GoldHook Scalper

GoldHook Reversal EA (v2.510)

Fully automated Expert Advisor for XAUUSD (Gold), M5 timeframe. Trades consolidation-channel reversals confirmed by an RSI momentum hook and liquidity sweep, and automatically flips to trend-following mode when a strong trend is detected. Includes Smart Partial Close, Master Risk Lock, daily loss limit, market-close protection, and a built-in performance dashboard.

Recommended Settings

Setting Value
Setting Value
Channel Length 18
Entry Cooldown (bars) 2
Require Liquidity Sweep ON
TP: % of Zone Height 46%
Partial-Close Breakeven Buffer $1.80
Lot Mode Fixed Lot (0.03) — or Fixed $ Risk ($15/trade)
Master Risk Lock $30 max risk per trade
ADX Block Threshold 18
Trend-Follow Mode ON
Trend-Follow Min ADX Strength 35
Trend SL — ATR Buffer 1.5
Trend SL — ATR Min Multiplier 1.3
Daily Trade-Open Time ON, from 07:00 IST
News Filter OFF (optional — add your own Finnhub key to enable)
Minimum Deposit $500

⚠️ SL Fixed Pips — Broker Calibration Required

SL_Pips default is 25, but gold brokers quote XAUUSD with different decimal precision, so the same value can mean very different dollar risk:

Broker's XAUUSD Digits SL_Pips to use
1 decimal (e.g. 2375.4) 25 (default)
2–3 decimals (e.g. 2375.43) 250

Check your broker's Digits under Market Watch → XAUUSD → Specification, or read the EA's startup log (Experts tab), which prints your exact $ risk at minimum lot for the current SL_Pips setting. Adjust before trading live. This calibration is only critical in Fixed Lot mode — Fixed $ Risk mode auto-solves lot size from your broker's real tick specs.

Risk Warning

Trading involves significant risk. Past performance is not indicative of future results. Always test on a demo account before going live.


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