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LL Gold Scalper EA MT5

4
LL Gold Scalper EA is the new scalping system on XAUUSD (Gold) symbol.
Trade with a system based exclusively on loss averaging and mathematical calculations.
The EA choose initial trade set with the use of a Trend Indicator, then uses a grid with multiplier for lots and distance to manage position to TP.

The system is already optimized for the XAUUSD (Gold) symbol on M15 timeframe, but you can customize it to your liking thanks to the multitude of functions available in the Settings panel.

Settings

Max Orders - number of max positions (separate buy/sell)
Start Lots - initial lotsize
Use Autolot - false/use Start Lots, true/autocalulate 0.01 each Margin Autolot
Margin Autolot - how much freemargin for 0.01
Lot Multiplier - applied for each new position based on the last one
Max Lots - number of max lots for position
TakeProfit - tp in points for all positions (separate buy/sell)
Start/End Hours - hours for EA activity (open, close and manage positions)
Close Order Overlap - turns on/off the position decreasing logic, which close the last position with the oldest one in loss
Number Order for Overlap - overlap closing logic order start
Initial Distance - distance between orders
Start Dynamic Distance after - number of orders for dynamic distance
Distance Start - initial dynamic distance
Distance Multiplier - multiplier applied to distance on each new position based on the last one
Equity DD % SL - equity DD% after that EA closes oldest orders to free DD% threshold
Margin Level % SL - margin level % after that EA closes oldest orders to free DD% threshold

Note that Equity DD % & Margin Level % conditions are both connected. The SL acts when both conditions are satisfied.

 


Reviews 1
Jirka Krejci
62
Jirka Krejci 2023.12.15 15:02 
 

Edit: after update 1.3 and tunnig of settings is EA reliable. Equity and margin level SL are connected and author should have to better described this SL logic how to set correctly to provent

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Jirka Krejci
62
Jirka Krejci 2023.12.15 15:02 
 

Edit: after update 1.3 and tunnig of settings is EA reliable. Equity and margin level SL are connected and author should have to better described this SL logic how to set correctly to provent

Leopoldo Licari
2005
Reply from developer Leopoldo Licari 2024.02.14 12:57
thanks for the feedback.
I always accept criticism because it motivates me to improve. however, let me correct you, the system has two different SL modes built in, one based on % equity and one based on % margin level. as you can see from the realtime signal, an SL was taken in November which left the previous month's gains. Thanks anyway for the comment, I hope to release an improved update in the future! Edit: Thank you for the encouragement and support. I have updated the description of the EA by better specifying the functioning of the SLs.
Reply to review
Version 1.4 2024.07.14
- new default set optimized for 2024
- performance improvements
- minor bug fix
Version 1.3 2024.01.25
- fixed lotsize calculation
Version 1.2 2024.01.25
- updated default set
- minor fixes and improvements
Version 1.1 2023.10.03
- added Breakeaven and TakeProfit line levels