Price Action Gold MT5

Price Action Gold MT5 is an audaciously straightforward Expert Advisor designed to trade gold without the usual high-risk strategies like grid or martingale. 🎯 Instead, it relies on a classic trading approach, leveraging the analysis of ten fundamental indicators to open orders with fixed Stop Loss and Take Profit levels. The EA boasts a flexible risk management system, allowing users to adjust the Auto lot size from 0.01 to 0.1 per $1,000 balance, catering to both conservative and risk-seeking traders. It requires a minimum deposit of $100 for a 0.01 lot size, making it accessible for traders with smaller accounts. Utilizing a hedged account is essential as Price Action Gold can manage multiple orders simultaneously. Trading on the H1 timeframe, this EA is designed to work with brokers offering minimal or floating spreads and ensures that each order is opened with a unique magic number, trailing profit, and trailing offset features. The strategy promises a balance between safety and profitability, aiming to maximize returns while keeping drawdowns in check. 📈 Whether you are trading with a PROP firm or looking for higher returns with increased risk, Price Action Gold MT5 adapts to your trading style, making it a versatile tool in the volatile world of gold trading.