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Gold Sickles

Gold Sickles (GS) is an Expert Advisor that is based on MACD and Commodity Channel Index indicators. It also uses Standard Deviation to calculate Take Profit.

Trading Strategy

GS Expert Advisor trades on EURUSD currency pair with timeframe M5. MACD indicator confirmed by Commodity Channel Index indicator is used to open positions. Positions are closed by Stop Loss and Take Profit, where Take Profit is calculated using the Standard Deviation indicator (if AutoTP true). In addition, there is the Trailing Stop option that makes this Expert Advisor more secure. The money management is based on free margin.

To lock account profit or limit account loss, you can activate Target equity and/or Minimum equity in percentage of deposit at the settings.

This EA is optimized for EURUSD M1, but you can use it for other instruments by performing optimization first. You can adjust important parameters by performing optimization periodically using "Every tick based on real ticks" to get precise results or "Open prices only" to get faster results.

Input Parameters


  • Expert Name - name of this EA
  • Expert Version - version of this EA
  • Expert Developer - developer name


  • Slippage in pips - slippage
  • Magic Number - magic number


  • Money management (true or false) - use auto lots calculation
  • Risk in percentage terms - risk based on account balance to calculate lots
  • Volume in lots if money management false - fix lots if money management is set to false
  • Target profit in percentage money, if 0 not used - if this target is reached, the EA will close position
  • Target loss in percentage money, if 0 not used - if this target is reached, the EA will close position
  • Restart trade if one of Target is reached (true or false) - if set to true, the EA will restart a trade after the target profit is reached


  • Timeframe - timeframe
  • Fast EMA of MACD - value of fast EMA of MACD
  • Slow EMA of MACD - value of slow EMA of MACD
  • MACD SMA of MACD - value of MACD SMA of MACD
  • CCI period - period of CCI
  • Standard Deviation period - period of Standard Deviation
  • Standard Deviation factor - factor of Standard Deviation
  • Auto Take Profit - use auto TP (true or false)
  • Stop Loss in pips - stop loss in pips, 0 - not used
  • Take Profit in pips - take profit in pips, 0 - not used
  • UseTrailingStop - Trailing Stop usage (true or false)
  • TrailingStop - Trailing Stop value in pips
  • Closed by Opposite Signal - if true then position will be closed if a reverse signal appears


  • Header text colour - color of header text
  • Header background colour - color of header background
  • Background colour - color of background
  • Text colour - color of text
  • Account profit text colour - color of profit text
  • Account loss text colour - color of loss text
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Version 14.6 2018.04.04
- Fixed bug related to large SL/TP value
Version 14.5 2018.03.13
- Fixed some bugs
- Re-structurized program
- Re-optimized
- Added display panel
Version 14.4 2014.01.22
- Fixed lots calculation.
Version 14.0 2013.10.18
- Broker type recognition.
- Symbol recognition.