Gold Star Pro EA

Setup Guide & User Documentation (MetaTrader 5)

GoldStar Pro is an advanced MetaTrader 5 Expert Advisor (EA) designed for structured, risk-controlled automated trading.

🔹 Core Features

• Smart Trailing Stop System

• Breakeven Protection

• High-Impact News Avoidance Filter

• Advanced Pattern Recognition Engine

• Compound Risk Management (Balance-Based Position Sizing)

• Emergency Drawdown Protection

Step 1 – Install the EA File

1. Open MetaTrader 5

2. Click File → Open Data Folder

3. Navigate to:

   MQL5 → Experts

4. Copy GoldStar_Pro_EA.mq5 into this folder

Step 2 – Compile the EA

1. Press F4 to open MetaEditor

2. Locate GoldStar_Pro_EA.mq5 in Navigator

3. Double-click to open

4. Press F7 to compile

5. Confirm “0 Errors” in the log

Step 3 – Attach to Chart

1. Open a chart

   • Recommended: XAUUSD (Gold)

   • Recommended timeframe: H1

2. Open Navigator → Expert Advisors

3. Drag GoldStar_Pro_EA onto chart

4. Adjust input settings

5. Click OK

Step 4 – Enable Algo Trading

1. Click AutoTrading button (must be green)

2. Confirm smiley face appears in top-right corner of chart

🔹 Risk Management

🔹 Trailing Stop & Breakeven

🔹 News Filter

Prevents trading during economic news events.

🔹 Pattern Recognition

GoldStar Pro scans for:

• Triangle Breakouts

• Flag Continuations

• Double Bottom / Double Top

• Support & Resistance Breakouts

🔹 Trading Sessions

🔹 Display Settings

1️⃣ Trade Entry Logic

Triangle Breakout

• Detects contracting price structure

• Enters on breakout confirmation

Flag Continuation

• Identifies trend + consolidation

• Enters in trend direction

Double Bottom / Top

• Detects reversal structure

• Enters after confirmation break

Support / Resistance Breakout

• Identifies key price levels

• Enters on strong momentum break

2️⃣ Position Sizing Formula

Risk Amount = Account Balance × (RiskPercent / 100) Position Size = Risk Amount / (Stop Distance × Pip Value)

This ensures:

• Compounded growth

• Controlled exposure

• Consistent percentage risk

3️⃣ Trade Management Flow

Trade Opens ↓ Price moves in profit ↓ BreakevenPips reached → Stop moves to entry + buffer ↓ TrailingStartPips reached → Trailing activates ↓ Price continues → Stop follows at defined distance ↓ Price reverses → Stop hit → Profit secured

4️⃣ Emergency Protection

If drawdown exceeds MaxDrawdownPercent:

• All open trades close immediately

• EA pauses trading

• Alert notification triggered

Account ($1,000 – $10,000)

RiskPercent: 1 MaxDailyTrades: 8 TrailingStopPips: 30 BreakevenPips: 15

Large Account ($10,000+)

RiskPercent: 0.5 – 1 MaxDailyTrades: 10 TrailingStopPips: 30 BreakevenPips: 15

=== RISK MANAGEMENT === RiskPercent: 1 MaxDrawdownPercent: 10 MaxDailyTrades: 6 === TRAILING STOP === TrailingStopPips: 15 TrailingStepPips: 5 TrailingStartPips: 10 BreakevenPips: 8 BreakevenPlusPips: 2 === TRADING SESSION === StartTime: 07:00 EndTime: 16:00

EA Not Trading

• Check AutoTrading is enabled

• Verify session time settings

• Confirm news filter not blocking

• Ensure MaxDailyTrades not reached

No Smiley Face

• Right-click chart → Expert Advisors → Allow Algo Trading

• Tools → Options → Expert Advisors → Enable all boxes

Compilation Errors

• Update MT5 to latest version

• Ensure file is in:

      MQL5 → Experts
  

• Recommended Timeframes: H1, H4

• Recommended Instruments: XAUUSD, Major Forex Pairs

• Recommended Broker: ECN/STP with low spreads

Trading Forex and CFDs carries substantial risk.
Past performance does not guarantee future results.

Trade responsibly and only risk capital you can afford to lose.

v1.00 – Initial release with full feature set

If issues occur:

1. Check MT5 “Experts” tab for errors

2. Confirm input parameters are correctly configured

3. Verify broker compatibility

GoldStar Pro EA — Trade Smart. Protect Capital. Scale Consistently. ⭐