GoldPivot Trend EA
- Experts
- Version: 1.0
- Activations: 5
GoldPivot Trend — Momentum and levels system for XAUUSD
The bot is an Expert Advisor for MetaTrader 5 designed to trade primarily XAUUSD using a signal-following strategy based on RSI, pivot-based support/resistance levels, and Rate of Change (ROC).
At the start of each new candle, the system analyzes entry conditions by combining RSI, proximity to pivot levels, and momentum via ROC. Long or short positions are opened when the configured conditions are met. Exits are triggered by opposing signals and dynamic position management.
Risk is controlled via an ATR-based Stop Loss with a configurable multiplier. Position size can be calculated based on risk percentage, fixed lot size, or monetary risk, while also incorporating a maximum exposure limit. The EA includes filters for spread, trading session, and market regime, as well as limits on simultaneous positions and protection mechanisms against daily and total losses.
Trade execution and management are fully automated, covering lot size calculation, Stop Loss/Take Profit settings, and closing trades upon opposing signals. Key parameters for indicators, risk, and management are configurable via the EA's input settings.
Clear rules, executed consistently on every candle—without last-minute adjustments or manual intervention.
