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GOLD SKEITH ERA | AUTOMATED DAILY BREAKOUT ENGINE (XAUUSD)
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Developer: Affiq A Ghani
Product Type: Expert Advisor (EA)
Recommended Symbol: XAUUSD / GOLD
Supported Platforms: MetaTrader 4 (MT4) & MetaTrader 5 (MT5)
Recommended Timeframe: Any (EA automatically references D1 Daily Structure)
Recommended Leverage: 1:100 or higher
Minimum Recommended Deposit: $200 (Cent accounts also supported)
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1. PRODUCT OVERVIEW & TRADING PHILOSOPHY
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Gold Skeith Era is an institutional-grade, rule-based algorithmic trading system engineered exclusively for the volatile dynamics of Gold (XAUUSD).
Unlike dangerous grid or martingale robots that risk sudden margin calls, Gold Skeith Era is built on a disciplined Daily High/Low Breakout methodology with strict risk containment:
- EVERY order has a pre-defined Stop Loss and Take Profit.
- NO Martingale, NO Grid averaging, NO Arbitrage, NO toxic recovery.
- Dynamic Profit-Locking Trailing Stop protects unrealized gains as the trend accelerates.
- Built-in On-Chart HUD & Real-Time Spread Monitor for complete visual clarity.
Gold is known for explosive daily expansions. Gold Skeith Era captures these institutional liquidity sweeps and directional expansion moves as soon as the daily boundary breaks, while keeping market exposure tightly controlled.
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2. KEY FEATURES & HIGHLIGHTS
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✔ Pure Daily High/Low Breakout Architecture:
Monitors previous day high and low levels with zero lag and places strategic pending orders (Buy Stop / Sell Stop) at designated market rollover times.
✔ Triple Risk Sizing Model:
- Fixed Lot: Standard fixed trade sizing.
- Risk Percentage: Automatic dynamic lot sizing based on account equity/balance and Stop Loss distance.
- Equity Stepper: Increment lot size progressively (e.g., +0.01 lot per every $200 equity gain), ideal for structured compounding.
✔ Dynamic Trailing Stop Engine:
Locks in profit progressively once price moves in your favor, protecting your trades against sudden market spikes and intraday reversals.
✔ Smart OCO (One-Cancels-Other) Capability:
Optionally cancel the opposite pending order once the first side triggers, preventing whipsaw double exposure during sideways sessions.
✔ Institutional Session & Day Filtering:
Configure daily placement time (default 01:05 server time) and toggle individual trading days (Monday to Friday) to avoid thin or high-impact weekend rollover periods.
✔ Integrated Real-Time HUD Dashboard:
Sleek on-chart dashboard displaying account balance, equity, live spread with warning thresholds, magic number, and system status with customizable screen anchor positions.
✔ Automatic Housekeeping & Safety:
Cleans up pending orders on chart detach/settings change, suppresses chart clutter, and adapts filling modes (FOK / IOC) automatically for modern broker compatibility.
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3. RECOMMENDED BROKER & ACCOUNT SPECIFICATIONS
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- Broker Type: ECN / Raw Spread broker with low spreads on Gold (XAUUSD).
- Execution: Low latency VPS recommended (under 50ms) for optimal pending order trigger execution.
- Minimum Balance:
* Standard / ECN Account: $200 - $500 minimum for 0.01 lot.
* Micro / Cent Account: $20 - $50 minimum.
- Account Currency: USD, EUR, GBP, or any base currency.
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4. INPUT PARAMETERS EXPLANATION
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--- TRADING DIRECTION ---
* Allow Buy Trades: Enable or disable long pending orders.
* Allow Sell Trades: Enable or disable short pending orders.
--- RISK MANAGEMENT ---
* Lot Sizing Method:
- Fixed Lot Size: Trade with a constant volume.
- Percent of Account Balance: Dynamically calculates lot based on risk percentage.
- Equity Step: Increases lot size incrementally with balance growth.
* Fixed Lot Size: Lot size when Fixed Lot is selected (default: 0.01).
* Risk Percent per Trade (%): Percentage of balance risked per trade (default: 1.0%).
* Equity Amount per Step ($): Balance step threshold (default: $200.0).
