Gold Tight Scalper
- Experts
- Versione: 1.0
- Attivazioni: 5
GOLD Tight Scalper is an automated Expert Advisor developed for trading Gold (XAUUSD) on MetaTrader 5.
The EA uses a symmetrical pending-order strategy based on Buy Stop and Sell Stop orders positioned around the current market price.
When one pending order is triggered, the opposite order is automatically cancelled through an OCO (One Cancels the Other) management system.
GOLD Tight Scalper combines automated entries, dynamic position sizing, Stop Loss, Take Profit, spread protection, trading-session filters and trailing-stop management.
Trading LogicWhen market and session conditions are valid, the EA calculates two pending orders:
BUY STOP – placed above the current Ask price.
SELL STOP – placed below the current Bid price.
The pending-order distance is configurable.
The EA also checks the broker's minimum permitted stop distance and automatically adjusts the effective entry distance when necessary.
This allows the order-placement mechanism to adapt to different XAUUSD contract specifications.
Automatic OCO SystemGOLD Tight Scalper incorporates an automatic One Cancels the Other (OCO) mechanism.
When the Buy Stop is executed:
BUY STOP → BUY POSITION → SELL STOP CANCELLED
When the Sell Stop is executed:
SELL STOP → SELL POSITION → BUY STOP CANCELLED
The EA monitors trade transactions directly to detect an executed entry and remove the opposite pending order.
An additional position-based OCO check provides a secondary layer of order management.
Risk-Based Position SizingGOLD Tight Scalper automatically calculates the trading volume according to:
Account Equity + Selected Risk Percentage + Stop Loss Distance + Symbol Contract Specifications
The calculated volume is adapted according to the broker's:
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Minimum volume
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Maximum volume
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Volume step
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Tick size
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Tick value
This allows position sizing to adapt automatically to the account and XAUUSD contract specifications.
Stop Loss and Take ProfitEvery pending order is created with predefined protection levels.
The trader can independently configure:
Stop Loss Distance
Take Profit Distance
Both parameters are expressed in symbol points.
Because XAUUSD specifications can differ between brokers, users should verify the point size, tick size and contract specifications of their Gold instrument.
Dynamic Trailing StopGOLD Tight Scalper includes automatic trailing-stop management.
Trailing Start Points defines the minimum favorable price movement required before trailing management begins.
Trailing Step Points defines the distance used to reposition the Stop Loss.
The trailing-stop function can be enabled or disabled from the EA settings.
Spread ProtectionGold spreads can change significantly depending on liquidity and market conditions.
Before starting a new pending-order cycle, GOLD Tight Scalper checks the current spread.
If:
Current Spread > Maximum Allowed Spread
the EA waits and does not create a new pair of pending orders.
The maximum accepted spread can be configured by the user.
London and New York Trading SessionsThe EA includes independent trading-session controls for:
London Session
New York / US Session
Each session can be enabled or disabled independently.
Start and end hours are configurable and use the broker's server time.
Outside the enabled trading sessions, the EA removes its remaining pending orders.
Broker-Adaptive Trading ConditionsGOLD Tight Scalper has been designed to work with the trading specifications provided by MetaTrader 5 brokers.
The EA takes several symbol-specific parameters into consideration when calculating and managing trades.
Before using the EA, traders should verify:
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XAUUSD point size
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Tick size
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Tick value
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Minimum trading volume
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Maximum trading volume
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Volume step
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Current spread
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Minimum Stop Level
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Trading-session times
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Rollover periods
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Account leverage
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Margin requirements
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Execution conditions
Several important symbol properties are obtained directly from MetaTrader 5, including minimum stop distance, tick size, tick value and permitted volume parameters.
This helps GOLD Tight Scalper adapt its calculations to different XAUUSD contract specifications.
Recommended Setup ProcedureBefore using GOLD Tight Scalper:
1. Open XAUUSD in MetaTrader 5.
2. Check the XAUUSD contract specifications provided by your broker.
3. Verify the broker server time.
4. Configure the London and New York session hours if necessary.
5. Check the typical XAUUSD spread and configure Max Spread Points accordingly.
6. Verify the minimum Stop Level before using very small pending-order distances.
7. Select an appropriate Risk Percent for the account.
8. Test the selected configuration in the MetaTrader 5 Strategy Tester.
9. Evaluate the EA on a demo account before considering live trading.
Broker trading conditions may vary, so parameters should be adapted to the trading account and XAUUSD contract specifications.
Main Features-
Expert Advisor for MetaTrader 5
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Designed for Gold / XAUUSD
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Automated Buy Stop and Sell Stop strategy
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Automatic OCO order management
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Immediate opposite pending-order cancellation
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Risk-based automatic lot calculation
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Configurable Stop Loss
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Configurable Take Profit
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Dynamic Trailing Stop
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Maximum spread protection
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London session control
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New York session control
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Automatic broker Stop Level adjustment
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Broker volume-step adaptation
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Pending-order expiration
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Configurable cooldown between trading cycles
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Magic Number identification
Trade London
Enable or disable the London trading session.
London Start Hour / London End Hour
Define the London trading window using broker server time.
Trade US
Enable or disable the US/New York trading session.
US Start Hour / US End Hour
Define the US trading window using broker server time.
Distance Points
Distance between the current market price and pending orders.
Stop Loss Points
Initial Stop Loss distance.
Take Profit Points
Take Profit distance.
Cooldown Seconds
Waiting period between trading cycles.
Use Trailing Stop
Enable or disable trailing-stop management.
Trailing Start Points
Minimum favorable price movement before trailing begins.
Trailing Step Points
Trailing Stop distance.
Risk Percent
Percentage of account equity used for automatic position-size calculation.
Max Spread Points
Maximum spread accepted before starting a new trading cycle.
Magic Number
Unique identifier used by the EA to manage its own trades.
Deviation Points
Permitted trade-operation deviation.
GOLD Tight Scalper is an automated trading tool and does not guarantee profits or eliminate trading risk.
XAUUSD can experience rapid price movements, spread expansion, gaps and slippage, particularly around major economic announcements, rollover periods and periods of reduced liquidity.
Stop Loss and Take Profit orders cannot guarantee execution at an exact requested price under all market conditions.
Users should evaluate the EA in the MetaTrader 5 Strategy Tester and on a demo account before using it with real funds.
Trading parameters should be selected according to the broker, account type, XAUUSD contract specifications, account capital and individual risk tolerance.
GOLD Tight Scalper
Automated XAUUSD Pending-Order Trading for MetaTrader 5
BUY STOP • SELL STOP • OCO • RISK MANAGEMENT • TRAILING STOP
