. Examine the full path from a known level to the actual exit — including costs, broker rules and losses.

Examine the four stages

01 / TRADE PATH

Inspect decisions, not just the final balance.

This is an evaluation framework, not a real trade record or an ONYX test result.

  1. 01

    Level

    Where did the high or low come from?

    Record the reference timeframe, the closed bars used to establish the level and the moment the level became available. A later chart view can hide what was known when an order was placed.

  2. 02

    Order

    What was submitted to the broker?

    Check order type, proposed entry, distance from the level, volume, expiry and the initial stop and target. A pending order is not a filled trade.

  3. 03

    Fill

    Did execution match the setup?

    Inspect the actual fill or cancellation, spread, commission, slippage, symbol specifications and available margin. Conditions can change between placement and execution.

  4. 04

    Management

    How did the risk change?

    Trace each stop modification, any trailing rule and the eventual exit. Compare the initial planned risk with the realised result, including losing trades and inactive periods.

02 / TEST CONDITIONS

Record conditions before comparing

Environment

Product version, broker and symbol, test dates, modelling mode, deposit, input settings and available historical data.

Costs

Spread, commission, swaps, slippage, minimum stop distances and permitted volume. A fixed lot does not mean fixed cash risk.

Risk and activity

Drawdown, losing streaks, stop changes, inactive periods and journal errors. Do not tune settings merely to improve one headline number.

03 / ONYX BREAKOUT GOLD

A product to examine with this method

The published ONYX BREAKOUT GOLD listing describes two configurable swing-level breakout modules, pending orders, ATR-based stop and target distances, and trailing management. This is one Expert Advisor, not a bundle. Read its operating limits and requirements before testing.

The MQL5 Market demo runs in the MT5 Strategy Tester, not on a regular account chart. Test it using the data and conditions relevant to your own research.

View the MQL5 Market listingCompare four published Expert Advisors

Trading involves risk of loss. A historical test shows behaviour on selected data, not a guarantee of future results. ONYX does not promise profits.