Gold Respecting MT4

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Version МТ5

Gold Respecting – an advanced gold trading solution (XAUUSD)

Gold Respecting is a high-performance, fully automated trading algorithm developed based on years of experience trading and analyzing the gold market. Unlike many systems, this EA focuses on pure price action and volatility dynamics, specifically tailored to the unique behavior of the XAUUSD.

The EA's core philosophy is capital preservation. It completely avoids high-risk retracement methods such as grid, martingale, or averaging. Each trade is an individual event, strictly managed by professional risk parameters.

Why is Gold respected?

* Precise entry mechanism: The EA uses a dual-filter system to identify high-probability momentum shifts. It doesn't just trade; it trades when the market "respects" specific price levels.

* Intelligent order execution: Instead of simple market orders, the EA uses a sophisticated system of trailing pending orders. This allows the entry point to "follow" the price, ensuring entry into the trend at the optimal breakout point.

* Dynamic Profit Protection: The built-in trailing stop-loss is activated only when the trade is in a safe profit zone, locking in profits and giving the price room to maneuver.

* Volatility Accounting: The Minbody Candle filter ensures that the EA ignores "market noise" and periods of low liquidity, focusing only on real institutional movements.

Key Features:

* 100% Automation: Set it once, and the algorithm takes care of the rest.

* Tight Stop Loss and Take Profit: Every position is protected from the moment it's opened.

* Spread Protection: The built-in monitor prevents trading during high-spread events (news, position rollovers), eliminating unnecessary costs associated with slippage.

* Convenient deposit: Start with $250 and scale your capital using the built-in money management system.

* Execution: Using a low-latency VPS is highly recommended to ensure pending orders function correctly.

* Use a VPS for 24/7 operation to ensure a trailing stop can manage active trades.

To learn more about other products, follow this link: https://www.mql5.com/ru/users/vypchela/seller

  1. To trade, install the advisor on the M30 chart, XAUUSD (Gold), initial deposit from $250.
  2. Recommended broker: Tickmill, IC Markets or others with low spreads..
  3. Account type: ECN, Raw (very low spreads and minimal commission are mandatory).
  4. Leverage: minimum 1:100, recommended 1:500.

Settings:

  1. Magic Number - magic number.
  2. Max Spread - the maximum spread allowed in trading.
  3. Take Profit (Atr) - fixed take profit.
  4. Stop Loss (Atr) - fixed stop loss.
"Money Management"
  • Balance Risk Percent - as a percentage of the deposit.
  • Volume Limit - the maximum lot allowed in trading.
"Price Offset Settings"
  1. Price Offset - distance to place an order.
  2. Expiration - the holding time of placed orders.
"Trailing Stop settings"
  1. Trailing Stop, points – profit in points.
  2. Profit in points - when the TS should be triggered.
  3. Enable trailing stop - on/off
"Trailing Pending Orders"
  1. Distance Pips - offset of the placed order.
  2. Step Pips - step in points.
Comment - comment on the Expert Advisor.
Slippage - slippage.
Candle - candle indk.
Period ind - period ind.
"Time Filter"
  • Start Hour - the start of trading in hours.
  • Start Minute - start of trading in minutes.
  • End Hour - end of trading in hours.
  • End Minute - end of trading in minutes.
Period Candle - period candle.
Minbody Candle - minimum candle size.
Candle ID - candle identifier.
Filter_1 - Filter 1.
Filter_2 - Filter 2.
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