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Blitz Gold EA

Introducing Blitz Gold Trader: the cutting-edge solution for executing gold trades with unmatched speed and precision. Crafted by a team of seasoned traders and developers, this advanced trading robot utilizes a powerful algorithm that incorporates price action analysis, trend tracking, and can be customised with multiple indicators. It is designed to optimize trades on a fast M5 timeframe, seizing profitable opportunities while minimizing risk.

Blitz Gold Trader operates with a clear, risk-averse strategy: no grid, no martingale, and no hedging. The robot strictly opens only one position at a time, ensuring controlled and focused trading. Instead of relying on a news filter, this version adjusts to varying spreads, allowing for continuous trading even during volatile market conditions.

Getting started with Blitz Gold Trader is seamless. With an intuitive setup, you only need to adjust the lot size and choose whether the robot should operate 24/7 or during specific times in the day. The robot is compatible with MetaTrader 5 and works with any Forex broker or prop trading firm.

Low DD - Current prop firm challenges participating with this EA - Axi select and Darwinex Zero.

Getting started
Screenshots are from testing with MT5 on RoboForex, real ticks 5M 1 lots, and 100,000 USD.
Feel free to lower the lot size and account balance to suit your economic situation.

Backtested version on Roboforex is with default settings and ECN account.

We also advise everyone to backtest with real ticks on your broker’s MT5, and adsjust settings accordingly as the execution of orders can vary significantly.

New version coming soon:
We are currently developing a new version of Blitz Gold Trader, which will include a news filter to pause trading before and after high-impact news events, further enhancing risk management.


GUIDE

Blitz Trading Inc - Expert Advisor (EA) Quick Guide

Risk Warning

Trading in forex and futures carries high risks. Only trade with money you can afford to lose.

Setting Up the EA

  1. Installation: Install the EA in MetaTrader 5, drag it to a chart, and enable "Allow live trading."
  2. Key Settings:
    • Entry Amount: Default is 0.10 lots.
    • Stop Loss/Take Profit: Leave both at 0 to let the indicators manage exits. Enable them only if backtesting shows better results.

How the EA Works

This EA is designed specifically for trading Gold (XAUUSD) on the 5-minute timeframe. It uses multiple indicators to enter and exit trades:

  • Stochastic: Measures market momentum.
  • Momentum: Tracks the strength of trends.
  • Envelopes, Pin Bar, Bollinger Bands: Used to manage trade closures.

Trading Hours: Feel free to try other time periods than those default

Protection Features

The EA includes safety features to limit risk:

  • Max Spread
  • Max Daily Loss
  • Max Drawdown

News Filter (Not Yet Implemented)

The EA has settings for a news filter, but it’s not yet active.

Visual Indicators & Statistics

  • Indicators: Can be shown on the chart if enabled.
  • Statistics: Provides info on open positions and account protection.

Important Notes

  • Timeframe: Best used on the 5-minute chart for Gold.
  • Backtesting: Feel free to adjust parameters and test other variables to find the best settings.
  • Demo Testing: Always test the EA on a demo account before using real money.


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After years of manually trading gold and watching its every move, I finally decided to transform my proven strategies into an automated solution. I was fortunate enough to meet an exceptional programmer who shared my passion for the markets. What started as casual discussions about trading turned into a partnership that would lead to creating Goldenity - a sophisticated AI-powered system that combines my trading experience with cutting-edge machine learning. We spent the last year pouring our h
The Gold Reaper MT5
Profalgo Limited
4.3 (77)
PROP FIRM READY! ( download SETFILE ) LAUNCH PROMO: Only a few copies left at current price! Final price: 990$ Get 1 EA for free (for 2 trade accounts) -> contact me after purchase Ultimate Combo Deal   ->   click here JOIN PUBLIC GROUP:   Click here New V2.2 Live Signal Welcome to the Gold Reaper! Build on the very succesfull Goldtrade Pro, this EA has been designed to run on multiple timeframes at the same time, and has the option to set the trade frequency from very conservative to extreme
Wall Street Killer
Pablo Dominguez Sanchez
4.88 (33)
After 6 Years of Successful Manual Trading, My Strategies Are Now Available as Expert Advisors! Introducing the WallStreetKiller EA – a trading system built for the US30 from years of hands-on experience, extensive testing, and a steadfast commitment to secure, strategic trading. NO GRID, NO MARTINGALE, TIGHT SL EVERY TRADE. ONE TRADE PER DAY .   NO LOT MULTIPLIER.  The price of the EA will increase by $100 with every 10 purchases. ICTRADING LIVE 10K SIGNAL   (You won´t see many other sellers wi
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Introducing Blitz Gold Trader Pro : the cutting-edge solution for executing gold trades with unmatched speed and precision. Crafted by a team of seasoned traders and developers, this advanced trading robot utilizes a powerful algorithm that incorporates price action analysis, trend tracking, and can be customised with multiple indicators. It is designed to optimize trades on a fast M1 timeframe, seizing profitable opportunities while minimizing risk. The Pro Version is with a different set of i
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Marco B
33
Marco B 2025.01.20 22:43 
 

