Ghost Rider Trend EA

GhostRider Trend EA — Latest Upgrades

Adaptive Scaling

The EA now features a fully customizable Adaptive Scaling system, allowing the trader to define the required account balance for each lot-size level.

• Automatically adjusts lot size as account balance increases.
• Balance thresholds are fully configurable.
• Enables the EA to scale position sizing progressively with account growth.
• Designed to provide a structured approach to scaling while maintaining control over exposure.
• Removes the need to manually change lot sizes as the account grows.

Updated Embedded News History

The EA’s embedded US economic news history has also been updated and expanded.

• Updated historical news data covering the backtesting period.
• Incorporated additional high- and medium-impact US economic events.
• Improves the EA’s ability to respect its built-in news protection during historical testing.
• Provides a more comprehensive historical news database for backtesting and validation.

Overall Upgrade

These updates improve the EA's scaling flexibility and historical news protection, while keeping the core trading strategy intact.

Recommended Settings

Recommended starting settings for XAUUSD:

• Base Lot: 0.01
• Maximum Lot: 100
• Initial Trend Timeframe: H1
• EMA Trend Filter: Enabled
• EMA Timeframe: H1
• EMA Period: 200
• Real Trade Every N Ghosts: 5
• Recovery Start: 2 pips
• Pending Trail Distance: 1 pip
• Maximum Spread: 3 pips
• Real Basket TP: 1 pip
• Virtual Basket TP: 4 pips
• ATR New-Cycle Filter: Enabled
• ATR Timeframe: M15
• ATR Period: 14
• Maximum ATR for New Cycle: 12
• Trading Session: 07:00–22:00
• USA High-Impact News Filter: Enabled
• USA Medium-Impact News Filter: Enabled
• News Stop/Resume: 120 minutes before and after
• Daily Profit Lock: Disabled by default
• Monthly Profit Lock: Disabled by default
• Equity Protection: Disabled 

These settings are provided as a recommended starting configuration. Traders should adjust lot size and risk-related parameters according to their account balance, broker conditions and individual risk tolerance. Always test the EA on a demo account before using it on a live account.

Ghost Rider Trend EA

Ghost Rider Trend EA is an automated XAUUSD trading system built around trend filtering, virtual recovery and selective real-trade execution.

The EA is designed to follow the prevailing market direction while using a virtual recovery structure to manage potential entries without immediately placing every recovery step as a live trade.

This gives traders control over how frequently virtual recovery events are converted into real market positions.

TREND-BASED TRADING

Ghost Rider Trend EA uses a dedicated trend engine to determine the permitted trading direction.

When the trend is bullish, the EA focuses on buy cycles.

When the trend is bearish, the EA focuses on sell cycles.

The EA is designed to avoid opening new cycles against the detected trend.

An optional EMA filter can also be used to provide additional directional confirmation.

Trend settings include:

• Configurable trend timeframe

• Configurable EMA period

• Optional EMA filter

• Strong-trend confirmation

VIRTUAL RECOVERY SYSTEM

One of the key features of Ghost Rider Trend EA is its virtual recovery architecture.

Instead of placing every recovery entry directly into the market, the EA can create virtual recovery trades as price moves through the recovery sequence.

These virtual trades are used to track the recovery structure.

The trader can then decide how frequently a virtual trade is converted into a real market position.

For example, with:

Real Trade Every N Ghosts = 5

the EA can use the configured fifth virtual recovery event as the trigger for real-trade execution.

This parameter is fully configurable.

BASKET MANAGEMENT

Ghost Rider Trend EA manages virtual and real baskets separately.

The EA provides configurable:

• Virtual basket take profit

• Real basket take profit

• Recovery distance

• Maximum recovery events

• Real-trade execution frequency

• Currency-based basket profit target

This allows the trader to determine how the recovery structure and live market exposure are managed.

ATR VOLATILITY FILTER

The EA includes an ATR-based volatility filter designed to prevent new cycles from being started when market volatility exceeds the configured threshold.

Default configuration:

ATR Period: 14
ATR Timeframe: M15
Maximum ATR for New Cycle: 12

The ATR protection can also be configured to close an existing virtual cycle when the volatility threshold is reached, depending on the selected settings.

SESSION FILTER

Ghost Rider Trend EA includes a configurable trading-session filter.

The trader can specify the hours during which new trading cycles are permitted.

For example:

07:00 – 22:00

The session filter controls the opening of new cycles while existing positions can continue to be managed by the EA's basket-management logic.

Session times are based on the brokers time on the chart.

ECONOMIC NEWS FILTER

The EA includes a USA economic-news filter designed to restrict new trading cycles around important economic events.

The filter supports configurable:

• High-impact news

• Medium-impact news

• Minutes before news

• Minutes after news

Historical news data can also be used for backtesting.

SPREAD PROTECTION

Ghost Rider Trend EA includes a maximum-spread filter.

When the current spread exceeds the configured maximum, the EA can prevent new entries until market conditions return within the permitted range.

PROFIT PROTECTION

The EA includes configurable profit-management features such as:

• Basket profit target

• Daily profit lock

• Monthly profit lock

• Optional equity protection

These features allow the trader to define additional limits around the EA's operation.

CHART VISUALISATION

Ghost Rider Trend EA can display important elements of the virtual trading structure directly on the chart.

Depending on the selected settings, the chart can display:

• Virtual trade levels

• Virtual basket TP

• Candidate trade levels

• Trailing levels

• Recovery information

The colours used by the EA can be configured through the input settings.

XAUUSD

Ghost Rider Trend EA is primarily designed for XAUUSD (Gold).

It can also recognise common broker symbol suffixes such as:

• XAUUSD

• XAUUSDm

• XAUUSD.a

Broker contract specifications can differ, so users should always verify tick size, tick value, minimum lot size, maximum lot size, spread, commission and margin requirements with their broker.

CONFIGURATION

Ghost Rider Trend EA provides extensive configuration options, allowing traders to adapt the system to their own account and risk requirements.

Important parameters include:

• Base lot size

• Maximum lot size

• Recovery distance

• Virtual basket TP

• Real basket TP

• Real trade every N Ghosts

• Maximum recovery trades

• EMA period

• Trend timeframe

• ATR period

• ATR timeframe

• ATR threshold

• Trading session

• News filter

• Maximum spread

• Profit protection

• Chart visualisation

IMPORTANT RISK INFORMATION

Ghost Rider Trend EA is an automated trading system and does not guarantee profits.

Trading XAUUSD involves significant risk and can result in losses.

Performance can vary depending on:

• Broker execution

• Spread

• Slippage

• Commission

• Leverage

• Account size

• Market volatility

• News events

• Trading session

• EA configuration

Recovery-based trading can increase market exposure during adverse price movement. Users should therefore select settings appropriate for their account size and risk tolerance.

Always test the EA on a demo account before using it on a live account.

Past performance and backtest results are not guarantees of future results.

INSTALLATION

1. Install MetaTrader 5.

2. Place the EA in the MQL5/Experts directory.

3. Open MetaEditor.

4. Compile Ghost Rider Trend EA.

5. Open an XAUUSD chart.

6. Attach the EA.

7. Configure the input parameters.

8. Enable Algo Trading.

For best results, users should first test the EA using their broker's actual XAUUSD contract specifications and a demo account.

FINAL NOTE

Ghost Rider Trend EA is designed for traders who want a trend-focused XAUUSD system combined with virtual recovery and controlled real-trade execution.

The system provides extensive configuration while keeping the core trading process automated.

Trade with appropriate risk management and never risk capital you cannot afford to lose.