Market / MetaTrader 5 / Experts /

Gold Wrath EA

59 USD

Demo downloaded: 94

Published: 6 May 2025

Current version: 1.0

Gold Wrath EA

Experts
Kamogelo Serongwane
Kamogelo Serongwane
Coder at KMS Digital pty ltd

South Africa

241
1 (1)
We are independent coders and forex traders with a combined 13 years of experience in the market. Driven by a passion for technology and a mission to empower fellow nerds and future millionaires, we’ve turned what started as curiosity into a personal movement.

1 product
Version: 1.0
Activations: 5

A precision-based Expert Advisor designed specifically for trading Gold (XAUUSD) on the 5M chart. This EA executes high-quality RSI cross over scalping trades on the 70% and 30% threshold. Minimizing drawdown in the market. this EA thrives on It’s all about strategy, timing, discipline, and a carefully crafted strategy to deliver consistent results. Whether you’re a seasoned trader or just starting, this system is designed to maximize your potential while minimizing the risks and distractions of the market and maintaining discipline and emotional destress.

Recommendations:

Currency Pair:XAUUSD (GOLD)
Account: Netting & Hedging
Timeframe: 5m
Minimum Deposit: $200 USD
Account type: Standard (no commission), Raw (optimal)
For best results, use Broker: IC Markets, IC Trading.

Recommended Inputs:

Overbought: 70
Oversold: 30
Added risk management: 1.0
TakeProfitPips: 300
TrailStartPips: 3
TrailStopDistance: 3
Magic Number: 123456
Added maximum lotsize: 0.01

⚠ Backtest Modelling: 1 minute OHLC as it is based on high low candle stick close trade execution not by every price ticks.

BENEFITS

Simple & Rule-Based Strategy

Uses the Relative Strength Index (RSI) for clear overbought/oversold signals.
Avoids complex indicators, making it easy to understand and modify.

Risk Management Improvements

Auto lot sizing based on account balance.
Margin checks prevent "Not enough money" errors.
Max LotSize prevents excessive risk on high-margin instruments (e.g., XAUUSD).

Trailing Stop-Loss for Locking Profits

Moves stop-loss to breakeven once profit reaches.
Helps secure profits while allowing trades to run.

Fixed for MQL5 & Netting Accounts

Works correctly in MetaTrader 5 (MT5) with netting mode brokers.
Properly checks open positions before entering new trades.

No Premature Loss-Closing

Avoids emotional trading decisions.

For more suitable results , play around with the inputs and ENJOY!

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kazuto19851126 2025.05.14 03:20 #

under test

Gold Wrath EA

Kamogelo Serongwane