Golden Rocket EA MT5

Golden Rocket is a scalping Expert Advisor based on trading breakouts of support & resistance levels. Many EAs trading similar strategies simply place pending orders at recent highs & lows. Rocket improves upon the basic strategy by detecting impulse candles through key levels. This enhances the robustness of the strategy through filtering out false breakouts. A large candle thrusting through a level aims to confirm a strong breakout likely to continue.

Golden Rocket is a high Win Rate bot with an modestly inverted Risk Reward. Users should expect to win roughly 80% of the time with a roughly 1:2 inverted risk reward. 

Signal: Please Google Prosperity Algo Myfxbook for 5 month live track record.

Key Points:

• Gold scalping robot which scalps support and resistance breakouts.

• Our robust backtests show 40% to 100% annual returns, while risking 2% per trade and per day. Returns vary based on Timeframes activated.

• Hardcoded to execute trades on the M1 & M5 Timeframes. By default, only M5 is activated 

• By default, only one loss per day is permitted, keeping the risk in line with Prop Firm Guidelines.

Please watch the YouTube video below to learn more about the strategy. Please ensure that GoldSymbolName matches your broker's gold symbol.

Backtesting:

Parameter	Setting
Asset	XAUUSD
Timeframe	Hardcoded
Risk %	Fixed Volume + % Balance Available

Trading CFDs carries a high level of risk and may not be suitable for all users; past performance of this Expert Advisor does not guarantee future results. By using this software, you agree to our Terms & Conditions available on our website linked in our bio.