Philippe Calibre 79 Gold

System Overview
Philippe Calibre 79 is an automated Expert Advisor designed specifically for trading XAUUSD on MetaTrader 5. The system operates by analyzing momentum and statistical price action to execute trades. It utilizes a built-in basket closure mechanism to manage floating positions, avoiding the use of unmanaged lot multipliers.

Core Features

• Basket Management: Automatically pairs negative positions with larger positive positions to exit the market cycle at a designated target level.

• Dynamic Trailing: Features an optional percentage-based trailing exit to manage the basket closure.

• Volatility Filter: Monitors the Average True Range (ATR) to pause initial entries during periods of extreme price expansion.

• News Integration: Connects to the MetaTrader 5 economic calendar to suspend trading before and after high-impact macro events.

• Daily Equity Controller: Includes optional inputs to halt trading for the remainder of the day if a specific daily percentage limit is reached.

Technical Requirements

• Symbol: XAUUSD (Designed for 2-decimal pricing).

• Account Type: Hedging enabled.

• Minimum Capital: $500 for Standard Accounts (or equivalent in Cent/Micro accounts).

• Execution: A low-latency VPS is required for stable operation.

Input Parameters

Global Execution Parameters

• Global Trade Execution: Master switch to enable or suspend new cycles.

• Maximum Open Legs: Limits the permitted number of concurrent positions per cycle.

• Permitted Order Flow: Restrict the EA to Buy only, Sell only, or Bi-directional trading.

Capital Allocation & Position Sizing

• Volume Calculus: Select dynamic lot sizing or fixed lot sizing.

• Absolute Base Volume: The base lot size used when fixed sizing is selected.

• Capital Segment per Base Volume: The balance required to increase the lot size by one step.

Advanced Equity Protection

• Enable Daily Equity Lock: Master switch for daily limits.

• Daily Target Ceiling (%): Halts trading until the next day if this positive threshold is reached.

• Daily Drawdown Floor (%): Halts trading until the next day if this negative threshold is reached.

Advanced Algorithmic Exit Logic

• Enable Trailing Exit: Activates the percentage-based basket trailing stop.

• Trailing Activation Threshold: The percentage of balance required to arm the trailing stop.

• Trailing Lock-in Step: The percentage buffer used to trail the price.

Macro-Economic & Volatility Filters

• Enable Flash-Crash Filter: Activates the ATR volatility limit.

• Volatility Maximum Expansion: Maximum ATR points allowed before new entries are blocked.

• Enable News Filter: Activates the MT5 calendar integration.

• Pre-Event Blackout Window: Minutes to pause before a news event.

• Post-Event Stabilization: Minutes to pause after a news event.

Chronological Execution Matrix

• Enable Holiday Pause: Suspends trading during low-liquidity periods (December - January).

• Friday Force-Liquidate: Optionally closes all open positions at a specified hour on Friday.

• Authorize Execution (Mon-Sun): Individual toggles to permit or deny initial entries on specific days of the week.

Product Support
For setup guidance or technical inquiries, please use the Comments section below or send a direct message via the MQL5 messaging system.