Golden Bands Pro

GoldenBands Pro – Expert Advisor for XAUUSD (Gold) on M5

GoldenBands Pro is an advanced and disciplined Expert Advisor specifically designed for trading XAUUSD (Gold) on the M5 timeframe. It combines the power of Bollinger Bands with the Stochastic Oscillator to identify high-probability opportunities in the gold market, one of the most volatile and profitable assets in Forex.

Key Features:
Main Strategy: Entries based on the interaction between Bollinger Bands (to detect volatility and squeezes) and Stochastic confirmation (overbought/overbold levels).
Professional Risk Management: Supports both fixed lot sizes and risk-based percentage management (0.5% recommended). Includes fixed Stop Loss, dynamic Take Profit, and Auto Close based on profit in pips.
Dynamic Trailing Stop with Break Even and optional aggressive mode, ideal for capturing strong gold price movements.
Controlled Grid System: Configurable Delta distance and maximum distance, with a limit on pending orders to prevent overexposure. Security filters: Customizable trading hours, maximum spread control, and slippage.
Premium visual design: Automatic application of an elegant dark theme with orange/gold tones for easy viewing on large screens.
Requirements and compatibility:
Recommended pair: XAUUSD
Timeframe: M5 (optimized and tested)
Minimum recommended capital: $1,000 (with a conservative risk of 0.5%)
Compatible with Prop Firms: Yes. The EA is designed with strict risk management rules (mandatory Stop Loss, controlled drawdown, and disciplined execution), making it ideal for passing assessments and trading funded accounts.
Platform: MetaTrader 5 (MT5)
Recommended broker: IC Markets
GoldenBands Pro stands out for its balance between controlled aggressiveness and capital protection. Thanks to its filters and automatic closing systems, it seeks to maximize profits in gold trends while maintaining predictable and professional risk.

Perfect for traders looking for a robust, easy-to-configure EA geared towards scalping/intraday trading in the gold market.
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