IS (InvestSniper) Red EA is designed specifically for trading XAUUSD (Gold), providing a safe, non-martingale-based trading approach that incorporates smart risk management techniques.

Key Features:

• No Martingale or Risky Strategies: IS Red EA does not use Martingale or other high-risk strategies for profit making. Instead, it focuses on safe and calculated entries with a fixed stop loss to limit maximum risk on each trade.

• Full Automation: The EA operates fully automatically, requiring no manual intervention even during news events. It executes trades based on market movements and continues operating without needing to be turned off or adjusted.

• Trade Logic: The EA uses a counter-pending trade strategy:

  • When there is a significant market move (a large long bar), the EA places a pending trade in the opposite direction with a fixed stop loss (SL) and take profit (TP).

  • The pending order is then adjusted with the market price until a reversal occurs. Once the trade is engaged, the EA moves the stop loss in line with the market movement.

  • Only one trade is opened at a time, and the EA waits for the initial trade to close (whether in profit or loss) before opening another trade. This ensures that there is no overexposure or multiple trades being opened at once.

• Timeframe: The strategy is designed for the 5-minute (5M) timeframe.

• Trade Pauses: After the close of a bar (candle), the EA stops trading until a new long bar is formed, which reduces the risk of trading during volatile conditions.

Requirements:

• Leverage: Recommended leverage is between 1:100 to 1:500.

• Balance: Minimum account balance should be $100 or more.

• Broker Compatibility: Works well with IC Markets RAW or Tickmill PRO accounts, both of which provide ECN (Electronic Communication Network) access for better execution.

• Server: The EA requires a reliable VPN or a stable home PC to avoid interruptions in trading.