Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Kairon Gold Scalper MT5
Kairon Gold Scalper leverages a straightforward strategy that integrates Moving Averages with an RSI filter to identify optimal BUY opportunities for Gold. I wanted to explore how simple concepts can work best and made the scalper using these three:
- Choose Lotsize Mode: Use either Static or Dynamic lotsize.
- Signal Generation: Utilizing Moving Averages and the RSI filter, the EA detects stable uptrends to generate buy signals. Typically, it executes up to 4 trades per day, but it avoids trading during choppy market conditions to minimize potential losses as Gold price has been in an uptrend for a while now.
- Integrated News Filter: Pause trading during periods of high volatility due to news events, resuming operations shortly after.
And that's it! I am already exploring complimentary strategies and features which can help the EA perform better. I will be adding them as update .
BUNDLE OFFER: Message me after getting your copy to get the bundle and to be added into Support group. For every copy I will include the Kairon EVO Scalper for FREE until price of $899.
Recommendations for Optimal Use
- Currency Pair: XAU/USD
- Timeframe: M5
- Minimum Deposit: $100 (for 0.01 lot size)
- Broker Requirements: Choose a broker offering low to medium spreads for optimal performance.
- VPS Recommendation: For uninterrupted trend analysis and execution, using a Virtual Private Server (VPS) is advisable.
Note: Do send me a private message after purchasing and I will give you the set file. Please do test the program to find settings that might work for you. I certainly do not know the settings which might work in future.
Settings:
Magic number - Number used by the EA to identify and modify its trades.
Colour shown when EA is ACTIVE - The chart will turn to this colour when trading is active and there is no filters in effect.
Colour shown when EA is INACTIVE - The chart will turn to this colour when trading is disabled by filters in effect.
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Static lotsize - A default lotsize that doesn't change.
Dynamic lotsize - A lotsize which increases when you win trades (anti-martingale)
Risk as %of Trading Capital - This works when Dynamic lotsize is active. It helps the system calculate rate of lotsize increase
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Stop loss in points - Stoploss in points (For either Static or Dynamic entries).
Take profit in points - Take profit in points (For either Static or Dynamic entries).
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Allow Trend Capitalization Entries? - Allow the system to add a higher lotsize order on detection of possible trend continuation?
Lotsize for Trend Capitalization Entries - Higher lotsize for for trend capitalization entry.
Stoploss for Trend Capitalization Entries - Stoploss for trend capitalization entry.
Take Profit for Trend Capitalization Entries - Take profit for trend capitalization entry.
Allowed Trend Capitalization Entries - Maximum number of allowed open trend capitalization entries
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Single Position Profit Target - Profit target for EA to only close the position which has reached the profit.
Single Position Loss Limit - Loss limit for EA to only close the position which has reached the broken the loss limit.
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Close Trades on Daily Profit Target - Profit target for the day where EA will close all orders and resume trading at 0000hrs the following day.
Close Trades on Daily Loss Limit - Loss limit for the day where EA will close all orders and resume trading at 0000hrs the following day.
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Close Trades On Open Order Profit - If Open/Running Orders reach your input value in profit all orders will close then EA waits for trading conditions to be met again.
Close Trades On Open Order Loss - If Open/Running Orders reach your input value in loss/drawdown all orders will close then EA waits for trading conditions to be met again..
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Start Hour - Hour for EA to start trading
End Hour - Hour for EA to stop trading
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Should EA filter news - Activate news filter
Separator to separate keywords - The type of separator to separate news keywords
Keywords in news to avoid - These are the keywords in the news you want to avoid.
Currencies for news lookup - Currencies with news to lookout for.
Stop trading before news - Minutes before news to stop trading.
Resume trading after news - Minutes after news to resume trading.
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Should EA filter RSI extremes - EA to stop trading if RSI extremes are reached.
RSI filter timeframe - Timeframe for RSI filter.
RSI filter low level - Oversold level.
RSI filter upper level - Overbought level.
RSI period - This is the RSI period.
RSI applied price - This is the RSI applied price
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Day filter - Deactivate the system from trading on certain days
