Prem Gold Advisor is an automated MetaTrader 5 expert advisor specialized for XAUUSD (Gold) trading on the five-minute timeframe. It initiates trades using breakout levels placed at specific distances from the candle open. The strategy features a progressive scale-in mechanism, adding new orders as the price hits succe
Trading robot · MT5
17BA Gold Scalper
17BA Gold Scalper is an automated trading system for MetaTrader 5 that employs a pending one-cancels-other breakout strategy.
High risk
GitHub stars1
Forks0
Last update2 months ago18 Jul 2026
LicenceNone stated
Overview
17BA Gold Scalper places buy and sell stop orders around the market price; once one triggers, the opposite is cancelled. To manage adverse movements, the EA initiates a Fibonacci recovery basket, adding layers at specific price gaps to reach a consolidated take profit. It includes risk management features such as a drawdown guard that closes all positions at a defined loss percentage and an ATR volatility filter. The system offers two variants for aggressive gold trading or tamer multi-instrument operation.
- Pending OCO breakout entry system
- Fibonacci-based recovery basket logic
- ATR volatility filter for entry suppression
- Equity drawdown guard with percentage-based closure
- Automatic volatility-based parameter scaling
Details
Author
jmac17ba on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
Breakout, Martingale, Grid
Markets
Gold, Forex
Timeframes
M1-M5, M15-H1
Risk profile
- Uses martingale lot scaling: losses can grow fast
- Opens a grid of orders: exposure builds up in a trend
- Trades without a fixed stop loss
EA files
Input parameters
Read from 17BA_Chakka.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpTPDist | double | 0.40 | TP distance in price units (gold-tuned; auto-scaled if InpAutoScale) |
InpRecovGap | double | 1.20 | Gap between recovery levels (gold-tuned; auto-scaled if InpAutoScale) |
InpMaxLevels | int | 12 | Max recovery levels (1-12). More levels = deeper averaging but much bigger risk |
InpMagic | int | 171717 | |
InpSlippage | int | 30 | |
InpEnableLogs | bool | true | |
InpUseGuard | bool | true | Master switch — turn the drawdown guard off completely |
InpMaxLossPct | double | 20.0 | Emergency-close committed basket at this % of balance floating loss |
InpAutoScale | bool | false | Turn ON when running on non-gold instruments |
InpATRPeriod | int | 14 | ATR period used for scaling |
InpRefATR | double | 4.00 | Reference ATR (price) the fixed distances are tuned at (XAUUSD M15) |
InpUseVolFilter | bool | true | Don't OPEN new straddles when volatility is elevated |
Show all 25 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpMaxATRMult | double | 1.8 | "Elevated" = current ATR > this × its recent average |
InpVolLookback | int | 100 | Bars to average ATR over for the volatility baseline |
InpEntryGap | double | 0.50 | Distance from price to each pending stop (price units) |
InpUseSession | bool | false | |
InpStartHour | int | 1 | |
InpStopHour | int | 23 | |
InpUseOBLQ | bool | true | |
InpOBLookback | int | 60 | |
InpOBBodyRatio | double | 0.55 | |
InpOBBuffer | double | 0.60 | |
InpLQLookback | int | 40 | |
InpLQSwingLen | int | 4 | |
InpLQBuffer | double | 0.50 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone jmac17ba/goldscalper-ea from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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