GoldEater

MQL5 Signal Description (Buy‑Only, No Martingale)

This signal trades BUY only, designed to follow upward price movement and take profit as the market continues rising. The strategy is built with a wide tolerance to normal pullbacks (large room of error), aiming to avoid being shaken out by small retracements.

It is NOT a martingale system (no doubling lots after losses). When the market drops significantly, the system switches into a capital‑protection / recovery mode, focusing on reducing exposure and using rebounds to improve the account gradually, step by step, rather than trying to “win back” losses aggressively.

Key Features

• Buy-only approach
• Trend-following take profits during sustained rises
• No martingale / no lot doubling
• Designed to withstand pullbacks with a wide safety margin
• In deep drawdowns, works to recover gradually on rebounds

Risk & Management Notes

• I may personally reduce lot size when I expect a larger pullback in the near term.
• Most of the time I will not stop the EA, unless I identify an exceptional scenario that could pose a very high (worst-case) risk to the account.
• I may withdraw funds periodically (often monthly). I will try to maintain a base balance of around 3,000 USD.

Recommendations / Notes

• Best suited for bullish or ranging-to-up markets
• Please use proper risk settings and lot size, and expect periods of drawdown during strong downtrends
• Past performance does not guarantee future results