Fire Horse Gold Pyramid Mt5

Fire Horse Gold Pyramid Mt5

Expert Advisor for XAUUSD (Gold) focused on trend continuation and pyramiding with decreasing risk.
Uses H1 EMA trend filter, breakout entries, and dynamic swing-based Stop Loss management.

Overview

Fire Horse Gold Pyramid Mt5 is an Expert Advisor designed for traders who want a clear, rule-based approach instead of emotional decision-making.

The EA automates key trading actions:

• trend filtering,

• breakout entries,

• Stop Loss management,

• risk control for sequential entries.

It is especially useful for traders who struggle with:

• closing trades too early,

• moving Stop Loss impulsively,

• entering too early or too late,

• inconsistent execution.

The EA follows a fixed logic and helps maintain discipline.

Strategy Logic

Fire Horse Gold Pyramid Mt5 is a trend-following BUY-only EA optimized mainly for XAUUSD (Gold).

1) Trend Filter (EMA H1)

    The EA opens trades only when price is above EMA on H1 timeframe.

2) Entry Signal (HH Breakout)

    The EA detects the local highest high (HH) within the LookBack range.
    A breakout above that level is treated as a continuation signal.

3) Dynamic Stop Loss (Swing Low)

    Stop Loss is based on the local swing low (LL) and is updated according to market structure.

4) Pyramiding with Decreasing Risk

    The EA can add positions in trend direction, while each next entry uses lower risk than the previous one.

5) Sequence Reset

    If market structure becomes invalid (new LL drops below the protection level), the EA closes positions and resets the cycle.

Best Use

Recommended symbol: XAUUSD (Gold)
Recommended timeframe: H1 or H4
Trend filter: EMA from H1
Recommended LookBack: 50

The EA performs best in trending / momentum market conditions.

Main Advantages

• market structure logic (HH / LL),

• higher timeframe trend filter (EMA H1),

• automatic Stop Loss management,

• pyramiding with decreasing risk,

• reduced impulsive decisions and overtrading,

• simple and practical settings.

Input Parameters

Trend and Signal

• LookBack – number of bars used to detect HH/LL (recommended: 50 for Gold)

• EMA_Period – EMA period 

• EMA_TF – EMA timeframe (recommended: H1)

Positions

• MaxPositions – maximum number of positions in one sequence

• MagicNumber – EA position identifier

Risk

• RiskFirstPercent – risk for the first entry (% of equity)

• RiskFactor – risk reduction factor for next entries

Technical

• Slippage – allowed price slippage

Recommended Starting Settings (XAUUSD)

• LookBack = 50

• MaxPositions = 5

• EMA_Period = 25

• EMA_TF = H1

• RiskFirstPercent = 1.0

• RiskFactor = 0.5

Important

• EA works in BUY-only mode

• best performance is expected in trending markets

• always test settings in Strategy Tester before using on a live account

Disclaimer

Trading involves risk.
This Expert Advisor does not guarantee profit. Always use proper risk management.