Viper Gold

  • Experts
  • Lee Wen Yi
    Lee Wen Yi

    Lee Wen Yi

    Welcome to my profile!
    I specialize in developing automated trading solutions designed primarily for XAUUSD (Gold) trading, combining strategic trading concepts, algorithmic execution, and technology to create Expert Advisors for MetaTrader 5.
  • Versão: 1.2
  • Ativações: 5

Viper Gold v1.02 is an automated Expert Advisor designed for MetaTrader 5, focusing on independent support and resistance breakout execution for gold (XAUUSD) .

Core Specifications & Features

  • Structure-Based Entries: Evaluates historical price action on the H1 timeframe to identify swing highs and lows for pending stop order placement .

  • ATR-Based Volatility Adaptation: Utilizes a configurable Average True Range period to determine stop-loss distances within preset minimum and maximum bounds .

  • Lot Sizing Options: Supports both fixed lot sizing and risk-percentage calculations based on account balance.

  • Risk Management: Includes reward-to-risk multiplier controls, configurable trailing stop parameters, and break-even lock functions .

  • Execution Filters: Incorporates spread checks to prevent execution during high-spread conditions and an automated Friday cleanup function to clear pending orders before the weekend close .

  • On-Chart Interface: Features an optional visual panel displaying engine status, live spread, and current open or pending position counts .

Specifications

  • Platform: MetaTrader 5

  • Asset: XAUUSD / Gold

Recommended
- Timeframe: H1

- Minimum Deposit: $100
- Account Type: ECN / Raw Spread accounts with low latency are recommended.
- Execution Type: Pending Stop orders with automatic expiration handling.
- Backtest: Every tick based on real ticks
- Appropriate Risk: 2%
- Martingale: No
- Grid: No
- Multiply: No

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