MCTrade Channel Pilot Gold
- Experts
- 버전: 1.0
- 활성화: 5
MCTrade Channel Pilot Gold is an Expert Advisor for MetaTrader 5 built around a linear regression channel. It is designed for gold (XAUUSD) on M5 and M15 charts.
The EA draws the channel, its middle line and the main support and resistance levels on the chart. Strong levels (more touches) are shown with a different color.
Two entry models are available:
Channel edge bounce. Price touches a channel edge and the bounce is confirmed on the third candle (configurable). The confirmation requires a close beyond the touch candle high or low and no new extreme after the touch.
Breakout with retest. Price closes outside the channel, comes back to test the outer edge and then restarts in the breakout direction. The channel is frozen during the setup.
Operating modes
- Automatic: the EA opens trades on its own.
- Semi-auto: the signal is shown and waits for your confirmation on the dashboard.
- Manual: signals only, trades are up to you.
Trade management
- Stop loss beyond the pattern extreme, beyond the channel edge, fixed or ATR based.
- Progressive take profit TP1, TP2, TP3: when TP1 is reached the stop moves to TP1, when TP2 is reached it moves to TP2. Optional partial closes.
- Break-even buttons for all, buy or sell positions.
- Optional trailing stop, spread filter, trading hours filter.
- Fixed lot or risk percentage, with a free margin check before every order.
Dashboard and tools
- Channel state, slope, width, last signal, spread, positions and floating P/L.
- Candle countdown timer.
- Daily signal report: every signal of the day with its status and a theoretical outcome in R, plus the real trades of the day. Sent to the Experts log and as a push notification.
Distances are expressed in units: 1 unit equals 1 USD on gold. On other symbols the unit is scaled to the price.
Recommended: XAUUSD M5 or M15, a broker with low gold spread, a VPS for automatic mode. Test the EA in the Strategy Tester and on a demo account before using it on a live account. Trading involves risk of loss.
