Gold Spot Pending Buy Advance
Gold Spot Pending Buy Advanced
Gold Spot Pending Buy Advanced is an automated Expert Advisor developed for trading XAUUSD (Gold) using a pending-order-based trend strategy. The Expert Advisor operates only on predefined technical conditions and does not guarantee profits.
Strategy Overview
The Expert Advisor determines market direction using Exponential Moving Averages (EMA 10 and EMA 60). Trade entries are executed exclusively through pending orders (Buy Stop or Buy Limit), depending on price position relative to the detected trend.
This approach is intended to ensure that orders are placed only after predefined conditions are met, instead of immediate market execution.
Trade Management Logic
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The EA evaluates market conditions on every tick.
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Orders are opened only when EMA conditions are satisfied.
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Pending orders are automatically managed and modified according to the input parameters.
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The Expert Advisor can limit the number of open positions and pending orders.
Drawdown Control and Risk Considerations
The EA includes optional logic that can increase position volume when floating loss reaches a specified threshold.
This method increases exposure and risk and should be used only with sufficient understanding and capital.
A maximum drawdown limit can be configured. When this limit is reached, the EA will stop opening new trades.
⚠️ Trading with recovery or volume-increasing logic involves significant risk and may result in large losses.
Main Features
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EMA-based trend detection (EMA 10 & EMA 60)
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Pending order execution (Stop / Limit)
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Configurable trading time filters
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Maximum drawdown limitation
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Fully automated trade and order management
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User-adjustable risk and volume parameters
Recommended Settings
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Symbol: XAUUSD
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Timeframe: M15 or H1
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Account Type: Any MT5 account supporting XAUUSD
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VPS: Optional (recommended for continuous operation)
Input Parameters
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MaxRiskPercent – Risk per trade calculated from account balance
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StopLossPoints – Virtual stop loss distance (points)
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MaxDrawDown – Maximum allowed floating drawdown (%)
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Trend – Trading direction (Buy / Sell)
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MaxOpenPosition – Maximum number of open positions
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TotalPendingOrder – Maximum number of pending orders per signal
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PendingLot – Base lot size
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DistancePending – Distance between pending orders (points)
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TP – Take Profit (points)
Installation
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Open a XAUUSD chart in MetaTrader 5
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Select timeframe M15 or H1
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Attach the Expert Advisor to the chart
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Configure input parameters according to your account
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Enable AutoTrading
Important Notice
This Expert Advisor is a trading tool, not an investment service.
Past performance does not guarantee future results.
Users are fully responsible for any trading decisions and outcomes.

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