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Content: Expert: Gold Scalping Expert_fix.ex4 v2.05 (Unlocked-Unlimited), Presets, NO MANUAL.
Gold Scalping Expert — Smart Algorithm for Trading Gold Breakouts
Gold Scalping Expert is a highly intelligent and adaptive Expert Advisor designed specifically to capitalize on gold price movements triggered by major high-impact events — such as geopolitical developments, pandemics, and economic changes. This EA leverages breakout strategies using the popular Zig-Zag indicator to place pending orders at key turning points. When the price breaks beyond these levels, the orders are triggered to capture momentum moves.
How It Works:
Uses Zig-Zag indicator turning points to identify breakout levels.
Places pending orders just beyond these turning points to catch breakout moves.
Employs a smart trailing stop and dynamic stop loss to safeguard profits and manage risk efficiently.
Does not use martingale or any risky money management techniques, ensuring a safer trading experience.
Designed to react intelligently to sudden market volatility often seen during major news and event-driven spikes.
Key Settings:
Open New Series: Enable/disable starting a new series of orders.
Trade Buy / Trade Sell: Allow the EA to open buy or sell trades.
Support Manual Orders: Let the EA control manually opened orders (true/false).
Max Market Orders: Maximum allowed open market orders.
Max Pending Orders: Maximum allowed pending orders.
Use Money Management: Enable/disable automatic lot size calculation.
Autolot: Lot size calculation based on free margin (e.g., 0.01 lots per X free margin).
Take Profit (TP): Take profit target in points.
Trailing Stop Settings:
Trail Start: Points after which trailing stop activates.
Trail Step: Distance in points for trailing stop adjustments.
Close on Reverse Signal: Close all open trades when the signal reverses (true/false).
Trading Hours:
Start Hour: Time to begin trading each day.
End Hour: Time to stop trading each day.
Visual Settings:
Draw profit tags on chart (on/off).
Background color for results display.
Magic Number: Unique identifier for EA trades to avoid conflicts.
Zig-Zag Indicator Settings: Customize the Zig-Zag parameters to fine-tune breakout detection.
Why Choose Gold Scalping Expert?
Designed for scalping gold with precision during volatile market conditions.
Intelligent risk management protects your account without relying on risky money management.
Easy to configure with customizable trading hours, money management, and order controls.
Ideal for traders looking for automated breakout trading without constant monitoring.
Developed to handle the unique behavior of gold around major market-moving events.
