Gold 0800 SGT Support Resistance: Free MT5 Expert Advisor

Overview

Gold 0800 SGT Support Resistance calculates entry points using specific candle patterns and includes ATR-based take-profit targets. The system manages risk through fixed lot sizes or equity percentage, utilizing stop losses and configurable reward-to-risk ratios. It offers three operational modes: placing pending limit orders at calculated levels, fading breakouts of take-profit lines, and executing trades from external Telegram signals via a file-based bridge. The tool includes an optional manual confirmation feature for each trade to ensure user oversight before execution.

Automated daily support and resistance levels at 08:00 SGT

ATR-based multi-step take-profit calculations

Mean-reversion trading via breakout-retest fading

Telegram signal integration through file-based bridge

Optional manual confirmation popups for order execution

Details

Author

XingHan98 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Breakout

Markets

Gold

Timeframes

M15-H1

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

Source

github.com/XingHan98/gold-0800-sgt-sr

Input parameters

Read from GoldSupportResistance_telegram.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`InpManualOffsetHours`	`int`	`9999`	Server->UTC offset in hours (9999 = auto-detect)
`InpLookbackBars`	`int`	`300`	Max 15-min bars to walk back when searching
`InpResColor`	`color`	`clrTomato`	Resistance line color
`InpSupColor`	`color`	`clrDodgerBlue`	Support line color
`InpSigBuyColor`	`color`	`clrMediumPurple`	Signal BUY entry + TP lines
`InpSigSellColor`	`color`	`clrDarkOrange`	Signal SELL entry + TP lines
`InpLineWidth`	`int`	`2`	Line width
`InpSignalFile`	`string`	`gold_signal.txt`	Signal file name in Common\Files
`InpEnableLayers12`	`bool`	`false`	Master: Layer 1 pending orders + Layer 2 day-TP retest
`InpEnableRetest`	`bool`	`true`	Layer 2: fade retests of the day's TP levels
`InpEnableSignals`	`bool`	`true`	Layer 3: fade the Telegram signal's TP lines
`InpAskConfirmation`	`bool`	`false`	Layers 1+2: Yes/No popup before each order

Show all 25 inputs

Name	Type	Default	Description
`InpSignalAskConfirm`	`bool`	`true`	Layer 3: Yes/No popup before each fade order
`InpDrawSignalLines`	`bool`	`true`	Draw the signal's entry/TP lines on the chart
`InpDrawWeekends`	`bool`	`false`	Draw levels on Sat/Sun (gold normally closed)
`InpLots`	`double`	`0.1`	Fixed lot size (used when risk % = 0)
`InpRiskPercent`	`double`	`0.0`	Risk % of equity per trade (0 = fixed lots)
`InpSLBufferPoints`	`int`	`150`	Layer 1: SL buffer beyond the level, points
`InpTPMode`	`ENUM_TP_MODE`	`TP_OPPOSITE_LEVEL`	Layer 1: take-profit mode
`InpRiskReward`	`double`	`2.0`	Layers 1+2: reward:risk ratio
`InpOrderExpiryHours`	`int`	`24`	Layer 1: pending-order expiry, hours after 08:00 SGT
`InpRetestBufferPct`	`double`	`0.05`	Layers 2+3: breakout buffer, % of the level price
`InpRetestWindowBars`	`int`	`4`	Layers 2+3: retest window, M15 bars (0 = no limit)
`InpSigFadeUSD`	`double`	`10.0`	Layer 3: fade SL & TP distance from entry, USD
`InpMagic`	`long`	`260800`	Magic number

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone XingHan98/gold-0800-sgt-sr 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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