ApexStrat

N-Candles Gold Strategy – Expert Advisor for XAUUSD (MT5)

N-Candles Gold Strategy is an automated Expert Advisor developed for trading XAUUSD on MetaTrader 5.
The Expert Advisor is designed to operate on the H1 timeframe and uses price-based logic without relying on standard technical indicators.

The trading logic is based on internal market structure analysis and volatility conditions.
The Expert Advisor evaluates price movement characteristics to determine potential entry zones and avoids trading during unfavorable market conditions.

The Expert Advisor executes trades automatically according to predefined internal rules and does not require manual intervention during operation.

Trading Logic Overview

The Expert Advisor performs the following tasks:

  • Evaluates directional price behavior

  • Filters low-volatility and ranging market conditions

  • Operates only when new price formations are detected

  • Maintains a single open position at a time

Two internal operational modes are used to adapt behavior depending on detected market conditions.

Risk Management

Risk management parameters are fully configurable:

  • Dynamic position sizing based on account balance and selected risk percentage

  • Optional fixed lot size mode

  • Automatic Stop Loss and Take Profit calculation

  • Configurable Risk/Reward ratio

Each trade is calculated independently to control exposure.

Execution and Control

The Expert Advisor includes the following control mechanisms:

  • Optional trading time filter

  • One-position-at-a-time logic

  • Protection against overlapping positions

  • Dedicated Magic Number

The Expert Advisor complies with MetaTrader 5 execution rules.

Usage Notes

  • Instrument: XAUUSD

  • Timeframe: H1

  • Low spread accounts are recommended

  • VPS usage is recommended for stable execution

The Expert Advisor should be tested in the Strategy Tester or on a demo account before live usage.

Disclaimer

Trading involves risk.
Past performance does not guarantee future results.
The Expert Advisor does not guarantee profitability.


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Simon Reeves
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3.94 (34)
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Prop Firm Ready! Chiroptera is a non-martingale, non-grid, multi-currency Expert Advisor that operates in the quiet hours of the night. It uses single-placed trades (of all 28 pairs!) with tactically placed Take Profits and Stop Losses, that are continuously adjusted to maximize gains and minimize losses. It keeps track of past and upcoming news reports to ensure impacts are minimized and carefully measures real-time volatility to prevent impacts due to unpredictable geo-political disturbances c
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Sejro Toussaint Boco
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