XAUUSD Scalping EA with ATR Risk Controls and Win-Based Scaling

Summary

This document describes a MetaTrader 5 Expert Advisor for scalping gold against the US dollar on a five-minute chart during London and New York sessions. Its controls include a daily loss stop and a maximum spread filter. Users can set trade risk as a percentage and choose stop-loss and take-profit distances through ATR multipliers.

The EA also supports scaling position size after wins, subject to a maximum lot multiplier. An optional local HTTP bridge lets a companion app monitor or control trades, including pausing, closing, and changing stop-loss or take-profit levels. The document recommends configuring the broker’s symbol name and notes that the EA is designed primarily for hedging accounts. It supplies no performance data or entry-signal details, so it does not establish how the strategy selects trades or whether it is profitable. It warns that automated trading can lose the entire account and recommends demo testing.

Key ideas

• The EA scalps XAUUSD on a five-minute chart during the London and New York sessions.
• A daily loss limit and maximum spread filter are included as safeguards.
• Trade risk and stop and target distances are configurable through a risk percentage and ATR multipliers.
• Position size can scale after wins, subject to a maximum lot multiplier.
• An optional local bridge supports monitoring and trade management, while performance evidence is not provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.