Gold Max executes trades based on price action signals, specifically identifying bullish and bearish engulfing candle patterns. To filter entries, the EA incorporates session-based logic, focusing on high-liquidity periods like the London and New York overlaps. It utilizes an Average True Range indicator to account for market volatility and manages risk using fixed lot sizes and a pip-based stop loss. The repository is based on external optimizations and includes supplemental versions using Hull Moving Averages.
Read from GoldMax.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
InpAtrLength
float
1
ATR Length
InpAtrPeriod
float
5
ATR Period
InpAtrMultiplier
float
1
ATR multiplier
limitPriceGap
float
200
stopLossPips
float
300.0
lotSize
float
0.02
Lot Size
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone jikalvin/GoldMax 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, and any .mqh files into the Include folder the code expects.
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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