Gold Skeith Era at 10 percent Risk

Gold Skeith Era EA – Disciplined Daily Breakout Trading for XAUUSD

Gold Skeith Era EA is a rule-based Expert Advisor designed specifically for XAUUSD (Gold). It trades daily high and low breakouts with strict risk management and a clean, single-trade-per-day logic. The EA avoids dangerous practices such as grid, martingale, averaging, or multiple entries.

How It Works

At the start of each new trading day (based on the broker’s timezone):

1. The EA identifies the previous day’s high and low.
2. It places:
• One Buy Stop order above the previous day’s high
• One Sell Stop order below the previous day’s low
3. When one order is triggered (breakout in one direction), the opposite pending order is immediately cancelled (OCO). For the best result, set it to non-OCO.
4. The trade is managed with fixed Stop Loss (SL) and Take Profit (TP) levels as defined in the settings.
5. Only one trade per day is executed, focusing on clean breakout momentum.

This simple, transparent logic makes the strategy easy to understand, test, and trust.

Key Features

• Pure breakout strategy: Trades only the daily high/low breakout on XAUUSD
• Single trade per day: No grid, no martingale, no averaging, no additional entries
• Fixed risk: Predefined SL and TP for every trade
• Broker-time aware: Daily session starts according to the broker's timezone
• Transparent logic: No hidden formulas or black-box algorithms
• Low-maintenance: Designed for 24/5 operation on a VPS

Recommended Settings

• Symbol: XAUUSD only
• Broker Type: ECN or Raw Spread (e.g., Tickmill Raw)
• Spread Condition: Low spread environment (maximum spread around 20 points + commission)
• Minimum Deposit: $100 USD
• Leverage: 1:200 or higher
• Risk settings: 1-10% of balance is recommended (safety)
• Timeframe: Any, optimized for H1 to D1
• VPS: Required for stable 24/5 operation and reliable daily open execution

Performance Notes

• The strategy is designed to perform best during trending market phases when gold shows clear directional momentum.
• In ranging or choppy markets, false breakouts may occur, leading to losses. This is normal for any breakout strategy.
• The EA includes live signal monitoring and backtest data for reference. Past performance does not guarantee future results.
• Always test the EA in the Strategy Tester and on a demo account before using real funds.

Live Signal & Product Links

• Live Signal (10% risk): Gold Skeith Era Signal
• MT4 EA (Market): Gold Skeith Era MT4
• MT5 EA (Market): Gold Skeith Era MT5

Important Disclaimer

Trading forex and gold involves significant risk. This EA is a tool for automated trading and does not guarantee profits. Results may vary depending on broker conditions, spread, slippage, and market environment. Always trade at your own risk and never risk more than you can afford to lose.