Xauusd Auto Trader identifies entries through a triple Exponential Moving Average crossover system, requiring ADX momentum confirmation before opening positions. To manage losing trades, the EA employs a martingale strategy that layers orders at fixed point intervals with doubled lot sizes. Risk controls include a global dollar-based profit target and an equity drawdown protection threshold. The source code contains a hardcoded license check that requires manual bypass as described in the documentation.
Read from XAUUSD-Auto-Trader.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
BaseLot
double
0.01
EMA_Fast
int
6
EMA_Mid
int
16
EMA_Trend
int
200
ADX_Period
int
14
ADX_MinStrength
double
25.0
StepPoint
int
250
MaxOrder
int
5
TargetProfitUSD
double
1.0
MaxDDPercent
double
10.0
MagicNumber
ulong
990099
TradeComment
string
@Pandawa5 Mr Cuan
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone ibadnarpatih-create/XAUUSD-Auto-Trader-MQL5 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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