Yellowrich Gold Price Action

Overview

Yellowrich Gold Price Action is an automated Expert Advisor for MetaTrader 5, designed for traders who want to trade Gold (XAUUSD) using price action and trend-filtering techniques.

The EA combines candlestick pattern recognition, market structure analysis, and EMA trend filtering to identify potential trading opportunities.

Key Features

• Price Action Analysis: Supports engulfing patterns, pin bars/rejection candles, and inside-bar breakouts.

• Market Structure: Uses Break of Structure (BOS) and liquidity-sweep confirmation.

• Trend Filter: Configurable fast and slow trend EMAs.

• BUY and SELL: Both trading directions can be enabled or disabled.

• Stop Loss Management: Configurable stop-loss buffer beyond the signal candle.

• Break-Even: Automatically moves the Stop Loss according to the configured initial-risk multiple.

• Trailing Stop: Can trail the Stop Loss after the break-even trigger.

• Daily Limits: Can stop opening new trades after the configured daily profit or loss limit is reached.

• Risk Controls: Configurable lot size, maximum spread, and maximum price deviation.

Default Configuration

• Signal timeframe: M1

• Trend filter: Enabled

• Fast trend EMA: 7

• Slow trend EMA: 125

• Maximum spread: 80 points

• Break-even trigger: 0.1R

• Trailing distance: 0.05R

• Daily profit limit: 3,000 account-currency units

• Daily loss limit: 3,000 account-currency units

These are the EA's default input values. Users can adjust supported parameters to suit their broker and trading preferences.

Lot Size and Risk Warning

The default lot size is 1.00 lot. Users must review and adjust the lot size before enabling automated trading. A 1.00-lot Gold position can create substantial losses, particularly on small accounts.

Daily limits control new entries according to the EA's settings and do not guarantee that losses will remain within the specified amount. Slippage, gaps, execution conditions, and open positions may affect the actual result.

Installation

1. Purchase and download the EA from the MQL5 Market.

2. Open MetaTrader 5 and install the Expert Advisor.

3. Attach the EA to the appropriate Gold chart.

4. Review all input settings, especially lot size, spread, daily limits, and Stop Loss management.

5. Test on a demo account before using it on a live account.

Important Notice

Trading Gold and other financial instruments involves significant risk. Backtest results and historical performance do not guarantee future results. Always use appropriate risk management and trade only with money you can afford to lose.

Yellowrich Gold Price Action is a trading tool, not a guarantee of profit. The user is responsible for all trading decisions and account risk.