Meta Cove AI

MetaCove AI: Precision Pullback Engine (v1.2)

An Advanced, Fully-Automated Algorithmic Trading System by Meta Cove Technologies

Website: www.metacove.io
Version: 1.2 (Stops Fix Release)
Platform: MetaTrader 5 (MT5)

Overview:

The MetaCove AI: Precision Pullback Engine is a high-performance, expert advisor (EA) built to identify low-risk, high-probability entry points in trending markets. The system is fully automated, employing institutional-grade logic to analyze pullbacks using multi-timeframe trend filtering and oscillator confirmations.

⚙️ Core Features:

✅ Multi-Timeframe Trend Filter:

• Uses Fast and Slow EMAs on higher timeframes to define the master trend.

• Avoids trades during neutral or choppy market conditions.

✅ Precision Pullback Entry System:

• Entry logic triggered by RSI pullback levels and Stochastic crossovers aligned with the dominant trend.

• Designed to capture entries with optimal risk-reward during market retracements.

✅ Dynamic Lot Sizing with Risk Control:

• Calculates lot size dynamically based on account equity, ATR-based stop loss, and available margin.

• Ensures each trade risk aligns with a fixed % of equity, maximizing consistency.

✅ Advanced Exit Management:

• Multi-stage exit system:

  • Partial profit-taking at TP1 based on ATR.

  • Remainder managed using Parabolic SAR trailing stop, allowing profits to run.

• Supports scaling out and adaptive stop management for maximum flexibility.

✅ Daily Trade Limits & Time Filters:

• Configurable maximum trades per day to avoid overtrading.

• Optional trading time filters to restrict operations during preferred market hours (e.g., Indian trading session).

✅ Modern On-Chart Dashboard:

• Real-time panel displays:

  • EA status

  • Daily profit/loss

  • Trade count

  • Master trend status

  • Signal readiness

  • Stochastic levels

🛠️ Technical Indicators Used:

• EMA (21/50) – Trend filtering (higher timeframe)

• RSI (14) – Pullback strength and timing

• Stochastic (8,3,3) – Entry confirmation via crossover

• ATR (14) – Dynamic stop loss & take profit calculation

• Parabolic SAR – Adaptive trailing stop mechanism

🧪 Ideal For:

• XAUUSD, Major FX Pairs, and trending instruments.

• Traders seeking consistent performance using a logic-driven pullback system.

• Scalping to intraday strategies aligned with higher-timeframe trends.

🔒 Built-in Protections:

• Spread filter to avoid high-cost trades.

• Trade allowance checks to respect daily limits.

• Margin verification before execution.

• Auto-fail mechanism if any indicator fails to initialize.

📌 Summary:

MetaCove AI: Precision Pullback Engine is a smart, trend-aligned, and risk-aware EA designed for traders who want precision entries and disciplined exits. With dynamic position sizing, a layered exit strategy, and an intuitive on-screen dashboard, it ensures full automation without sacrificing transparency or control.

🔗 Trade smarter with MetaCove AI – Precision in Every Pullback.