Range Rider Gold

Range Rider is an Expert Advisor for gold (XAUUSD and other gold symbols) on MetaTrader 5. It runs four independent modules called Rider A, Rider B, Rider C and Rider D. Each Rider has its own magic number, direction, lot size, stop loss, take profit and trailing stop. You choose which Riders run and you set each one separately.

Requirements

  • MetaTrader 5 with a hedging account. On a netting account the Expert Advisor does not start and writes the reason to the Experts log.
  • A gold symbol. When the Expert Advisor starts, the Experts log shows what one input unit means on your symbol and the cost of the stop loss per 1.00 lot.
  • A computer or VPS that stays on, because pending orders need a running terminal.

Features

  • Four Riders that can be switched on or off one by one.
  • Lot size: fixed lot, risk percent of the balance, or balance-scaled.
  • Two trailing stop styles for each Rider: standard (fixed distance), or break-even first and then trailing.
  • Optional maximum spread filter and optional daily loss limit. Both are off by default.
  • Pending orders expire by themselves. Margin and stops level are checked before every order.
  • Orders are handled safely after a restart of the terminal.
  • On-chart panel with balance, equity, floating and closed profit, margin level, a drawdown meter, an equity curve and one card for each Rider. It can be shown large, small, or switched off. It is off in the Strategy Tester by default, so tests run fast.

Settings

Inputs are grouped by Rider (A, B, C and D) and by system settings: magic numbers, unit override, spread limit, daily loss limit and panel options. The session hours of Rider C are given in broker server time. Please check them against your broker before you use the Expert Advisor.

Notes

Start on a demo account and set the lot size for your own account. Results depend on the broker, the spread, the execution speed and the server time. Please test the Expert Advisor in the Strategy Tester and on a demo account before live use.

This description shows no results. Backtests are not real trading results, and past results do not predict future results. Trading leveraged products carries a high risk of loss. This product is not financial advice.

If you have a question, write a comment under the product or send a message on mql5.com.

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