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Eddy Bang
3009
Reply from developer Eddy Bang 2025.01.21 01:05
Thank you
TEAM PAYAMAN
26
TEAM PAYAMAN 2024.11.28 07:42 
 

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Eddy Bang
3009
Reply from developer Eddy Bang 2025.03.29 14:06
Thank you
Ketil Hugdahl
130
Ketil Hugdahl 2024.10.01 17:33 
 

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worldofhunger
979
worldofhunger 2024.09.25 17:00 
 

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Eddy Bang
3009
Reply from developer Eddy Bang 2024.09.25 18:02
Hi worldofhunger820, I understand your concerns about losing money with a smaller account. In fact, with proper lot sizing and risk management, blowing your account would take a long time, even on a 1,000 USD balance. The system is designed to handle risks carefully with manageable losses and consistent wins. The key here is steady, controlled trading, and because we avoid strategies like martingale (which doubles positions after losses), your risk remains much more contained. Let me explain how the system would work with a more typical account size of 1,000 USD instead of the 100,000 USD example from earlier. If you’re using a 1,000 USD account, the system can still perform well when we adjust the lot size accordingly. Here’s how it breaks down: Profit: In the original test with a 100,000 USD balance, the system made around 59,620 USD. For a 1,000 USD account, that would adjust to 596.20 USD in profit over the same period.
Largest Trade: The biggest profit in the original example was 1,496.64 USD. On a smaller account, this would be about 14.96 USD—still a good trade.
Risk/Losses: The largest loss recorded was -3,553.40 USD. For a 1,000 USD account, that’s scaled down to -35.53 USD—a much more manageable risk. The system wins about 74% of the time, meaning it’s designed to generate frequent small profits. Even if losses occur, as long as the lot size is properly adjusted, you can avoid significant damage to your account balance. It's also essential to let the system run for a longer period to see its full potential. Many users find that after a month or more, the profitability and consistency become clearer. If you'd like, I can help customize a setup tailored to your balance and risk tolerance. Just let me know your broker, and we can make sure you’re getting the most out of the system while keeping your risk in check. Best regards,
Eddy & Team Blitz
yuk kim
633
yuk kim 2024.09.25 15:30 
 

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pinuwe
84
pinuwe 2024.09.25 09:59 
 

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Eddy Bang
3009
Reply from developer Eddy Bang 2024.09.25 13:56
Hi Pinuwe, Thank you so much for your kind words and for updating your rating after the issue was resolved. I'm really glad we could assist you and provide the support you needed! It’s great to hear that, despite the account type mismatch, we were able to help adjust the set file and get as close as possible to what you were looking for. Your satisfaction is our top priority, and it means a lot that you're pleased with the efforts made, even though switching to an ECN account might be a better fit for your needs. Wishing you the best of luck with your new broker, and thank you again for your understanding and feedback! Best regards,
Eddy + team
[Deleted] 2024.09.24 22:14 
 

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Eddy Bang
3009
Reply from developer Eddy Bang 2024.09.25 13:00
Thank you for your feedback, Monaliss! I'm glad to hear that it seems stable so far. Feel free to take your time testing it, and if you have any questions or need assistance as you move forward, don't hesitate to reach out. Wishing you the best of luck when you decide to go live!
Reply to review
Version 7.2 2024.12.17
Blitz EA XAUUSD M5 31DP 1318208039.mq5
Version: 7.2
We are pleased to announce the release of Version 7.2 of the Blitz EA for trading XAUUSD on the M5 timeframe. This update builds upon the previous enhancements and introduces new features aimed at improving trading flexibility and encouraging broader testing.

What's New in Version 7.2
Trade Direction Settings

New Input Parameters:
AllowLong: Allows users to enable or disable long (buy) trades.
Allow_Short_Trades: Allows users to enable or disable short (sell) trades.
Enhanced Flexibility: Traders can now specify whether the EA should execute only long trades, only short trades, or both, aligning the EA's operations with their market outlook and strategy preferences.
Encouragement for Multi-Pair Testing

Expanded Compatibility: While the EA is optimized for XAUUSD on the M5 timeframe, we invite users to test it on other currency pairs and timeframes.
Feedback Request: We highly appreciate feedback from users who test the EA on different instruments. Your insights will help us improve the EA's performance and adaptability in various market conditions.

Other updates
Optimization Manager Implementation

New Class: Introduced COptimizationManager to manage optimization processes efficiently.
Indicator Caching: Implements caching of indicator handles to reduce redundant calculations during optimization runs.
Multithreading Support: Adjusts the number of threads utilized during optimization based on CPU cores, enhancing performance.

Advanced VIDYA Indicator Integration

Multi-Timeframe Analysis: Enhanced the VIDYA (Variable Index Dynamic Average) indicator to calculate values across three different timeframes (VIDYA_TF1, VIDYA_TF2, VIDYA_TF3).
Improved Trend Detection: Utilizes VIDYA across multiple timeframes to determine trend strength and alignment, allowing for more accurate trade entries.
Price Handling: Updated VIDYA calculations to handle various applied prices (VIDYA_Price), improving flexibility and accuracy.
Flexible Trading Day Settings

Day Filters: Added input parameters to allow or prevent trading on specific days of the week (Monday_Trade, Tuesday_Trade, etc.).
Session Management: Enhanced functionality to respect trading sessions, including options to close positions at session ends.

