Aurex

Aurex EA is a sophisticated GOLD(XAUUSD) trading robot designed for Meta Trader 5, optimized for the M1 (1-minute) timeframe. It combines technical indicators like RSI and engulfing candle patterns with advanced risk management and a recovery strategy to execute trades. The EA features customizable trading sessions, a news filter to avoid high/medium-impact events, and a trailing stop system. Aurex has shown superior performance on live accounts compared to back testing, making it a versatile tool for forex traders. 

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Youtube:

Aurex Gold(XAUUSD) Expert Advisor

Key Features:

• Trading Logic: Uses RSI (oversold/overbought) and bullish/bearish engulfing patterns for trade signals, with an optional reverse strategy.
  • General Settings:
    • UseReverseStrategy: Reverses buy/sell signals (true/false).
    • Slippage: Max price slippage in points.
    • MagicNumber: Unique trade identifier.
    • ShowPanel: Displays performance panel (true/false).
• Risk Management: Supports fixed or dynamic lot sizing (based on risk %), take profit, and trailing stops.
  • Risk Management Inputs:
    • UseFixedLotSize: Toggle fixed lot sizing (true/false).
    • FixedLotSize: Lot size if fixed.
    • RiskPercentage: Risk % per trade if dynamic.
    • TakeProfit: Initial trade profit target in points.
    • TrailingStop: Trailing stop distance in points.
    • TrailingStep: Trailing adjustment step in points.
• Indicator Settings: Configurable RSI and engulfing candle parameters.
  • Indicator Inputs:
    • RSI_Period: RSI calculation period.
    • RSI_BuyLevel: RSI oversold threshold.
    • RSI_SellLevel: RSI overbought threshold.
    • MinEngulfingSizePoints: Min engulfing candle size in points.
• Recovery System: Includes a hedging mechanism with pending orders to mitigate losses, configurable up to 5 cycles.
  • Recovery Inputs:
    • EnableRecovery: Toggle recovery strategy (true/false).
    • HedgeTriggerPoints: Loss threshold to hedge.
    • PendingDistancePoints: Distance for pending orders.
    • LotMultiplier: Lot size multiplier for hedges.
    • MaxRecoveryCycles: Max hedging cycles.
    • CombinedTakeProfitPoints: Combined profit target in points.
• News Filter: Pauses trading around high/medium-impact news events (user-defined buffer).
  • News Filter Inputs:
    • UseNewsFilter: Enable news filter (true/false).
    • NewsBufferMinutes: Minutes to avoid trading around news.
• Trading Sessions: Customizable Asian, London, and New York session hours (GMT-based) with enable/disable toggles.
  • Session Inputs (GMT):
    • TradeAsianSession: Enable Asian session (true/false).
    • AsianStartHour/AsianEndHour: Asian session hours.
    • TradeLondonSession: Enable London session (true/false).
    • LondonStartHour/LondonEndHour: London session hours.
    • TradeNewYorkSession: Enable New York session (true/false).
    • NewYorkStartHour/NewYorkEndHou r: New York session hours.
    • BrokerGMTOffset: Broker time offset from GMT.

Setfiles: Available upon request for optimized configurations.

Recommended Usage:

• Timeframe: M1 (1-minute).
• Designed for XAUUSD/Gold, other Currency pairs can be traded but do test before trading live
• Low Spread Accounts or Zero Spread is beneficial.
• Account Type: Hedging 
• VPN recommended for uninterrupted trading and definitely fast execution of scalping trades
• Minimum Capital: $500 (10% Risk MAX) Minimum to start, $1000(20% Risk Max) recommended to start, ensuring adequate margin for risk management.

Disclaimer

Trading forex involves significant risk, and Aurex EA does not guarantee profits. The developer is not responsible for any financial losses incurred while using this EA. Test results provide an indication of performance but do not fully reflect live market conditions. Users must first evaluate the EA in a demo environment to ensure compatibility with their broker before purchasing or using it live. The recovery system aims to reduce losses but is not foolproof. Periodic monitoring is recommended, as no EA can be entirely “set and forget” unless trading with substantial capital at very low risk. Always adhere to sound risk management practices, limiting risk to 3% or less per trade.