Gold Falcon Sniper
- Experts
-
Taweesup Buengkitcharoen
Hello! I'm an algorithmic trader and MQL5 Expert Advisor developer with over 10 years of trading experience in the financial markets. - Version: 1.0
- Activations: 5
PROPRIETARY TREND + PULLBACK ENTRY MODEL | FULLY CONFIGURABLE GRID RECOVERY | INDEPENDENT BUY/SELL CONTROL | BUILT-IN EQUITY DRAWDOWN STOP
Gold Falcon Sniper is a Gold (XAUUSD) Expert Advisor built around a proprietary trend-and-extension entry model, backed by a fully configurable grid recovery basket. Unlike black-box grid EAs, every recovery parameter is exposed and independently tunable for the Buy and Sell side, so you control exactly how aggressive (or conservative) the recovery behavior is, instead of inheriting a fixed, hidden martingale curve.
Entry Logic
The EA continuously evaluates the prevailing trend direction using its internal algorithm, then times entries as price reaches a statistically extended zone against that trend - buying
stretched dips in an uptrend, selling stretched spikes in a downtrend. If price continues against the basket, the grid recovery system steps in under rules you define.
Independent Buy & Sell Control
Every core setting exists twice - once for Buy, once for Sell - so the two sides can run completely different risk profiles, or you can disable one side entirely and run the EA as a one-
directional system.
| Setting | Configurable per side |
|---|---|
| Enable / disable entries + grid | YES |
| Grid step (price distance) | YES |
| Max orders per basket | YES |
| Basket target profit (price distance from average entry) | YES |
| Trailing stop (trigger + trail distance, count-scaled or plain price) | YES |
Money Management - 3 Lot Sizing Modes
- Fixed Lot - a constant lot size on every first entry
- Risk % - position size calculated from account equity and grid step
- Balance Step - lot size increases in defined steps as account balance grows (e.g. 0.01 lot per $500 balance), fully configurable
Risk Controls
- Equity drawdown stop - closes all positions and enters a cooldown period if floating drawdown exceeds a set percentage
- Trade time window filter, with a separate Friday cutoff
- Weekday enable/disable filter, with an automatic exception for the Monday following NFP
- No-trade blackout window (e.g. avoid a specific low-liquidity hour)
- News filter using MetaTrader 5's built-in Economic Calendar - blocks new entries around high-impact events for a configurable currency and time window before/after
On-Chart Panel
Live basket count and floating P/L for both Buy and Sell, current drawdown, running status, and cooldown state - always visible at a glance.
Setup Requirements
- Symbol: XAUUSD (Gold)
- Timeframe: H1
- Account type: Hedging (required - the EA manages Buy and Sell baskets independently)
- Broker: ECN/low-spread recommended - grid step and entry timing are price-sensitive
- VPS: Recommended for uninterrupted operation
- Minimum deposit: $1500 (Recommended: $2500)
DISCLAIMER: Automated trading involves risk, including the risk of loss exceeding your initial deposit when using grid-based recovery strategies. Test thoroughly on a demo account before live use. Past performance does not guarantee future results.