Enhanced News Filter

Priority Filtering: Upgraded the news filter to allow filtering based on news priority (High, Medium).
Customizable Currencies: Allows specification of which currencies' news events to consider, improving risk management during volatile events.
Improved Error Handling: Enhanced feedback and error messages for better troubleshooting of news feed issues.
Robust Risk Management

Daily Loss and Drawdown Limits: Implemented protections for maximum daily loss (MaxDailyLoss) and maximum daily drawdown (Max_Daily_DD).
Equity-Based Protections: Added checks for minimum equity (Min_Equity), maximum equity (Max_Equity), and maximum equity drawdown percentage (MaxEquity_DD).
Automated Entry Suspension: The EA can now suspend new entries when certain risk thresholds are met, enhancing capital preservation.
Improved Position Management

Trailing Stop Enhancements: Improved trailing stop logic to adjust stop loss levels based on recent highs/lows.
Enhanced Entry and Exit Signals: Refined the logic for generating entry signals, incorporating the enhanced VIDYA indicator.
Dynamic Order Handling: Updated order sending and modification functions to handle different order filling types and market conditions.
User Interface Improvements

Detailed Chart Statistics: Enhanced on-chart display of position stats, trading stats, and protection statuses.
Customizable Display Options: Added inputs to toggle the display of indicators and statistical information (Show_inds, Pos_Stat, Robot_Stats).
Code Optimization and Refactoring

Performance Enhancements: Optimized loops and calculations for improved execution speed.
Memory Management: Ensured proper allocation and deallocation of resources to prevent memory leaks.
Modular Structure: Maintained a modular code structure for easier maintenance and scalability.
Comprehensive Documentation: Updated comments and documentation throughout the code for clarity.

Bug Fixes
VIDYA Calculation Corrections: Fixed issues where VIDYA buffers were not updating correctly, ensuring accurate trend detection.
News Feed Stability: Addressed problems with loading and parsing news content, improving reliability of the news filter.
Order Execution Reliability: Resolved issues where orders might not respect the specified filling type, enhancing execution accuracy.
Position Update Logic: Fixed scenarios where position details were not updating correctly after certain actions.

Instructions for Updating
To upgrade to Version 7.2:

Backup Current Version: It is recommended to back up your current EA version before updating.

Replace EA File: Replace the existing EA file with the new Blitz EA XAUUSD M5 31DP 1318208039.mq5 file.

Review Input Parameters:

Trade Direction Settings:
Set AllowLong to true to enable long trades or false to disable them.
Set Allow_Short_Trades to true to enable short trades or false to disable them.
VIDYA Indicator Settings: Review and adjust settings related to the VIDYA indicator to align with your trading strategy.
Trading Day Settings: Ensure the trading day parameters (Monday_Trade, Tuesday_Trade, etc.) match your preferred trading schedule.
Recompile the EA: Open the EA in the MetaEditor and recompile to ensure all dependencies are correctly referenced.

Test on Other Pairs:
Demo Testing: Before deploying on a live account, test the EA in a demo environment on various currency pairs and timeframes.
Observe Performance: Monitor the EA's performance and behavior on different instruments.
Provide Feedback: Share your findings and feedback with the Blitz Trading development team to assist in future enhancements.
Notes
Backward Compatibility: This version maintains backward compatibility; however, due to the new features, it's important to review all settings to ensure they align with your trading preferences.

Best Practices: Continue to follow best trading practices, including sound risk management and regular monitoring of the EA's performance.

Support and Feedback:

Testing Encouragement: We highly encourage testing the EA on different currency pairs and market conditions.
Developer Collaboration: Your feedback is invaluable. Please provide any insights, suggestions, or performance data to our development team.
Contact Us: For any questions or assistance, please contact the support team at Blitz Trading.
We believe that the enhancements in Version 7.2 will provide greater flexibility and improve your overall trading experience. By testing the EA on various instruments and providing feedback, you help us continue to refine and optimize its performance across different market conditions.

Thank you for choosing Blitz Trading EA. Happy Trading!
Version 7.1 2024.09.29
Version 1.3 2024.09.29
Minor improvements

Updated UI
Trading Stats Displayed - The EA presents the following stats on the chart:

Open position details such as lot size, profit, stop loss, and take profit.
Trading Stats:
Trading performance over 1-day, 7-day, and 30-day periods.
Current Drawdown

New Custom stats, includes:
Total Trades
Win Rate
Gross Profit
Gross Loss
Max Profit Trade
Max Loss Trade
Max Consecutive Wins
Max Consecutive Losses
Profit Factor
Max Drawdown
Average Profit
Average Loss
Risk/Reward Ratio
Version 7.0 2024.09.23
Updated default settings to optimised for Roboforex.
Please optimise with real trades if using another broker