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Gold Spot Pending Buy Advance

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Published: 7 August 2020

Current version: 3.0

Gold Spot Pending Buy Advance

Name: Gold Spot Pending Buy Advance
Author: Handy Ban

Experts
Handy Ban
Version: 3.0
Updated: 5 August 2025

Here is the revised, compliant description for Gold Spot Pending Buy Advanced.

I have applied the same compliance standards:

Safety First: Removed the "⚠️" symbol and replaced "recovery logic" warnings with a neutral "Risk Warning" section.
Neutralized Language: Rephrased the strategy description to be purely technical, avoiding any implication of "guaranteed" entries.
Logical Grouping: Grouped the input parameters into Risk, Strategy, and Order Settings for better readability as per the "Recommendations" guidelines.

Gold Spot Pending Buy Advanced

Gold Spot Pending Buy Advanced is an automated Expert Advisor developed for trading XAUUSD (Gold). It utilizes a pending-order-based strategy that aligns with trend detection logic. The Expert Advisor operates strictly on predefined technical conditions.

Strategy Overview

The Expert Advisor identifies potential market direction using a crossover logic based on Exponential Moving Averages (EMA 10 and EMA 60).

Entry Logic: Trade entries are executed exclusively through pending orders (Buy Stop or Buy Limit), depending on the price position relative to the detected trend.
Order Management: Orders are placed only when specific EMA conditions are satisfied. The EA continuously monitors and modifies pending orders according to market movements and input parameters.

Main Features

EMA-based trend detection (EMA 10 & EMA 60)
Pending order execution model (Stop / Limit)
Configurable trading time filters
Integrated Maximum Drawdown limitation
Fully automated trade and order management

Recommendations

Symbol: XAUUSD
Timeframe: M15 or H1
Account Type: Any MT5 account supporting XAUUSD
VPS: Recommended for continuous operation

Input Parameters

Risk Management

MaxRiskPercent: Risk per trade calculated from account balance
MaxDrawDown: Maximum allowed floating drawdown percentage (stops new trades if reached)
StopLossPoints: Virtual stop loss distance (in points)

Order Settings

PendingLot: Base lot size for initial orders
DistancePending: Distance between pending orders (in points)
TP: Take Profit target (in points)
MaxOpenPosition: Maximum number of simultaneously open positions
TotalPendingOrder: Maximum number of pending orders allowed per signal

Strategy Settings

Trend: Manual direction filter (Buy / Sell)

Risk Warning

This Expert Advisor is a technical trading tool. Trading financial instruments involves significant risk and may result in losses. Strategies that increase exposure during drawdowns require careful risk management. Past performance does not guarantee future results. The user is solely responsible for all trading decisions.

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One Trade Gold Pro One Trade Gold Pro is an automated Expert Advisor developed for trading XAUUSD (Gold). It is designed specifically for the Daily (D1) timeframe, focusing on lower frequency, higher quality setups rather than rapid scalping. Strategy Overview The Expert Advisor evaluates market conditions using a rule-based logic to identify momentum and trend direction. Entry Logic: The primary signal is generated based on Relative Strength Index (RSI) momentum. If the primary RSI conditions

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SuperTrend Indicator for MetaTrader 5 The SuperTrend Indicator is a classic trend-following tool designed to help traders identify the current market direction with clarity and precision. Based on Average True Range (ATR), it dynamically adapts to price volatility to outline potential support or resistance levels in trending markets. Key Features Trend Visualization Displays color-coded trend lines directly on the chart: • Uptrend – green line • Downtrend – red line Signal Arrows Shows arrows

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EA designed to generate pending orders based on the trend and designated take profit value. This EA designed exclusively to work best on GOLD SPOT M5 especially during up trend. User can freely decide to close the open position from this EA or wait until take profit hit. No parameters need to be set as it already set from the EA itself. This EA do not use Stop Loss due to the applied strategy. Please do fully backtest the EA on the worst condition before use on the real account. Recommended ini

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This Expert Advisor is a Combination of Averaging & Martingale. 1. Trend : to define what position the EA should Trade - LONG SHORT ( EA will open both BUY and Sell ) - LONG ONLY ( EA will only open BUY ) - SHORT ONLY ( EA will only open SELL ) 2. Distance between Each Positions - Point value of each Positions 100 : - if 100 Points reached between the last position and current price, new Position will be open by EA - EA will set up a higher volume for this new Position - new TP calculated us

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This is a tool created for scalping. it can generate pending orders with 4 input: 1. Volume : Lot for the Pending Orders 2. Distance : Distance within the Orders in Points 3. Total Order : Total Generated Orders 4. Take Profit : TP for the generated Orders in Points 5. Stop Loss : SL for the generated Orders in Points It also have another tools which can monitor the floating and close at defined profit using Closed at Profit Input What's new: - Stop Loss in Pip

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Rui Xue Chen 2025.03.06 11:55 #

User didn't leave any comment to the rating

4676

Reply from developer Handy Ban 2025.03.06 15:35 #

Thank you for the review. Happy trading

46046023 Hulmani 2022.03.28 08:47 #

Good EA.. Need to add stop loss

4676

Reply from developer Handy Ban 2025.03.06 15:35 #

Thank you for the review