Mercaria Gryphon GOLD EA
- Experts
- Version: 1.0
- Activations: 5
Mercaria Gryphon GOLD EA — an automated grid trading system for Gold (XAUUSD).
You set the goal and the risk; the EA handles the rest.
— WHY IT IS SIMPLE —
No forest of settings. We kept only the handful of inputs that actually change
your result. You set a profit goal, a risk limit, the grid geometry and a
trading schedule, then simply feel the result in practice.
— HOW IT WORKS —
• The EA finds the entry on its own and opens a first position.
• If price moves against it, it averages in at a fixed step.
• Closes the whole basket together at an adaptive take-profit — a single
grid-step retrace from the average is enough to bank the basket.
• Force-closes a basket once its floating loss hits your Max Drawdown limit.
• Takes at most one trade per H1 candle period.
• When the session profit target is reached, auto-trading switches off by itself.
— TWO RISK PROFILES (one switch) —
STANDARD — fixed equal lot on every level, capped grid depth (up to 40), no
aggressive add-ons. Drawdown grows smoothly and predictably; lighter load on the
deposit. The default choice to start and for smaller accounts.
HARD — position size grows level by level, so the basket recovers into profit
faster, but drawdown and deposit load build up much faster too. Needs a larger
balance and a wider risk limit. For experienced traders and bigger accounts.
— THE PARAMETERS YOU CONTROL —
GRID
• Grid step (points) — distance between averaging levels.
• Max grid levels — maximum grid depth.
• Lot profile — Standard or Hard.
TARGETS
• Session profit target (USD) — once reached, auto-trading stops.
• Max drawdown (USD) — per-basket loss limit (basket stop).
TRADING CALENDAR
• Calendar mode — trade always or follow a weekly schedule.
• Out-of-session action — hold / close all / close & block / finish setup.
• Per-day time windows + broker time-zone shift.
— ON-CHART PANEL —
A movable panel (drag it by the top strip) shows everything live:
• Profile and Status (READY / GRID ACTIVE / OUT OF SESSION / cooldown).
• GRID: direction, levels (open/max), average entry, floating PnL, volume,
next level price.
• SESSION: closed profit, cycles, SL hits, max drawdown, uptime.
• CALENDAR: in/out of session, today's schedule, current time.
Buttons:
• ON / OFF — enable or pause auto-trading.
• BUY / SELL — manually open a basket in the chosen direction.
• CLOSE ALL — close all EA positions and bank the result.
• FULL RESET — reset internal state and session counters (positions untouched).
• EDIT CALENDAR — open the weekly schedule editor.
— TRADING CALENDAR (HOW TO USE) —
The calendar sets which days and hours the EA trades (e.g. to skip weekends, the
night or major news). Default: Mon-Fri around the clock, Sat and Sun off.
Editor (EDIT CALENDAR button):
• Use < and > to pick a weekday; the day's stats P/T/DD are shown next to it.
• Set each window with the - / + steppers (hours by 1, minutes by 5): start - end.
• Click a window number (1, 2, 3...) to toggle it: green = allowed, red = denied.
• ADD RANGE / DEL RANGE — add or remove a window (up to 10 per day, e.g. a
morning and an evening session). APPLY — save. CLOSE — close the editor.
• "Week Overview" lists the whole week; an empty day is BLOCKED.
Via parameters: set day windows as "09:00-17:00,18:00-21:00" (commas separate
windows; empty = day blocked). CalScheduleShiftHours aligns the schedule with
your broker's time zone. Manual BUY / SELL / CLOSE ignore the calendar.
Out-of-session action: Hold (keep, open none) / Close all / Close & block (until
the session) / Finish setup (finish the current basket, open no new ones).
— QUICK START —
1. Open an XAUUSD (Gold) chart — any timeframe.
2. Attach the EA and enable Algo Trading in the terminal.
3. Pick a profile — Standard to begin.
4. Set Session profit target (your goal, $) and Max drawdown (your risk, $) to
fit your balance — see "Plan your balance".
5. Leave the calendar as default, or set your own windows via EDIT CALENDAR.
6. Press ON on the panel to start auto-trading.
7. Watch the panel; the EA stops itself when the target is reached.
Tip: start on a demo account first.
— PLAN YOUR BALANCE (Standard, 2-digit Gold, 0.01 lot, step 350 = $3.50) —
Risk grows quickly with grid depth:
• 10 levels ~ $160 floating loss
• 20 levels ~ $665
• 30 levels ~ $1,525
• 40 levels ~ $2,730 (cap)
Set Max Drawdown to the loss you accept and the basket auto-closes there.
Example: Max Drawdown = $1,000 stops the grid near level 24 (~$80 adverse move).
Rule of thumb: keep balance >= 3x your Max Drawdown (so $1,000 risk -> from $3,000).
The Hard profile builds volume and drawdown several times faster — budget a
larger deposit, a wider step and a higher risk limit. Exact figures depend on
your broker's contract size and tick value.
— REQUIREMENTS —
• Symbol: XAUUSD (Gold). Optimized for Gold.
• Account: hedging, MetaTrader 5.
• Chart timeframe: any.
• Recommended: low-spread/ECN broker for Gold + a VPS for 24/5 operation.
• Start on a demo account, then go live with small risk.
— RISK WARNING —
Grid / averaging systems can accumulate drawdown in strong trends. Trade only
with funds you can afford to lose, respect the Max Drawdown setting and test on
a demo first. Past performance does not guarantee future results.
Version 1.00 • © Mercaria
