Gu Aurevon M5

Aurevon Gold M5

Overview

Aurevon Gold M5 is an Expert Advisor for MetaTrader 5 designed for XAUUSD. The EA calculates entry signals on the M5 timeframe and uses H1 market-condition filters.

The entry logic combines MACD direction, Stochastic crossover and ADX trend strength. H1 EMA, RSI and ATR conditions are used as additional filters before a trade can be opened.

Trading Operation

The EA evaluates signals only when a new M5 bar is available. Signal values are read from completed bars.

The EA allows only one existing position or pending order for the current symbol at a time. It does not add another position while a position or pending order already exists on the same symbol.

Each market order is opened with an initial Stop Loss and Take Profit. The EA includes a profit-lock function that can move the Stop Loss when a position reaches predefined profit levels.

Execution Protection

The EA checks the current spread before opening a position.

The requested trading volume is adjusted to the broker's minimum volume, maximum volume and volume step. The EA also checks the symbol volume limit, trading permissions, available free margin, tick size, Stop Level and Freeze Level before sending or modifying orders.

If a trade cannot be opened because of broker restrictions or insufficient margin, the EA skips the trade and writes a message in the Experts log.

Recommended Use

1. Open the broker's XAUUSD chart. Use the broker-specific XAUUSD symbol if a suffix is used.
2. Select the M5 timeframe.
3. Attach Aurevon Gold M5 to the chart.
4. Enable Algo Trading.
5. Make sure that M5 and H1 history data are available.
6. Test the EA in the MetaTrader 5 Strategy Tester and on a demo account before using it on a live account.

Input Parameters

InpLots

Requested fixed trading volume. The final order volume is normalized according to the broker's symbol settings.

InpMagicNumber

Magic number used to identify positions opened by the Expert Advisor.

InpMaxSpreadPoints

Maximum allowed spread in points. The EA does not open a new trade when the current spread is higher than this value.

InpDeviationPoints

Maximum allowed price deviation in points for market order execution.

Important Information

Aurevon Gold M5 is designed for XAUUSD on the M5 timeframe. The behavior of the EA can differ across brokers because of symbol specifications, spread, commission, execution mode, minimum volume, leverage and available margin.

The user is responsible for selecting an appropriate trading volume and risk level. Historical testing results do not guarantee future performance. Please test the EA carefully before live use.
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Quantum Emperor MT5
Bogdan Ion Puscasu
4.86 (507)
Introducing   Quantum Emperor EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quantum Emperor EA and you could get Quantum StarMan for free !*** Ask in private for more details Verified Signal:   Click Here MT4 Version
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