Daemon Gold
- Experts
-
Ignacio Agustin Mene Franco
My name is Ignacio, I have more than 5 years of experience in the market, both forex and synthetic indices, I program indicators to provide the user with a better trade! - Version: 1.0
- Activations: 5
DAEMON GOLD v1.00
Daemon Gold is a high-precision Expert Advisor (EA) specifically designed to trade XAUUSD (Gold) on the M5 timeframe.
Developed with a strategic combination of advanced technical filters and a controlled grid system, it aims to capture strong, trending gold movements while maintaining reasonable risk per trade.
Main Strategy
The EA uses a hybrid system that combines:
Multi-Layer Confirmation Filters:
Triangle Breakout: Detects consolidation triangle patterns.
ROC Break: Measures momentum using the Rate of Change.
Zero Lag MACD: An improved, lag-free version of the classic MACD.
Bollinger Band Walk: Confirms a strong trend when the price moves along the bands.
Only when most of the filters align in the same direction does the EA activate the entry engine.
Entry Engine: Places pending orders (Buy Stop/Sell Stop) at a controlled distance from the current price (Grid Step = 3.0 pips by default).
Maximum Grid Range: Limited to 15 pips, preventing aggressive and unlimited grids.
Exit Management: Fixed 20-pip Stop Loss + Smart Trailing Stop.
Key Features
Professional Real-Time Visual Panel (signal, filters, spread, lots, pending orders).
Advanced Risk Management:
Fixed or dynamic lot size based on risk percentage per trade.
Maximum spread filter.
Available margin verification.
Limit on pending orders.
Trading Hours: Customizable (default 1:00 AM - 11:00 PM).
Optimized for XAUUSD M5.
Magic Number and clear comments for easy identification. Recommended Requirements
Recommended Parameter
Pair XAUUSD
Timeframe M5
Minimum Capital $500 USD
Broker IC Markets (Raw Spread or Zero Spread)
Account Type ECN / Raw Spread
Spread 1:500 or higher
Maximum Average Spread 30 pips
System Advantages
High selectivity thanks to multiple filters (reduces false entries).
Strict risk control (limited grid + stop loss).
Ideal for gold trading in London and New York sessions.
Clear visual interface that allows the trader to easily monitor the EA's status.
Clean, well-commented, and structured code.
Daemon Gold is a professional tool geared towards traders looking for a robust, filtered, and visually clear system for trading gold on the M5 timeframe, combining momentum, breakout, and intelligent order management.
