Trading Robots for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
GOLD MASTERY EA
1. OVERVIEW
The Gold Mastery EA is a sophisticated Expert Advisor (EA) specially designed for trading Gold (XAUUSD) based on Double Top/Bottom patterns with Neckline confirmation. This EA integrates ATR-based stop loss and takes profit levels, ensuring an optimal risk-reward ratio.
2. Unique Features
Double Top/Bottom Pattern Detection: Uses historical price action to identify strong reversal signals.
Neckline Confirmation (Optional): Ensures pattern validity before placing trades.
ATR-Based Stop Loss & Take Profit: Dynamic risk management based on market volatility.
3. Trading Logic
The EA operates on the selected timeframe and follows this structured decision-making process:
Pattern Detection: Scans the market for Double Top (Sell Signal) and Double Bottom (Buy Signal) using a defined LookBackBars window. Identifies peaks and troughs to confirm pattern validity.
Neckline Validation (if enabled): Ensures the price has broken the neckline in the correct direction before executing a trade.
Order Execution : Sell Orders: Triggered when a Double Top is confirmed. Buy Orders: Triggered when a Double Bottom is confirmed.
ATR-based Stop Loss and Take Profit values are assigned dynamically.
? Best Timeframes for the EA:
Recommended Timeframes: M15 (15-Minute Chart)
Supports Other Timeframes: (M1, M5, M30, H1, etc.)
