JKGoldenRock

JK-GoldenRock — Trend Following Expert Advisor for MetaTrader 5

Overview

JK-GoldenRock is an automated trend following Expert Advisor for MetaTrader 5. It reads the market direction on the current chart, determines an entry level from the recent price range once the direction is confirmed, and attaches a complete set of stop loss, take profit and position management functions to every position it opens.
The EA runs on a single symbol and a single chart timeframe. It holds one position at a time and only recognizes positions, pending orders and history records carrying its own magic number, so it does not interfere with other Expert Advisors or manual trades on the same account. All evaluations are made on closed bars. Once a direction is confirmed it stays fixed, it does not alternate while the current bar is still open and it is not redrawn afterwards.
The product is pure MQL5. It calls no external DLL, does not use WebRequest, requests or uploads no personal data, and displays no advertising or third party links on the chart. During operation it uses only the standard MQL5 library and the indicators shipped with the terminal.
Suitable markets: any chart available in the terminal, including Forex, metals, indices and CFDs. All parameters expressed in points must be recalculated according to the number of digits of the traded symbol, as explained below.

Input Parameters

Basic Settings

Parameter
Default
Description
InpMagic
20260814
Magic number used to identify positions and orders of this EA. Must differ between instances running on the same account
InpBaseLot
0.01
Base lot used for regular entries
InpReversalLotMult
2.0
Lot adjustment multiplier. When active, the next entry size becomes base lot multiplied by this value under certain conditions

Entry Mode

Parameter
Default
Description
InpEntryMode
0
Entry method. 0 = pending order, 1 = market order

Risk Control

Parameter
Default
Description
InpMaxConsecLoss
0
Maximum number of consecutive adverse results. New entries pause at the limit. 0 = no limit

Pending Order Entry

Parameter
Default
Description
InpDonchianBars
5
Number of recent bars used as the entry reference. Determines how wide the reference range is
InpPendingOffset
100
Entry offset in points. A larger value places the pending order further away from the reference boundary

Chart Display

Parameter
Default
Description
InpShowDonchian
true
Draw the recent price range and its numeric labels on the chart

Signal Settings

Parameter
Default
Description
InpFastEMA
5
Fast period of the direction detection. A smaller value makes direction changes more sensitive
InpSlowEMA
10
Slow period of the direction detection. Both periods together define how smooth the direction reading is
The condition is 1 ≤ fast period < slow period, otherwise the EA refuses to load. Both periods apply to the current chart timeframe.

Stop Loss / Take Profit

Parameter
Default
Description
InpSLPoints
100
Fixed stop loss distance in points. Must be greater than zero
InpTPPoints
1000
Take profit distance in points. Must be greater than zero

Adaptive Structure Stop Loss

Parameter
Default
Description
InpUseZigSL
false
Use the adaptive structure stop loss instead of the fixed point stop loss
InpZigPath
Examples\ZigzagColor
Path of the built in indicator used to identify the price structure
InpZigDepth
12
Structure detection sensitivity parameter 1
InpZigDev
5
Structure detection sensitivity parameter 2
InpZigBack
3
Structure detection sensitivity parameter 3
InpFibLockSkip
1
Offset used to select the reference structure segment. A larger value refers to an earlier structure
InpFibSLPercent
-23.6
Percentage position of the stop loss inside the reference structure, negative values allowed. Must not be zero when enabled

Delayed Stop Loss

Parameter
Default
Description
InpDelaySL
false
Enable the delayed stop loss
InpDelaySLBars
5
Number of bars after entry without a stop loss. Only the take profit is attached during this period

Trailing Stop

Parameter
Default
Description
InpTrailTrigger
150
Floating profit in points, measured from the best price reached, required to activate the trailing stop
InpTrailGap
50
Distance between the best price reached and the trailing stop, in points

Position Management

Parameter
Default
Description
InpTimeoutBars
120
Number of bars after which an open position is closed at market
InpReverseClose
true
Close the position when the detected direction turns against the position direction

Trading Session

Parameter
Default
Description
InpUseTimeFilter
false
Enable the trading session filter. Affects new positions only
InpTradeStart
09:30
Start of the allowed entry window, HH:MM in server time
InpTradeEnd
23:30
End of the allowed entry window, HH:MM in server time
Start and end must not be equal. If start is later than end, the window crosses midnight.

Info Display

Parameter
Default
Description
InpShowComment
true
Show the information panel in the upper left corner
InpCommentDays
7
Number of history days shown in the panel

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Benicanoko
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Vladimir Lekhovitser
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