LollyPompy Gold Sniper

Overview

LollyPompy Gold Sniper is an advanced Expert Advisor designed for precision trading on Gold (XAUUSD) using a structured, multi-layer decision engine. It combines trend-following, mean reversion, and support/resistance reaction strategies into a unified scoring model, with strict risk control and real-time trade validation.

This EA is built for traders who want:

• Structured, rule-based execution
• Controlled risk exposure
• Transparency in trade decisions

It uses a multi-indicator weighted scoring system to determine trade direction and confidence.

Indicators Used

1. EMA (50 / 200) → Trend direction
2. RSI (14) → Momentum & extreme filtering
3. MACD → Momentum confirmation
4. Stochastic → Entry timing
5. Bollinger Bands → Volatility extremes
6. ATR → Dynamic SL/TP calculation
7. Support & Resistance (dynamic detection)

Each indicator contributes to a weighted score, producing:

• Trade Direction (BUY / SELL / HOLD)
• Confidence Score (%)

 Intelligent Market Adaptation

The EA automatically detects market conditions:

Trending Market

• Prioritizes trend-following signals
• Suppresses reversal indicators

Ranging Market

• Prioritizes mean-reversion signals
• Suppresses trend bias

Advanced Entry Types

Trend Trades

• Executed when multiple indicators align with market direction.

Support/Resistance Bounce Trades

• Detects price reactions near key levels
• Uses RSI + Bollinger + Stochastic confirmation
• Uses adjusted SL/TP for tighter control

Breakout / Breakdown Trades

• Executes when price decisively breaks key levels
• Requires confirmation from trend + momentum

Volume Confirmation Engine

Trades are filtered using volume contraction → expansion patterns:

• Prevents entries during weak market participation
• Ensures trades occur during active movement phases

Risk Management System

Dynamic Stop Loss & Take Profit

• Based on ATR (market volatility)
• Configurable multipliers

Risk–Reward Control

• Fully adjustable R:R ratio
• Default optimized for balanced risk

Daily Loss Circuit Breaker

• Automatically halts trading after reaching defined loss limit

Trade Limiter

• Maximum number of simultaneous trades

Margin Protection

• Prevents trade execution under unsafe margin conditions

Safety Filters

RSI Extreme Block

• Prevents buying in overbought zones
• Prevents selling in oversold zones

Support/Resistance Conflict Filter

• Blocks trades too close to key levels unless validated

Cooldown Mechanism

• Prevents overtrading after execution

Surveillance & Protection Features

Detects manual interference or external trade modifications

Alerts on:

1. SL/TP changes
2. Foreign trades on same symbol
3. Leverage changes
4. Unusual balance changes

Transparency & Logging

It provides detailed journal logs, including:

• Full trade decision breakdown
• Entry validation logic
• Reasons for blocked trades
• Market condition analysis

This allows users to fully understand why each trade is taken or skipped.

Input Parameters (User Control)

Key adjustable settings include:

1. Lot size
2. Maximum open trades
3. ATR SL/TP multipliers
4. Volume filter thresholds
5. RSI limits
6. Daily loss limit
7. Support/Resistance sensitivity

Recommended Settings

Symbol: XAUUSD (Gold)

Timeframe: M15 (recommended)

Important Notes

This EA does not guarantee profit

Performance depends on:

• Market conditions
• Broker execution quality
• User risk settings