MelloPlaybook Gold Strategy Sets EA
- Experts
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Ritthanong Chimpa
Algorithmic trading focused on survival, not speed.
AURORA PRIME is not designed for fast profit.
It is designed for survival, stability, and long-term capital preservation.
This system was built under the philosophy that:
“Staying alive in the market is already a win.” - Versione: 1.0
- Attivazioni: 10
Five rule-based strategy sets built from the Mello indicators, in one Expert Advisor for gold (XAUUSD). Closed M15 bars, one position at a time, a stop, a target and a time exit on every trade.
MelloPlaybook runs the combinations of Mello tools that tested best together on gold as automatic rules. Each set has one entry event and one or two filters, decided on closed M15 bars. The tools it needs are built into the EA, so you do not need to buy them separately.
The five sets
- B (default) VWAP reclaim with the higher trend: a bar closes back across the session VWAP while MelloTrend on H1 and H4 points the same way. Stop 1.5 x ATR(14, M15), target 2R, time exit after 48 bars.
- A New trend with currency strength: MelloTrend on M15 turns to the buy or sell side, the MelloStrength gap between the two currencies (for gold: XAU minus USD, H1) is at least 0.5 in that direction, and the MelloEntryLight light of that side is yellow or green. Only 07:00-17:00 GMT and when the average M15 ATR is at least 0.13% of price. Stop 0.75 x ATR, target 2.5R, time exit after 24 bars.
- C (experimental) Regular divergence from three or more oscillators with MelloTrend H1.
- D (experimental) Trend line retest with MelloTrend H1 and H4.
- E (experimental) Entry light turning green with MelloTrend M15 and H4.
C, D and E use a 1.5 x ATR stop, a 2R target and a 48-bar time exit.
How it trades
- Signals are read only from closed bars, and the trade opens at the start of the next M15 bar. Signals use M15 bars whatever the chart timeframe.
- One position at a time per chart and magic number. No grid, no martingale, no averaging, no hedging.
- Lot from a risk percentage of the balance and the stop distance. If the risk is smaller than the broker's minimum lot, the EA does not trade on a live account and says so in the status line.
- Daily loss limit (default 3% of the day-start balance).
- By default it trades gold only on live accounts. Any symbol can be tested in the Strategy Tester.
Test results (please read)
- Results come from the MT5 Strategy Tester with real ticks, XAUUSD M15, August 2022 to October 2026, with 1% risk per trade. They are not live trading and there is no live record yet. Real spreads, slippage and execution will differ.
- Set B: +97R over 626 trades, positive in 4 of 5 periods (August-December 2022: -2.5R), maximum drawdown 17%. Set A: +79R over 206 trades, positive in all 5 periods, maximum drawdown 11%. Set C +58R, set E +45R, set D +35R, each with at least one losing period (see the results picture).
- The sets were picked from 1,032 tested combinations, so these results are likely better than what you will get. Every set had losing periods.
- On EURUSD, which was not used to choose the sets, every set lost, even before costs. Use it on gold only unless your own tests say otherwise.
Inputs
Strategy set, use the tested values (exits and gates of the set), gold only, risk per trade (default 0.5%), lot cap, maximum spread, daily loss limit, manual exit and gate values (used when the tested values are off), set A window (GMT) and strength gap, add the set's tools to the chart, status panel, magic number, order comment.
Recommendations
Start on a demo account. Use 0.25-0.5% risk per trade. Run one set per chart; if you run several sets, use different magic numbers and lower the risk. The EA has no news filter.
Important
This software does not promise any result. Trading leveraged products involves a high risk of loss. Only trade with money you can afford to lose.
Support is provided through the comments on this page and MQL5 messages.
