Trading utilities for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
This EA leverages short-term price movements in the gold market from small price fluctuations triggered by specific liquidity levels with trailing functions ensuring maximum profitability.
Key Features:
- Multiple Assets: Can be deployed on XAUUSD and currency assets.
- Compounding Returns: Automatically scale your account with Automatic compounding.
- Memory Executed: Trades are deployed and managed in memory instead of Stop/Limit Orders & Modify. Allowing for greater control of entries and trailing.
- Recommended Start Capital: $1,000 on 30x Leverage brokers. $500 on 100x Leverage brokers.
- Timeless Strategy: EA takes advantage of market makers liquidity swipes, stop loss hunts and breakthroughs. Which is a consistent function of the market.
- Trade Times: London & NY trade times recommended
- Liquidity Timeframes: Multiple liquidity timeframes to choose from to allow concurrent asset trades on each timeframe. Default 1min - Higher timeframe will get less trades.
Notes: Back testing results performed on Raw Spread account on IcMarkets broker at x 20 leverage for XAUUSD. Spread accounts also work well with the EA.
Live Signals coming soon..
About me: I have almost 20 Years programming experience, starting in 2006 with PHP and 6 years experience in financial markets with different strategies deployed via EAs. Any question don't hesitate to DM me. My time zone is UTC+10 - I will respond as soon as possible.
| VARIABLE | VALUE | DESCRIPTION |
|---|---|---|
| Variation in Points from initial entry | 400.00 | Difference in price when attempting to place a trade from a specific liquidity level. Can be used to protect from extreme volatility spikes/rejections. The default value has 400 points, which is a $4 price difference in XAUUSD (gold) |
| Fixed lot size | 0.04 | Fixed lot size amount used with “Fixed lot size” option in Lot size management |
| Lot Size Management | Medium risk compounding | Lot size management has 4 options:
All compounding options automatically scale lot sizes up/down depending on available margin. |
| Time frame for Liquidity | 1min | Time frame to scan liquidity levels. Higher time frames will get less trades |
| Recovery after loss, then trade normally | False | If have a loss, recovery multiplies previous lot to recover draw down as fast as possible – will only recover balanced loss to a positive from previous 6 trades then scale back to original lot size. . (Eg, ... +2.64 | -$1.95 | -$2.05 | +1.98 .. ). If the sum is negative recovery will engage else lot size will return to normal. |
| Increase subsequent lots x multiplier | 2 | Multiplier to increase recovery trades by |
| SL in points | 90 | Stop loss in Points |
| Trailing Trigger start (Points) | 95 | Trailing will start when current price is above entry price |
| Trailing step (Points) | 10 | Trailing step in points will follow from current price |
| Session times | London and NY Only | It is best to restrict trading to highest volume times.
|
| Start monitor time (HH:MM:SS) | 08:00:00 | Custom Start session time used with “Custom” option |
| End monitor time (HH:MM:SS) | 20:00:00 | Custom End session time used with “Custom” option |
| Comment to add to trades | [BOT] | Custom Comment to add to trades |
| Max. slippage points (Ctrade deviation) | 5 | Sets the allowed deviation for Instant execution broker accounts |
| Max spread points | 20 | Maximum spread points provided by broker |
| Magic | 111 | Unique EA identifier. If multiple EAs/Trades running on same account. TriGold will only interact with its own trades. |
| Raw and Spread accounts Raw Account: A raw spread is the difference between the bid and ask price in trading, with no additional markup by brokers. It shows the real market price for a trading instrument, typically very low, since it directly reflects the inter bank or liquidity provider's pricing. Raw spread accounts are often paired with a commission fee instead of a higher spread, allowing traders to access tighter, more transparent pricing. The benefit of a raw account is more accurate liquidity execution levels and trailing without the greater variance of spreads. Trades are usually executed on point of liquidity levels not before and tighter trailing functions. Spread Account: A spread account broker offers trading accounts where their profit is built into the spread, meaning the difference between the bid and ask price is slightly marked up. Unlike raw spread accounts, these don't typically charge a separate commission, as the cost is included within the wider spread. This type of account provides simpler fee structures but may have higher overall costs than raw spread accounts, especially for high-volume traders. The drawback for TriGold scalping EA is that trades are either executed by spread before liquidity level is reached and harder to trail due to variable spreads (even though trade is already executed). The variance factor for Spread account can produce unpredict able live account outcomes even though back-testing shows good results. |
