The GOLD King Skull

The GOLD King Skull is a fully automated Expert Advisor (EA) specially optimized for high-performance scalping on Gold (XAUUSD). It identifies daily high/low breakout opportunities and enters the market with precision, managing trades using a trailing stop-loss system instead of a fixed take-profit target.

This EA is engineered for simplicity, reliability, and safety. It avoids risky strategies like grid or martingale, ensuring better long-term consistency and drawdown control.

STRATEGY OVERVIEW:

Each day, the EA:

• Clears all pending orders from the previous session.

• Detects the highest and lowest price of the last daily candle.

• Places two pending orders:

  • BUY_STOP above the high

  • SELL_STOP below the low

Once triggered, the position is managed dynamically using a trailing stop to lock in profits as the price moves in your favor.

✦ Works on any timeframe
✦ Optimized for XAUUSD

• Auto lot sizing with risk percentage control

• Built-in spread filter

• Slippage protection

• Clean, rule-based logic — no overfitting or overcomplication

• No Grid

• No Martingale

INPUT PARAMETERS:

< EA Settings >

• Magic Number – Unique identifier for orders

• Bot Name – Default: The GOLD King Skull

< Trading Settings >

• Lots – Default lot size (e.g., 0.01)

• Stoploss (in Pips) – e.g., 5.0

• Distance from [H]/[L] to Order Price (Pips) – Offset before placing pending orders

• Max Slippage (Pips) – Maximum acceptable slippage

• Max Allowed Spread (Pips) – 0 = floating

< Trading Time Settings >

• Allow Trading Time – Enable/disable specific trading hours

• Start Hour / End Hour – Example: 7 to 22

< Money Management >

• Allow Volume Percent – Enable risk-based sizing

• Risk % of Balance – Default: 1.0%