Gold Recovery EA Combining RSI Filters, ATR Spacing, and Basket Management
Summary
This document outlines an expert advisor intended for XAUUSD on a 15-minute chart. It combines RSI entry filtering with recovery entries spaced according to ATR, plus market-structure checks based on lower lows, lower highs, and support conditions. Position sizing can use fixed lots or balance-based compounding. The described controls include basket profit targets, trailing of basket profits, and an optional trimming feature.
Risk and operating protections include spread and slippage checks, equity-loss limits, pauses after crash-like movements, and optional news filtering from a calendar, a CSV file, or both. A chart dashboard reports recovery and system status, and many parameters are configurable. The document provides a feature description rather than code, test results, or evidence of profitability. Recovery approaches can accumulate exposure as positions are added, and the description does not quantify drawdown or other risks; it explicitly makes no guarantees and recommends testing in a strategy tester and on a demo account before live use.
Key ideas
- The EA filters entries with RSI and adapts recovery spacing to ATR.
- It checks market structure and support conditions before recovery entries.
- Sizing options include fixed lots and balance-based compounding.
- Basket targets, trailing, and optional trimming manage groups of positions.
- Spread, slippage, equity-loss, crash-movement, and news controls are described, but no performance evidence is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.