Gold Trade PRO EA

The Gold Trade Pro EA is a sophisticated Expert Advisor for MetaTrader 4, meticulously crafted for trading the XAUUSD pair. It integrates a suite of advanced strategies and risk management features, making it a powerful tool for traders seeking precision and adaptability in the dynamic gold market.

RECOMMENDATIONS:
PAIR: XAUUSD

TIMEFRAME: H4

ACCOUNT TYPE: ECN or Zero Spread

LEVERAGE: 1:500

(This EA includes 1 preset)

Key Features and Functionalities:

Diverse Strategy Integration:

• The EA supports up to 8 distinct trading strategies (Strategy A – H), each with its unique approach and configuration.
• Strategies are highly customizable, allowing traders to set different timeframes, lot sizes, take profit, and stop loss levels.
• Flexibility is at the core, enabling these strategies to operate either concurrently or independently, based on the trader’s preference.

Advanced Pending Order Management:

Includes a restoration mechanism that reactivates pending orders once favorable market conditions are re-established.

Continuously monitors and optimizes pending orders, dynamically adjusting or canceling them in response to market fluctuations such as changes in spread and price levels.

Comprehensive Time and Market Filters:

• Equipped with filters to halt trading during specific periods, such as the daily rollover or weekends, safeguarding against unfavorable trading conditions.
• A robust spread filter ensures that no orders are placed if the spread exceeds a predefined threshold, protecting against volatile market conditions.

Dynamic Risk and Lot Management:

• Automatically calculates lot sizes based on account balance or equity, ensuring proportional risk management.
• Offers the flexibility to manually control risk per trade or to use a fixed lot size, catering to different trading styles.

Virtual Order Expiration:

• Implements a virtual expiration feature, allowing the EA to cancel orders if predefined conditions are not met within a specified timeframe, even if the orders remain active on the broker’s server.

Real-Time Information Interface:

• Features an intuitive information panel that provides real-time insights into critical trading metrics, including current spread, the number of pending orders, and other essential statistics.

Operational Overview:

Initialization and Setup (init):

• Upon activation, the EA meticulously configures initial parameters and adapts to the XAUUSD pair, ensuring optimal performance.
• Automatically detects and adjusts for any suffixes in the symbol (e.g., XAUUSDm) to maintain seamless operation.

Real-Time Operation (OnTick):

• With every market tick, the EA assesses current conditions, executing the logic for the active strategies with precision.
• Capable of opening new trades or modifying existing ones based on real-time market analysis and spread conditions.
• Efficiently manages trade closures during critical periods, such as pre-weekend sessions, to minimize exposure.

Deactivation and Cleanup (deinit):

• Upon deactivation, the EA ensures that all open positions are closed in an orderly manner and that all necessary cleanup procedures are executed.

The Gold Trade Pro EA stands out for its versatility and robustness, designed to adapt seamlessly to varying market conditions. It empowers traders to apply multiple strategies concurrently while maintaining stringent risk management and precise order execution. Whether in periods of market calm or turbulence, this EA is engineered to deliver consistent performance, making it an invaluable tool for serious gold traders.