Gold Range Scalper MT5

Gold Range Grid is a range-based Expert Advisor developed for the MetaTrader 5 platform, designed to operate exclusively on the XAUUSD (Gold) symbol.

The Expert Advisor runs on the M1 timeframe and defines a fixed price range using the Offset Pips input parameter. This range represents a static support or resistance zone that remains unchanged throughout the trading day. The zone is recalculated only when the Expert Advisor is restarted or when input parameters are modified.

Trading is executed using pending orders placed within the defined range. When a pending order is activated, subsequent orders are placed using a Fibonacci-based lot progression as a recovery mechanism. The strategy is designed to manage price fluctuations within the range until a breakout or reversal brings the combined positions into profit.

Trading Logic Overview

• Positions are initiated within a predefined narrow price range, typically greater than five times the average spread, treated as a support or resistance zone
• Trades are managed using reverse-signal logic
• No fixed Stop Loss is applied to individual trades

Key Features

• Designed exclusively for XAUUSD range trading
• Fixed support and resistance zone based on user-defined offset
• Reverse-on-signal trade management logic
• Fibonacci-based position management
• No Martingale strategy
• No automatic lot sizing
• Can be used in both ranging and trending market conditions

Risk Disclosure

This Expert Advisor does not use a fixed Stop Loss on individual trades.
Trade management relies on reverse-signal logic within a predefined price zone.

Trading gold involves significant risk and may result in substantial drawdowns. This Expert Advisor is not suitable for all traders. It is strongly recommended to test the product on a demo account before using it on a live account and to apply appropriate risk management settings.

Recommended Settings

• Symbol: XAUUSD
• Timeframe: M1
• Lot size settings based on account balance and risk tolerance
• Profit target settings aligned with cumulative lot exposure
• Daily profit target configured according to overall strategy risk
• Maximum drawdown percentage set according to account balance and risk tolerance
(This setting acts as a global stop mechanism and disables trading until manual intervention)

Broker Requirements

• MetaTrader 5 trading platform
• Hedging or netting account supported
• Broker offering XAUUSD (Gold) with stable execution
• Low-spread trading conditions recommended