Gold Thief EA

🌐 Gold Thief EA MT5 V1.0 expert advisor 👑

👉 More about the EA: https://www.mql5.com/en/market/product/191085

👉 Market page in Russian: https://www.mql5.com/ru/market/product/191085

⭐️ Gold Thief EA is an expert advisor for MetaTrader 5 designed for automated trading in gold (XAUUSD). Its strategy uses price action analysis and mathematical calculations to identify potential breakouts of support and resistance levels.

The EA automatically manages entries, position sizes and open trades. Users control the main risk and trading parameters, while several built-in strategy profiles allow different entry and exit conditions.

💎 Key features:

✅ No martingale or grid; the developer also states that it avoids risky approaches commonly used in other EAs.

✅ Can be used with prop firms.

✅ Every trade is protected by a stop loss (SL).

✅ Automatic closure of losing trades.

✅ Automatic management of stop loss (SL) and take profit (TP) according to the selected strategy profile and configured parameters.

✅ Support from the developer.

📊 Recommended trading conditions:

✅ Platform: MetaTrader 5.

✅ Trading instrument: gold (XAUUSD).

✅ Timeframe: H1 or M5.

✅ Minimum deposit: 200 US dollars.

✅ Recommended deposit: 500 US dollars.

💎 Strategy and order management:

✅ Breakout trading: the EA identifies potential breakout levels and can place pending orders near calculated entry zones to open positions when the price moves beyond an identified level.

✅ Support and resistance analysis: calculates significant price levels, with the option to analyze different timeframes when identifying trading zones.

✅ Multiple built-in profiles: each uses its own combination of timeframes, breakout conditions, entry distances and trade management parameters.

✅ Configurable false breakout filter to assess conditions before placing orders.

✅ Automatic pending order management: limits on the number of orders, protection against duplicate entries and configurable expiration.

🛡 Risk and position management:

✅ Configurable initial lot size and risk parameters to suit the trading account and user preferences.

✅ The “Не уменьшать лот после убытка” (“Do not reduce lot size after a loss”) option allows the lot size to remain unchanged after a losing trade. It can be enabled or disabled depending on the chosen money management approach.

✅ A trailing stop adjusts the stop loss (SL) as the trade progresses. High-Low trade management based on price highs and lows is also available.

✅ Breakeven: moves the stop loss (SL) after the price moves a specified distance in the desired direction.

✅ Checks the spread and available margin before submitting new trade requests. If account or broker conditions do not meet the configured requirements, the EA can prevent a request from being submitted.

✅ Trading session management: choose when the EA is allowed to trade.

✅ Friday protection: separate settings for managing trading at the end of the trading week.

🛡 News filter:

✅ An optional filter allows trading to be paused during selected news release periods.

✅ The EA can be configured to close open trades and delete pending orders during the specified news window.

⚙️ Setup and testing:

✅ Using the default settings or contacting the developer for recommended settings files is recommended.

✅ Select a strategy profile and configure the initial lot size, risk parameters, position management and permitted trading hours.

✅ Enable the false breakout filter, news filter, trailing stop and breakeven as needed.

✅ The information panel on the MetaTrader 5 chart can be enabled or disabled; its position, font size and refresh interval are configurable.

✅ The EA supports testing in the MetaTrader 5 Strategy Tester. Fast testing mode reduces chart and information panel updates during the test.