Ronex Gold

Ronex Gold is an automated trading system designed for Gold (XAUUSD) and major currency pairs. The EA uses a multi-filtered scalping approach to identify entries at dynamic support and resistance zones.

It is designed to adapt to market conditions and is fully compliant with MQL5 Market validation requirements. It includes both a conservative Single Position Mode and a Grid Recovery Mode with basket management features.

Key Features

• Flexible Trading Modes: Toggle between single trade execution with fixed Stop Loss/Take Profit and an advanced grid recovery system.
• Multi-Filter Trend Protection: Integrates multiple technical filters to measure trend strength and momentum, designed to block entries during high-volatility market breakouts.
• Basket Trailing Stop: Trails the net average break-even price of open grid positions as a group to lock in profits during market retracements.
• Account Safeguards: Features equity drawdown protection (percentage-based cut-off) and a hard equity limit that immediately closes open positions and halts trading when breached.
• News Filter: Built-in news filter utilizing manual time inputs (HH:MM broker time) to prevent trading during high-impact economic news releases.
• Margin Protection: Automatically suspends new entries if the account margin level falls below your specified safety threshold.
• Broker Adaptability: Fully compatible with both Hedging and Netting account modes. The EA automatically disables the grid and enforces single trade execution on Netting accounts.

Recommendations

• Trading Pair: XAUUSD (Gold) or major currency pairs.
• Timeframe: M5(recommended) or M15.
• Account Type: ECN, Low Spread.
• VPS: Low latency Virtual Private Server is recommended.
• Minimum Balance: $1000 for Single Position Mode, $1000-$2000for Grid Recovery Mode.

Key Technical Parameters

1. Core Parameters

• EnableRecovery: Toggles between Grid Recovery (true) and Single Position (false).
• FixedLotSize: Starting trade volume.
• TakeProfitPts / StopLossPts: Take profit and stop loss targets in points.
• MagicNumber: Unique identifier for the EA's trades.

2. Grid Recovery Settings (Hedging Accounts Only)

• UseATRDistance: Enables dynamic ATR-based spacing.
• FixedDistance: Grid spacing in points when ATR is disabled.
• ATRDistanceMult: Multiplier for ATR spacing.
• LotMultiplier: Volume multiplier for subsequent grid levels.
• MaxBasketTrades: Maximum allowed open positions in the basket.

3. Basket Trailing Stop

• UseBasketTrailing: Enable trailing exit target for the trade basket.
• TrailingStartPts: Profit threshold in points to activate trailing.
• TrailingStopPts: Trailing distance behind the price.
• TrailingStepPts: Minimum step size to update trailing.

4. Account Protection

• EnableEquityProtection: Enable drawdown limits.
• MaxDrawdownPercent: Maximum equity drawdown allowed before closing all trades.
• HardEquityLimit: Minimum equity level required to keep trading.
• BlockTradingAfterHit: Halts trading after a protection trigger.

5. Confirmation Filters

• Indicator Filters: Toggle, periods, and levels for RSI, Stochastic, ADX, and CCI confirmation filters.