Elitieum For XAUUSD

Elitieum Expert Advisor

A sophisticated trading robot that combines Williams' Percent Range and Envelopes indicators to identify optimal entry and exit points in the market.

Key Features

  • Entry Strategy: Uses Williams' Percent Range (24 period) with a -32.5 level for precise entry signals
  • Exit Strategy: Implements Envelopes indicator (12 period, 0.76% deviation) for optimal exit timing
  • Risk Management: Fully customizable Stop Loss and Take Profit levels
  • Advanced Protection Features:
    • Maximum spread control
    • Daily loss limits
    • Equity drawdown protection
    • Position size limits
    • Multiple position management

Trading Logic

Entry Rules

The EA enters trades based on the Williams' Percent Range (WPR) indicator:

  • Buy Signal: When WPR crosses above -32.5 from below
  • Sell Signal: When WPR crosses below -67.5 from above

Exit Rules

Positions are closed when the price crosses the Envelopes bands:

  • Long positions: Close when price crosses upper band
  • Short positions: Close when price crosses lower band

Risk Management Features

Trade Protection

  • Customizable Stop Loss and Take Profit levels (in pips)
  • Flexible lot size management
  • Maximum spread filter to avoid trading in high-spread conditions

Account Protection

  • Daily loss limit (in currency)
  • Maximum daily drawdown percentage
  • Minimum and maximum equity thresholds
  • Maximum open positions limit
  • Maximum total lot size control

News Filter

Built-in news filter with customizable settings:

  • Filter by currency pairs
  • Separate settings for high and medium impact news
  • Adjustable time windows before and after news events
  • Option to display upcoming news events

Additional Features

Session Management

  • Fully configurable trading sessions
  • Options for handling specific trading days
  • Session close management

Performance Monitoring

  • Real-time position tracking
  • Detailed trading statistics
  • Daily, weekly, and monthly performance metrics
  • Visual display of key trading parameters

Installation Requirements

  • Platform: MetaTrader 5
  • Recommended timeframe: H1
  • Recommended pairs: XAUUSD (Gold)
  • Minimum deposit: Based on broker's requirements for XAUUSD trading

Package Includes

  • Expert Advisor installation file
  • Detailed user manual
  • Optimization settings file
  • Free updates and support

Recommended Settings

  • Currency Pair: XAUUSD
  • Timeframe: H1
  • Initial Lot Size: 0.10
  • Williams' Percent Range Period: 24
  • Envelopes Period: 12
  • Envelopes Deviation: 0.76%

Important Notes

  • Past performance does not guarantee future results
  • Demo testing is recommended before live trading
  • Risk capital should be used for trading
  • Results may vary depending on market conditions and broker conditions

For optimal results, it's recommended to run this EA on a stable VPS with reliable internet connection. Always start with demo trading to familiarize yourself with the EA's behavior and to verify its compatibility with your broker's trading conditions.

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Introducing   Quantum Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Emperor EA and you could get Quantum StarMan for free !*** Ask in private for more details Verified Signal:   Click Here MT4 Version
EA Legendary Multi Strategy
Vitali Vasilenka
5 (5)
EA Legendary Multi Strategy — A professional multi-strategy advisor. One advisor — dozens of strategies. Confirmed signals. Tight risk management. Designed for traders who value entry accuracy, flexible settings, and drawdown control. This isn't just an advisor. It's a quantum leap in algorithmic trading, where the power of collective intelligence from strategies meets the precision of artificial intelligence. Collective Intelligence: More than 12 independent trading strategies work in unison.
AI Gold Scalp Pro
Ho Tuan Thang
4.08 (13)
WANT THE SAME RESULTS AS MY LIVE SIGNAL?   LIVE SIGNAL:  https://www.mql5.com/en/signals/2366724 Use the exact same brokers I do:   IC MARKETS  &  I C TRADING .  Unlike the centralized stock market, Forex has no single, unified price feed.  Every broker sources liquidity from different providers, creating unique data streams. Other brokers can only achieve trading performance equivalent to 60-80%. Forex EA Trading Channel on MQL5:  Join my MQL5 channel to update the latest news from me.  My com
AI Gold Trading MT5
Ho Tuan Thang
3.51 (47)
WANT THE SAME RESULTS AS MY LIVE SIGNAL?   Use the exact same brokers I do:   IC MARKETS , IC TRADING   .  Unlike the centralized stock market, Forex has no single, unified price feed.  Every broker sources liquidity from different providers, creating unique data streams. Other brokers can only achieve trading performance equivalent to 60-80%. LIVE SIGNAL IC MARKETS ( My live signal on IC Markets is still on the old MT4 1.0 – I need to update new live signal to the newest version on MT5 platform
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