Gold Strike EA Overview
Discover the Gold Strike EA, a powerful automated expert advisor designed for MetaTrader 4, perfect for scalping gold (XAUUSD) breakouts on the M5 timeframe. This tool captures rapid price movements using pending orders and employs a tick-by-tick trailing stop for efficient trade management.
Features of Gold Strike EA
- Breakout Scalper Strategy: Utilizes a pure breakout approach, placing pending orders at calculated distances from structural price zones.
- No Grid or Martingale: Each trade is independent, maintaining a risk-averse strategy.
- Aggressive Trailing Stop: Initiates at 70 points of profit, locking in gains as price moves.
- Real Broker-Side Stop Loss: Tight initial stop of 150 points to minimize exposure during false breakouts.
- Session Filtering: Operates during Asia, London, and New York sessions with customizable hours.
- Bidirectional Trading: Capable of executing both long and short trades.
Requirements
- Minimum Account Balance: $100
- Exclusively for XAUUSD (Gold): Operates on the M5 timeframe.
- ECN/RAW Spread Broker: Essential for optimal performance due to a MaxSpread of 20 points.
- VPS Required: Ensures uninterrupted operation with low latency and slippage.
Installation Steps
- Ensure you have a MetaTrader 4 platform installed.
- Download the Gold Strike EA file.
- Copy the EA file to the ‘Experts’ folder within your MT4 directory.
- Restart your MetaTrader 4 platform.
- Attach the EA to an XAUUSD M5 chart and adjust settings as required.
For a seamless experience, test the EA on a demo account before deploying it in a live trading environment.