BuildTheCapital EA
- Experts
- Version: 1.34
- Activations: 5
Overview
BuildTheCapital EA is an Expert Advisor for gold (XAUUSD) on the one-minute chart in MetaTrader 5. It is designed and tested for hedging accounts.
How it works
The Expert Advisor looks for short-term overbought and oversold moments with the Relative Strength Index. It only trades in the direction of the trend, which it measures with a moving average on the fifteen-minute chart. If the price moves against a position, the Expert Advisor can add positions at fixed distances. A trailing stop closes the sequence when the price moves back.
Risk management
- The lot size grows with the account balance: 0.01 lot for every 750 of balance.
- An emergency stop closes a sequence when its loss reaches 25% of the balance. Trading then pauses for the rest of the day.
- An equity stop closes all positions at a loss of 30% of the equity at the start of the day.
- A daily target stops new trades for the day once it is reached. The target is a limit, not an expected result.
- A news filter pauses new trades around important United States news. This uses the built-in MetaTrader 5 economic calendar and only works in live trading.
- The Expert Advisor does not trade on Friday and closes all positions on Friday evening.
Settings
All settings are grouped by topic and explained in the included manual. A set file with the recommended settings is included.
Information on screen
A panel on the chart shows the balance, profit per period, statistics, costs, the level of the emergency stop and the next news event.
Risk notice
Trading gold with leverage carries a high risk. A grid strategy can have large temporary losses, and in the strategy tester the equity drawdown reached about 29%. The screenshots show results from the strategy tester. Past results, in a test or in live trading, do not predict future results. Test the Expert Advisor on a demo account first and only trade with money you can afford to lose.
