This EA is a unique approach to Gold day/swing trading.

The objective of the strategy is to:

• Identify ideal and repeatable trade entries with high level of certainty
• Create a day trading strategy which doesn’t require a hard SL and TP
• Use alternate risk management mechanism instead
• Visualize and auto manage trades based on S/R
• A trade management solution that can be applied to any trading pair
  

Please also install the free custom indicator: FibonacciVPT

https://www.mql5.com/en/market/product/56294

Features

• Optimised for : XAUUSD - Timeframe : 5 min
• Trade management (buy only)
• Works with any Broker
• Indicates possible bullish and bearish reversals
• Strategy to mitigate against volatility
• Identifies cycle stage using color coded arrows:

1. purple - bearish
2. blue - intermediate
3. pink - bullish
4. orange - high-risk (no algo trade)
5. red - possible bearish reversal

Parameters

• CandleSize - Open/close difference in previous candle; used for volatility protection
• CandleClose - Number of candles that close below support before exiting trade
• AutoCloseProfit - Custom take profit enabled/disabled
• NotifyOpenClose - Send notification enabled/disabled
• Lots - Fixed trading lot
• SL - Stop loss in pips (optional)
• TP - Take profit in pips (optional)

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