Robot Gold Hunter M5
- Experts
- Version: 6.7
- Activations: 5
Gold Hunter M5 Expert Advisor – Strategy Summary
The EA maintains a 1 : 1.41 Risk-to-Reward ratio
Gold Hunter M5 is an automated trading system designed primarily for XAUUSD (Gold) on the M5 timeframe. The EA uses a combination of trend-following and momentum indicators to identify high-probability entry opportunities while incorporating several layers of risk and account protection.
Money Management
| Parameter | Value |
|---|---|
| Fixed Lot Size | 0.05 lots |
| Stop Loss | 1,887 pips |
| Take Profit | 2,664 pips |
| Risk Method | Fixed lot only |
| Grid/Martingale | Not used |
Risk Protection Features
Entry Protections
The EA can block new trades when:
- Maximum spread is exceeded.
- Maximum number of open positions is reached.
- Maximum total open lots are exceeded.
Daily Protections
Optional daily safeguards include:
- Maximum daily loss limit.
- Maximum daily drawdown percentage.
- Automatic reset at a specified hour.
If these limits are breached:
- All open positions may be closed.
- New entries are suspended until the next reset period.
Account Protections
The EA can automatically stop trading if:
- Equity falls below a minimum threshold.
- Equity exceeds a predefined profit target.
- Maximum account drawdown percentage is reached.
When triggered, the EA:
- Closes all active positions.
- Displays a warning message.
- Removes itself from the chart.
Strategy Characteristics
Strengths
- Uses multiple confirmations before entering trades.
- Combines momentum, trend, and price action analysis.
- Includes extensive risk management tools.
- Built-in economic news avoidance system.
- No martingale or averaging techniques.
Limitations
- Uses a fixed lot size, regardless of account growth.
- The stop loss is relatively large (recommend calculate the SL and TP by your Money Managemnt System)
- Trading opportunities may be limited because all indicators must agree.
- Performance is highly dependent on market conditions, especially on XAUUSD M5.
