Aurum Overlord

Aurum Overlord Version 1.17

Aurum Overlord is an automated trading system designed for Gold (XAUUSD) and Forex instruments. The Expert Advisor utilizes a Straddle Scalping strategy, capitalizing on market momentum and liquidity breakouts through pending order execution.

Core Strategy and Features

  • Straddle Scalping Architecture: Places precision pending buy and sell orders around the current price to capture sudden market movements.

  • Risk Management Control: Every trade executed includes a mandatory Stop Loss to limit downside risk.

  • Dynamic Trailing Stop: Automatically adjusts to secure profits as the market moves in the trade direction.

  • Daily Equity Target: Built-in daily profit target in account currency. Upon reaching the threshold, active trades are closed and remaining pending orders are canceled.

  • Time Filters: Integrated execution windows to restrict trading during high-spread periods, including weekend openings and market closes.

Configurable Parameters

  • InpGapPips: Set the exact distance in points from the current price for pending order placement.

  • InpStopLossPips: Define the hard Stop Loss distance per trade.

  • InpTrailingPips: Configure the trailing stop distance for profit protection.

  • InpDailyTarget: Specify the daily dollar target for total strategy exit.

  • Money Management: Select between fixed lot sizing or dynamic percentage-based risk calculation.

  • Session Controls: Custom input parameters for daily start, end, and pre-close order cancellation times.

Operation Guidelines

  1. Install the EA on the recommended chart timeframe.

  2. Calibrate input settings according to your account balance and personal risk tolerance.

  3. Test the settings on a Demo account or within the MQL5 Strategy Tester prior to live execution.

Support and Inquiries

For technical questions or support regarding setup and parameter configuration, please send a message directly via the built-in MQL5.com chat system.

Risk Warning: Financial market trading carries inherent risk. Past performance in backtesting or forward testing does not guarantee future results.


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