Gold Liberty

Gold Liberty EA for MetaTrader 5

Overview
Gold Liberty is a fully automated Expert Advisor (EA) designed specifically for trading the XAUUSD (Gold) pair on the 1-hour (H1) timeframe in MetaTrader 5. Built on a momentum-based framework, the EA leverages technical indicators to identify directional changes and manage trades dynamically according to current market conditions.

Core Trading Logic

Gold Liberty combines two core technical indicators:

• OsMA (Oscillator of Moving Average): Used to detect momentum direction. The EA opens buy or sell trades based on OsMA crossovers above or below the zero line. Positions are closed when the indicator produces a crossover in the opposite direction.

• ATR (Average True Range): Determines adaptive take-profit distances by calculating volatility. The take-profit level is based on the ATR multiplied by a configurable factor.

This setup is structured to respond to momentum-based signals and adjust position management in accordance with volatility.

Key Features

• 1-Hour Timeframe Specific: Optimized for the H1 chart to maintain consistency in signal logic.

• New Candle Execution: Trades are evaluated only at the open of a new H1 candle to minimize noise.

• ATR-Based Take-Profit: Take-profit levels adjust based on market volatility using a user-defined multiplier.

• No Fixed Stop-Loss: Instead of static SL values, the EA exits trades based on OsMA crossover logic.

• Customizable Settings: Adjustable parameters include:

  • OsMA calculation settings (fast EMA, slow EMA, signal SMA)

  • ATR period and multiplier

  • Lot size and slippage control

  • Trade frequency settings

• Error Handling: Includes safeguards for invalid trade requests, platform issues, or low margin warnings.

Trading Workflow

1. Signal Evaluation: At the start of each new hourly candle, the EA reviews OsMA conditions.

2. Trade Entry: If a crossover occurs, a corresponding buy or sell order is placed using the configured lot size and slippage settings.

3. Trade Management: A dynamic take-profit is applied using the ATR-based method. Positions are managed without stop-loss orders and exited via opposing OsMA signals or TP fulfillment.

4. Single Trade Limit: Only one active position is maintained at a time to help reduce overexposure.

Intended Use

Gold Liberty is best suited for:

• Traders focused on the XAUUSD pair

• Users looking to apply a rules-based approach to momentum signals

• Those interested in automated trading tools with configurable risk and trade settings

• Traders comfortable with intraday trading on the H1 timeframe

Important Considerations

• Market Conditions: Performance may vary depending on volatility and trend strength. In lower volatility environments, signals may be less frequent.

• Broker Compatibility: Use with a broker that offers low spread and consistent execution on XAUUSD for best alignment with the EA's trade logic. No specific broker is required.

• Backtesting and Demo Testing: Before using in a live account, it's strongly recommended to backtest and demo test the EA to ensure compatibility with your trading style and risk settings.

Installation & Setup

1. Install the EA in your MetaTrader 5 terminal.

2. Attach it to an XAUUSD H1 chart.

3. Enable automated trading.

4. Adjust input parameters as needed or use defaults.

Risk Disclaimer

Trading gold (XAUUSD) involves risk and may not be suitable for all investors. This EA is a technical tool and does not guarantee profitable outcomes. Past results or backtests do not guarantee future performance. Always use proper risk management and test in a demo environment before going live.

Summary

Gold Liberty EA is a momentum-based automated strategy tool designed for gold traders using MetaTrader 5. It provides a rules-based framework for identifying directional momentum and managing trade entries and exits based on defined technical criteria.