GoldCutTer

GoldCutTer EA – Smart Grid Recovery System

GoldCutTer EA is an advanced grid-recovery Expert Advisor designed for XAUUSD (Gold) trading on MetaTrader 5. It combines EMA/RSI entry signals with an intelligent martingale grid and a unique "CutTer" partial-close mechanism that trims losing layers against profitable ones — reducing drawdown faster than traditional grid systems.

Core Strategy

The EA enters trades based on EMA crossover positioning and RSI oversold/overbought levels. When price moves against a position, it builds a martingale grid with configurable layer spacing. Once 5+ orders accumulate, the CutTer engine activates — closing the oldest losing position(s) paired with the newest profitable one when their combined P/L hits a target. This steadily reduces grid exposure without waiting for a full recovery.

Why GoldCutTer? ✅ Not just another grid EA — the CutTer engine actively reduces exposure instead of waiting and hoping ✅ Multiple safety layers: equity stop, drawdown kill switch, daily P/L limits, max lot cap ✅ Fully transparent — every input exposed, no hidden logic ✅ Built and battle-tested on XAUUSD volatility

Features

• Spread filter — skips entries during high-spread conditions
• Time filter — avoid rollover hours and weekend gaps
• Max orders cap — limit martingale depth to control risk
• Max lot cap — hard ceiling on position sizing
• Break-even — moves SL to entry + lock points after reaching profit threshold
• New-bar entry filter — reduces noise entries on lower timeframes
• ATR-based dynamic distance — adapts grid spacing to volatility
• Distance growth per layer — widens gaps deeper in the grid
• Daily profit/loss limit — auto-stops trading after hitting daily target or max loss
• Equity hard stop — emergency close-all if equity drops below threshold
• Max drawdown protection — percentage-based drawdown kill switch
• Three TP modes: Trailing Stop, Close All, or Partial Close + Trail
• Auto lot sizing — risk-based position sizing as percentage of balance
• Auto TP scaling — profit targets scale with lot size and layer count
• Two CutTer modes: Mode 3 (cut first 2 + last) and Mode 2 (cut first + last)
• On-chart dashboard with real-time stats: balance, equity, drawdown, spread, daily/monthly P/L, average entry prices, order count, and status

Recommended Setup

• Symbol: XAUUSD (Gold)
• Timeframe: M5 or M15 (M15 Recommended)
• Account type: Hedge
• Minimum balance: $100+ (cent account) or $1,000+ (standard)
• Broker: Low spread, fast execution, ECN preferred
• VPS recommended for 24/5 operation

Risk Warning This EA uses a martingale-based grid strategy. While the CutTer mechanism and multiple safety layers help manage risk, martingale systems carry inherent drawdown risk. Always test on demo first, use proper capital management, and never risk more than you can afford to lose.

All inputs are fully customizable — every parameter is exposed so you can adapt the EA to your risk tolerance, account size, and broker conditions.