Multi Timeframe Trend Gold EA analyzes the market using a multi-timeframe approach, referencing H4 and H1 Exponential Moving Averages to establish trend direction. Entry signals are refined with indicators including the Average Directional Index, Relative Strength Index, and Bollinger Bands. The system incorporates robust risk controls, such as daily and weekly drawdown limits, fixed percentage risk per trade, and ATR-based volatility adjustments. Additional filters include specific trading session windows and a news event pause function.
Multi-timeframe trend analysis using H4 and H1 EMAs
Account-level daily and weekly drawdown protection
ATR-based stop loss with multiple risk-to-reward targets
Integrated news filter and session-specific trading logic
Read from ExpertAdvisor3.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
RiskPercentPerTrade
double
1.0
Risk % per trade
DailyDrawdownLimit
double
3.0
Daily loss % limit
WeeklyDrawdownLimit
double
6.0
Weekly loss % limit
MaxConcurrentForex
int
2
Max open Forex trades
MaxConcurrentGold
int
1
Max open XAUUSD trades
H4_EMA_Period
int
200
H4 macro trend EMA
H1_EMA_Period
int
50
H1 intermediate EMA
ADX_Period
int
14
ADX period
ADX_Threshold_Forex
double
25.0
Min ADX for Forex trend
ADX_Threshold_Gold
double
20.0
Min ADX for Gold trend
RSI_Period
int
14
RSI period
BB_Period_Forex
int
20
BB period (Forex)
Show all 33 inputs
Name
Type
Default
Description
BB_Dev_Forex
double
2.0
BB std dev (Forex)
ATR_Period
int
14
ATR period
MaxSL_Pips_Forex
int
30
Max SL pips (Forex)
TP1_RR
double
1.5
TP1 risk:reward
TP2_RR
double
2.5
TP2 risk:reward
Slippage_Forex
int
30
Max slippage points
MinSL_Pips_Gold
int
150
Min SL pips (XAUUSD)
MaxSL_Pips_Gold
int
400
Max SL pips (XAUUSD)
Slippage_Gold
int
50
Max slippage points (Gold)
GoldTP_RiskOff_Mult
double
1.15
TP multiplier in risk-off
TradeLondon
bool
true
Trade London session
TradeNewYork
bool
true
Trade New York session
TradeAsia
bool
false
Trade Asian session (Forex)
TradeAsiaGold
bool
true
Trade Tokyo gold hours
UseNewsFilter
bool
true
Enable news filter
NewsBefore_Forex
int
30
Mins before news
NewsAfter_Forex
int
30
Mins after news
NewsBefore_Gold
int
45
Mins before USD news (Gold)
NewsAfter_Gold
int
45
Mins after USD news (Gold)
MagicNumber
int
20240101
EA magic number
DebugMode
bool
false
Enable debug output
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone kimanijames817-glitch/mt5-ea-trading-bot 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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