Market / MetaTrader 4 / Experts /

Gold Skeith Era MT4

30 USD

Demo downloaded: 22

Published: 22 March 2026

Current version: 1.35

Gold Skeith Era MT4

Experts
Affiq A Ghani
Affiq A Ghani
Algo trader at Kertih, Terengganu, Malaysia

Malaysia

1095
I am an Algo Trader.

1 topic 3 comments
Version: 1.35
Updated: 3 September 2026
Activations: 10

Gold Skeith Era EA is a fully automated Expert Advisor designed specifically for trading breakout volatility on XAUUSD (Gold). The strategy focuses on daily range boundaries, executing orders based on the previous trading day's high and low price levels.

Strategy Concept

At the start of each new broker server day, the EA identifies the previous day's high and low extremes and places two pending orders:

A Buy Stop above the previous day's high.
A Sell Stop below the previous day's low.

Once one side is triggered, the opposite pending order can be automatically cancelled (OCO mode), locking the session to a maximum of one trade cycle per day. Every position is protected by a pre-defined fixed Stop Loss and Take Profit upon entry.

The system adheres to strict risk control:

No Martingale
No Grid or Averaging
No Hedging or Arbitrage
Strict Fixed Risk per Trade

Input Parameters

Fixed Lot Size: Trade volume used if money management is disabled.
Risk Percent: Automatic lot calculation based on percentage of account equity/balance.
Stop Loss (Points): Fixed protective stop loss applied to active positions.
Take Profit (Points): Fixed target profit applied to active positions.
Cancel Opposite Order: If set to true, cancels the secondary pending order as soon as one triggers.
Pending Order Expiration (Hours): Duration in hours before untriggered pending orders expire.
Magic Number: Unique identifier for the EA's orders on the account.
Order Comment: Custom text attached to orders for tracking and journal filtering.

Recommended Settings & Setup

Symbol: XAUUSD (Gold)
Timeframe: Any timeframe (the EA calculates levels using Daily D1 data internally).
Account Type: Raw Spread / ECN with low commissions.
Execution: VPS with low latency to your broker’s server is recommended.
Minimum Balance: $100 for 0.01 micro-lots (or scaled per your risk percentage).

Strategy Tester & Evaluation

Before live deployment, run the EA through the MetaTrader Strategy Tester using:

Model: "Every tick based on real ticks" or "Every tick".

Historical Data: Quality tick data that reflects realistic variable spreads and slippage.

Test on demo accounts first to confirm your broker's daily rollover timing and server time zone alignment.

Check the live monitoring on my profile.

Risk Warning

Trading spot gold and leveraged CFDs involves substantial risk. Past backtesting results or demo performance do not guarantee future profitability. Always verify your position sizing and test thoroughly before committing capital.

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Gold Skeith Era MT4

Affiq A Ghani