RZQ Gold Trailing Expert

RZQ Gold Trailing Expert is an automated trading Expert Advisor for MetaTrader 5, designed for trading gold and other supported trading symbols.

The EA uses a virtual trailing boundary to manage open positions and automatically switch trading direction when the trailing exit condition is reached.

⚠ ONLY XAUUSD MARKET BEST EA ⚠ 

Key Features

1. Automated Trading

• Opens trades automatically without manual entry.

• Initial trading direction can be configured as Buy or Sell.

• Automatically switches to the opposite direction after a trailing-based exit.

2. Virtual Trailing Boundary

• Uses a virtual trailing level to monitor price movement.

• The trailing boundary follows favorable price movement.

• For Buy positions, the boundary moves upward only.

• For Sell positions, the boundary moves downward only.

• Positions are closed when the relevant price reaches the trailing boundary.

3. Adjustable Trading Parameters

• Configurable fixed lot size.

• Adjustable trailing distance.

• Maximum spread filter.

• Configurable slippage.

• Custom Magic Number for trade identification.

4. Daily Drawdown Protection

• Optional daily drawdown protection.

• Adjustable maximum daily drawdown percentage.

• When the configured daily drawdown limit is reached, the EA stops opening new trades and attempts to close its existing position.

• The daily equity baseline resets when a new trading day begins according to broker server time.

5. Chart Display

• Optional virtual trailing boundary line displayed on the chart.

How to Use

1. Attach the EA to your desired chart in MetaTrader 5.

2. Enable algorithmic trading.

3. Configure the lot size and initial trading direction.

4. Set the trailing distance and maximum spread according to your broker's conditions.

5. Configure daily drawdown protection according to your risk tolerance.

6. Test the EA using the Strategy Tester and a demo account before live trading.

Important Notes

The trailing boundary is virtual and is managed by the EA. It is not a broker-side Stop Loss order.

The EA requires an active trading terminal and incoming price ticks to manage its trailing logic. If the terminal or EA stops running, the virtual trailing boundary cannot automatically close a position.

Trading involves significant risk, especially when trading gold with leverage. The EA does not guarantee profits, and losses can exceed expectations during volatile markets, spread widening, or execution delays.

Please evaluate the EA carefully before using it on a live account.