Gold Wrath EA

1
  • Experts
  • Kamogelo Serongwane
    Kamogelo Serongwane
    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.
  • 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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William Brandon Autry
5 (20)
BYRDI - The Distributed Trading Network That Coordinates the Portfolio. Most Expert Advisors see one terminal, one account, and one set of positions. BYRDI sees the wider network. BYRDI connects separate MetaTrader 5 terminals into a coordinated trading mesh. Each node can keep its own account, broker, markets, strategy, AI model, capital allocation, and risk settings while sharing the information needed for wider portfolio awareness. The network can coordinate execution, limit duplicated expos
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kazuto19851126
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kazuto19851126 2025.05.14 03:20 
 

under test

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