Orcakilleralgo

🌐 Orca Killer Algo MT5 Expert Advisor 👑

👉 More about the EA: https://www.mql5.com/ru/market/product/178021

👉 Market page in English: https://www.mql5.com/en/market/product/178021

⭐️ Orca Killer Algo is an automated expert advisor for MetaTrader 5, designed to trade gold (XAUUSD) on the M5 timeframe. The strategy combines algorithmic analysis of market data with mean reversion: trading decisions follow predefined rules that account for market conditions, the time within the trading session and price behavior.

💎 Key specifications:

✅ Instruments: XAUUSD and NAS 100.

✅ Recommended timeframe: M5.

✅ Strategy type: algorithmic, data-driven, with mean reversion.

✅ Individual order trading: yes; up to 2 simultaneously open positions are recommended.

✅ Minimum deposit: 200 USD with a lot size of 0,01. A balance of at least 300 USD is recommended for 2–3 simultaneous positions.

✅ Maximum number of positions: listed as 2 in the specifications. However, the developer also recommends 2–3 positions for accounts with at least 300 USD; this discrepancy should be considered when choosing settings.

✅ Recommended execution conditions: ECN / RAW / low-spread accounts. The developer's description lists IC Markets and VT Markes; Raw Spread or True ECN accounts are recommended for ECN brokers, including IC Markets.

✅ Compatibility: brokers with 2- and 3-digit quotes, any deposit currency and any GMT offset.

💎 Position management and trading logic:

✅ The EA does not use martingale, grid or arbitrage strategies and controls the number of simultaneously open positions.

✅ Entries and exits follow predefined rules; fixed Stop Loss and Take Profit values are set in the input parameters.

✅ A built-in pause between consecutive entries limits excessive trading activity.

✅ Current market data is processed on every tick. Before placing an order, internal filters assess market conditions, the time within the trading session and price behavior.

✅ All calculations run locally in MetaTrader 5. No external services, cloud-based artificial intelligence systems or third-party data feeds are required.

🛡 Risk management and execution:

✅ Lot size and the maximum number of positions are configured to suit the account size.

✅ A built-in hard limit on risk per trade relative to the account balance limits potential losses when the distance to Stop Loss is too large.

✅ New trades are blocked when the spread is abnormally high. The spread and trading conditions are checked before each order is submitted.

✅ Available margin is checked before placing a trade to avoid submitting orders when funds are insufficient.

✅ A daily loss limit and a protective shutdown mechanism automatically pause trading when the configured limits are reached, including after a specified number of consecutive losing trades.

✅ The trailing stop activates once the specified profit threshold is reached and progressively protects the position's accumulated gains.

✅ After each trade, the EA reassesses market conditions before allowing the next entry.

✅ Open positions are forcibly closed once a configurable holding period has elapsed.

⚙️ Setup and launch:

✅ Open an XAUUSD chart in MetaTrader 5 and set the timeframe to M5.

✅ Attach Orca Killer Algo to the chart.

✅ In the input parameters, set the lot size and maximum number of positions to suit the account balance. Check the Stop Loss, Take Profit and other available trade management settings.

✅ Enable algorithmic trading in MetaTrader 5.

✅ Once launched, the EA will begin tracking the market and trading when its internal conditions are met.

📝 Usage notes:

✅ Trading frequency depends on market conditions and filter status. There may be periods when no positions are opened.

✅ Results depend on the broker's execution quality, spreads, VPS stability if one is used, and overall market volatility.

✅ The EA is designed for brokers offering ECN conditions. Results may differ on market-maker accounts and accounts with fixed spreads.

✅ Before running the EA on a live account, the developer strongly recommends testing different configurations in the MetaTrader 5 Strategy Tester.