* Lot Increase per Equity Step: Incremental lot added per step (default: 0.01).
* Maximum Allowed Spread (Points): Prevents order placement if broker spread exceeds threshold (0 = OFF).
--- STOP LOSS & TAKE PROFIT ---
* Entry Offset from High/Low (Points): Distance added above High or below Low for pending triggers (default: 0).
* Stop Loss (Points): Protective stop loss distance in points (default: 2270 points / 22.7 pips on 2-decimal gold).
* Take Profit (Points): Target objective distance in points (default: 5000 points / 50.0 pips).
--- TRAILING STOP ---
* Use Trailing Stop: Enable or disable dynamic trailing stop (default: True).
* Trailing Start (Points): Profit required before trailing activates (default: 280 points).
* Trailing Step (Points): Step distance to adjust trailing stop (default: 10 points).
--- TRADING TIME & CONTROLS ---
* Time to place pending orders (HH:MM): Broker server time when orders are deployed (default: "01:05").
* Enable Pending Order Deletion Time: Automatically close unfilled orders at specified hour (default: False).
* Time to delete pending order (HH:MM): Cancellation time (default: "23:00").
* Auto-place orders on attachment: Immediately checks and deploys pending orders upon attaching to chart (default: True).
* Use OCO (Delete opposite on fill): Deletes opposite pending order once one side is filled (default: False).
* Auto-close pending orders on EA detach: Cleans up orders if EA is removed or chart closed (default: True).
--- TRADING DAYS ---
* Trade Monday / Tuesday / Wednesday / Thursday / Friday: Day-by-day activation toggles.
--- VISUALS & SYSTEM ---
* EA Magic Number: Unique identifier for trade tracking (default: 123456).
* Trade Comment: Order identifier in broker terminal.
* Show Daily High/Low Lines: Plots breakout reference lines on chart.
* Show Gold Dashboard Panel: Toggles visual HUD dashboard on/off.
* Dashboard Position: Anchor location (Top-Left, Top-Right, etc.).
* Show Spread Panel: Displays live spread gauge.
* High Spread Warning Level: Visual alert threshold in points.
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5. QUICK START SETUP GUIDE (STEP-BY-STEP)
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1. Open your MetaTrader terminal (MT4 or MT5).
2. Open a chart for Gold (XAUUSD or GOLD).
3. Any timeframe is supported (M15, H1, or H4 recommended for clear visual observation).
4. Drag and drop "Gold Skeith Era Phase 7" from the Navigator onto the chart.
5. In the "Common" tab, ensure:
- MT5: Check "Allow Algo Trading".
- MT4: Check "Allow Live Trading" and "Allow DLL imports" if prompted.
6. Make sure the master "Algo Trading" / "AutoTrading" button on top of MT4/MT5 is turned ON (Green).
7. Review inputs or use optimized defaults, then click OK.
8. The dashboard and breakout reference levels will appear immediately on your chart!
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6. FREQUENTLY ASKED QUESTIONS (FAQ)
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Q: Does this EA use dangerous Martingale or Grid?
A: Absolutely NOT. Every trade is protected by an explicit hard Stop Loss. The EA does not open averaging grids or multiply lot sizes against losing positions.
Q: Which timeframe should I attach it to?
A: You can attach it to any timeframe (e.g. M15 or H1). The algorithm automatically calculates the Previous Day's High and Low directly from the Daily (D1) data series.
Q: Can I run this EA alongside other systems?
A: Yes! Simply assign a unique Magic Number in the EA inputs for each chart.
Q: Can I backtest this EA in Strategy Tester?
A: Yes. For MetaTrader 5, select XAUUSD, choose "Every tick based on real ticks" or "Every tick" with 1-minute OHLC, and set the dates. The EA will simulate full historical daily breakout performance.
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7. DISCLAIMER & RISK WARNING
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Trading foreign exchange, commodities, and CFDs carries a high level of risk and may not be suitable for all investors. High leverage can work against you as well as for you. Before deciding to trade gold or use automated trading systems, carefully consider your investment objectives, level of experience, and risk appetite. Past performance in backtesting or live environments does not guarantee future results.
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