Gold SR Scalper EA
- Experts
- Version: 13.21
- Activations: 5
GOLD SR SCALPER EA
Gold SR Scalper EA is an Expert Advisor for MetaTrader 5 that automates a Support and Resistance trading approach based on daily price levels. It is designed for Gold (XAUUSD) and provides several methods for calculating daily Support and Resistance levels.
STRATEGY
The EA calculates daily Support and Resistance levels using data from the previous daily candle.
The available calculation methods are:
Standard
Fibonacci
Camarilla
Woodie
The calculated levels include:
R3
R2
R1
Main
S1
S2
S3
The EA monitors price in relation to these levels and executes trades according to the selected trading method and input parameters.
TRADE LOGIC
The trading logic is based on predefined daily Support and Resistance levels.
When the required trading condition occurs, the EA can open a position automatically.
Stop Loss and Take Profit are managed according to the configured parameters and the selected trading logic.
The EA can use the next relevant Support or Resistance level as a Take Profit level.
The EA is designed to manage one position according to its programmed rules.
CALCULATION METHODS
Standard
Uses a standard Pivot Point calculation to determine the daily levels.
Fibonacci
Uses Fibonacci-based calculations for the Support and Resistance levels.
Camarilla
Uses the Camarilla calculation method to determine the daily levels.
Woodie
Uses the Woodie calculation method to determine the daily levels.
MAIN FEATURES
Automated Support and Resistance calculation
Four calculation methods
Seven daily price levels
Automatic trade execution
Configurable Stop Loss
Configurable Take Profit
Next-level Take Profit option
One-position management
No Martingale
No Grid
No averaging of losing positions
No external DLL required
MARKET AND TIMEFRAME
The EA is designed primarily for Gold (XAUUSD).
The EA can be tested on different MetaTrader 5 symbols and timeframes. Actual trading results may vary depending on the symbol specification, broker conditions, spread, execution and selected settings.
SETTINGS
The EA provides configurable parameters for trading and risk management.
Users should test the available parameters in the MetaTrader 5 Strategy Tester and on a demo account before using the EA on a live account.
BACKTESTING
The EA can be evaluated using the MetaTrader 5 Strategy Tester.
For meaningful testing, use the same symbol, timeframe, trading conditions and input parameters shown in the corresponding test report.
Backtest results are historical or simulated results and do not represent actual live trading performance. They should not be considered a guarantee of future results.
RECOMMENDED USE
Before live trading, it is recommended to:
-
Test the EA in the MetaTrader 5 Strategy Tester.
-
Check the trading behavior with your broker.
-
Test the EA on a demo account.
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Review the spread, commission and execution conditions.
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Select trading parameters appropriate for your account and risk tolerance.
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Monitor the EA before considering live trading.
IMPORTANT INFORMATION
Gold can experience significant price movements and changing market conditions. Trading results can therefore differ between brokers, accounts and testing environments.
The EA does not guarantee profits or a particular level of trading performance.
Past performance and backtest results do not guarantee future results.
Users are responsible for selecting appropriate trading settings and managing their own trading risk.
SUPPORT
For questions, bug reports and product-related assistance, please use the MQL5 Market comments and messaging system.
VERSION INFORMATION
Current product version: 13.21
The EA may receive updates to improve functionality, correct errors or modify existing features.
