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El Dorado Trading Bot

Demo downloaded: 16

Published: 3 August 2025

Current version: 1.0

El Dorado Trading Bot

Experts
Lucas Roman Wood Fernandez-davila
Lucas Roman Wood Fernandez-davila
United Kingdom

189
Version: 1.0
Activations: 5

Gold dip buy scalp.

To be used on the XAUUSD M5 chart.

The EA uses a variety of indicators and conditions to identify a dip buy opportunity and will trade on this opportunity.

The EA includes take profit and stop loss in place as well as an array of downside protection to manage trades during volatile periods. The EA will automatically close orders if the momentum on the dip buy is not there, protecting your capital.

Only 1.5% of total account will be risked per trade to manage risk.

Please see screenshots on backtested YTD (to 01/08/2025) performance on a 10k account and statistics with a profit factor of 2.7, the EA has produced 42% return on a small 1.5% risk.

Whilst being a scalping EA, it is designed not to over trade but to take advantage of a dip buy opportunity when it presents itself. On the backtest, the EA has traded 213 times (over the same period as above) with 3 orders on per signal.

We value quality over quantity.

Installation

Specification: chart set-up

Symbol: XAUUSD
Timeframe: M5
EMA lines: 50/80/100
RSI (14)
Minimum deposit: £500
Risk is defaulted to 1.5%, you do not need to change this. Increase risk % at your own discretion but we recommend to keep this at the default level.
Any account and broker type is fine.
VPS is highly recommended.
Simply drag the El Dorado Trading Bot EA onto the chart and allow live trading.

This is a MetaTrader 4 (MT4) trading bot designed for gold trading that uses a momentum-based strategy. Here's a high-level overview:

Strategy Overview:

The bot implements a momentum trading strategy for gold
It uses multiple technical indicators to identify potential buying opportunities
It has built-in risk management features and daily trading limits
The system only takes long (buy) positions

Key Features:

Implements trend following mechanics using multiple timeframe analysis
Uses RSI (Relative Strength Index) for entry signals
Has protective measures to manage risk and preserve capital
Includes position sizing based on account balance
Enforces daily trading limits to prevent overtrading
Monitors market conditions continuously
Includes automatic trade management features

Risk Management:

Uses fixed risk percentage per trade set
Implements multiple protective measures
Has built-in slippage control
Includes automatic position sizing
Places a maximum limit on daily trades

Trade Management:

Automatically manages entry and exit points
Monitors ongoing trades
Has built-in stop loss and take profit mechanisms
Includes trade set management capabilities

This is a sophisticated trading bot that combines multiple technical analysis concepts while maintaining strong risk management principles.

Risk Warning: Past performance is not indicative of future results. Please be aware of the risks involved.

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El Dorado Trading Bot

Lucas Roman Wood Fernandez-davila

Installation