Gold Strike EA Core

Get the Professional Version: https://www.mql5.com/en/market/product/148798

- About Gold Strike EA Core

Gold Strike EA Core is the free edition of the Gold Strike trading system, designed to give traders access to a selection of the system's core trading and trade-management features.

The EA is primarily designed for XAUUSD (Gold) and uses swing-based price levels to identify potential breakout areas and automatically place pending Buy Stop and Sell Stop orders.

The Core edition provides a limited feature set and is intended for traders who want to explore and evaluate the basic functionality of the system in MetaTrader 5.

- Core Features

• Swing-Based Entry Detection

The EA analyzes recent market swing highs and lows to identify potential breakout levels and use them as entry points.

• Automated Pending Orders

Automatically places:

• Buy Stop orders above identified swing highs

• Sell Stop orders below identified swing lows

This allows the EA to participate when price moves through the detected levels.

• Flexible Lot Management

Choose between two position-sizing methods:

Fixed Lot

• Trade using a predefined lot size.

Risk-Based Lot

• Calculate the position size based on a selected percentage of the account balance and the Stop Loss distance.

• Stop Loss & Take Profit

Set your preferred Stop Loss and Take Profit distances directly from the EA inputs.

This allows you to adapt the trade parameters to your preferred trading conditions and risk-management approach.

• Trailing Stop

The built-in trailing stop can automatically adjust the Stop Loss of an open position after the configured profit trigger has been reached.

• Trading Session Control

Define your preferred trading session using:

• Start Hour

• Start Minute

• End Hour

• End Minute

The EA can remove its pending orders outside the configured trading period.

• Magic Number

A dedicated Magic Number allows the EA to identify and manage its own trades independently.

• On-Chart Trading Statistics

The built-in information panel displays useful trading information, including:

• Current position

• Position direction

• Lot size

• Open price

• Current price

• Stop Loss

• Take Profit

• Current position profit

• 1-Day statistics

• 7-Day statistics

• 30-Day statistics

• Number of trades

• Trading profit

• Profit Factor

• Live Spread Display

The current market spread is displayed directly on the chart, allowing traders to monitor spread conditions while the EA is running.

M5 — 5 Minute

M5 is the recommended starting timeframe for Gold Strike EA Core.

The EA can operate using the selected timeframe, but M5 is recommended as the primary timeframe for testing and evaluation, particularly when trading XAUUSD.

For consistent testing, use the same timeframe during both backtesting and demo evaluation.

- Recommended Broker Conditions

Gold trading can be sensitive to spread, execution quality and slippage, especially around periods of increased market volatility.

For this reason, it is recommended to use a broker and account type offering:

• Competitive spreads

• Reliable order execution

• Suitable liquidity

• Stable trading conditions

IC Markets Raw Spread

IC Markets Raw Spread can be considered as one option for testing the EA because its Raw Spread account model is based on raw spreads with commission-based pricing.

However, spreads are variable and actual trading conditions can change depending on market volatility, liquidity, trading session and other market factors.

The choice of broker remains the trader's responsibility.

For an accurate evaluation, we recommend testing Gold Strike EA Core under the same conditions you intend to use for live trading.

Recommended starting configuration:

Symbol: XAUUSD
Timeframe: M5
Environment: Low-spread / Raw Spread account
Lot Mode: Fixed Lot or Risk-Based Lot
Risk: Set according to your own risk-management plan

When comparing results, consider not only the trading signals but also:

• Spread

• Commission

• Slippage

• Execution speed

• Trading session

• Broker conditions

Gold Strike EA Core is provided as a free, limited-feature edition.

It allows traders to explore the core trading engine and evaluate how the EA operates in their own MetaTrader 5 environment.

The Core edition intentionally contains a limited selection of the functionality available in the complete Gold Strike EA.

If you want the complete system and additional capabilities, consider the Professional Version.

Take your Gold Strike experience further with the Professional Version.

The full version provides the complete feature set and additional trading capabilities that are not included in the free Core edition.

Get the Professional Version:

https://www.mql5.com/en/market/product/148798

Visit the official MQL5 Market product page to view the complete features, details and current availability.

Trading financial markets involves substantial risk and may not be suitable for every trader.

Gold Strike EA is a software tool, not a guarantee of trading success.

The EA does not guarantee profits, returns, or any specific trading results.

Actual results may vary due to market conditions, volatility, spreads, commissions, slippage, liquidity, execution quality, broker conditions and other factors.

Backtesting and historical results do not guarantee future performance.

Always test the EA thoroughly on a Demo account before considering live trading.

Use appropriate position sizing and risk management, and never risk more than you can afford to lose.

Trade responsibly.