Gold Thief EA
- Experts
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Lorenzo Edward Beukes
7 years experience in Forex, Stock and Futures Trading.
Stargogs From 2nd To NoneFX.
Join My Free telegram Channel here: https://t.me/secondtononefx - Versione: 1.0
- Attivazioni: 5
Gold Thief EA is an Expert Advisor for MetaTrader 5 designed for automated trading on Gold (XAUUSD).
The EA uses price-action and mathematical calculations to identify potential breakout areas. It analyzes market structure using support and resistance price levels and can use different strategy profiles with different entry and exit parameters.
The EA is designed to manage entries, position sizing and trade management automatically, while giving the user control over important risk and trading settings.
Recommended:
- Minimum Deposit: $200
- Recommended Deposit: $500
- Timeframe: H1 or M5
- Default settings or DM for recommended setfiles.
Features:
- No Martingale, No Grid and No Risky Strategies Most EA's Use
- Can be used on Prop Firms
- Every Single Trade is protected with a stop loss
- EA closes losing trades automatically
- Best Support
- Group for the EA
Main Features
Breakout Trading
The EA identifies potential breakout levels and can use pending orders around calculated entry areas. This allows the strategy to participate when price moves beyond a detected market level.
Support and Resistance Areas-Based Analysis
Support and Resistance calculations are used to identify significant price levels. The EA can analyze different timeframes when determining potential trading areas.
Multiple Strategy Profiles
Gold Thief EA contains several internal strategy profiles. Each profile uses its own combination of timeframe settings, breakout conditions, entry distances and trade management parameters.
Risk and Lot Management
The EA provides several options for controlling position size. Users can configure the initial lot size and risk-related settings according to their trading account and strategy preferences.
Lot Size Adjustment
The "Do Not Decrease Lots After Loss" option can keep the lot size from decreasing after a losing trade. This setting can be enabled or disabled according to the user's preferred money management approach.
Stop Loss and Take Profit
The EA automatically manages Stop Loss and Take Profit levels according to the selected strategy profile and configured parameters.
Trailing Stop
The EA includes trailing-stop functionality that can adjust the Stop Loss as the trade develops. A High-Low trailing option is also available for additional trade management.
Break Even
Break-even management can be used to move the Stop Loss after a defined price movement. This allows the user to configure how the EA manages a position after it moves in the intended direction.
Fake Breakout Filter
A configurable fake-breakout filter is included to help evaluate breakout conditions before placing trades.
Pending Order Management
The EA can manage pending orders automatically, including order limits, duplicate-entry protection and pending-order expiration.
News Filter
An optional news filter is available. When enabled, the EA can suspend trading around selected news periods and can be configured to close open trades and remove pending orders around the defined news window.
Spread and Margin Checks
The EA checks trading conditions such as spread and available margin before submitting new trades. This helps prevent trade requests when account or broker conditions do not meet the configured requirements.
Trading Hours
Trading-session controls are available so users can configure when the EA is allowed to operate.
Friday Protection
The EA includes settings for managing trading activity around the end of the trading week.
Dashboard
An optional dashboard displays information directly on the MetaTrader 5 chart. The dashboard can be enabled or disabled and its position, font size and refresh interval can be adjusted.
Backtesting
The EA can be tested using the MetaTrader 5 Strategy Tester. A Fast Backtest option is available to reduce chart and dashboard updates during testing.
Gold Thief EA is intended for users who want an automated breakout trading system with configurable entry, risk and position-management settings.
Recommended Use
The EA is designed primarily for XAUUSD. Broker conditions such as spread, contract specifications, trading sessions, execution rules and available margin can affect trading results.
Before using the EA on a live account, test the available settings with your broker and evaluate the strategy under your own trading conditions.
Risk Warning
Automated trading involves financial risk. Historical testing does not guarantee future results. Use appropriate risk settings and understand the configuration before enabling automated trading.
