Gold Great EA is a rule-based MT5 XAUUSD Expert Advisor that trades pure price structure at H1 timeframe. Gold Great EA reads the gold chart the way a discretionary price action trader does. Every decision is deterministic. The same chart always produces the same signal. Nothing is trained, fitted or optimised at runtime.
What it does not do
- No lagging indicators.
- No machine learning, neural networks or black-box models.
- No martingale, no grid, no averaging down, no recovery mode.
- No adding to a losing position, and no re-entry into one.
- One open position at a time by default.
Risk management
- Fixed percentage of equity risked per trade. Lot size is calculated from the real stop distance and the broker's tick value and tick size, so risk stays consistent across brokers, account currencies and contract specifications.
- Stop loss placed beyond the most recent swing point, with a buffer expressed as a percentage of the current swing range instead of a fixed pip figure.
- Take profit set as a fixed reward-to-risk multiple.
Please download the optimized parameter setting files below after the graph and load it to parameter input in Gold Great EA.
Files:
Gold Great EA.set
3 kb
![[Action Required]: Manual EA Pause Recommended](https://c.mql5.com/6/1027/splash-preview-775266.png "[Action Required]: Manual EA Pause Recommended")
