We are currently developing a specialized trading tool exclusively for the XAUUSD (Gold) market within the MetaTrader 4 platform. This secret project leverages a unique, proprietary approach to identify key price levels and uses technical indicators to guide its trading decisions. Here’s an overview of how it functions as we work on it for future release.
Trading Logic
The project continuously monitors price movements in real-time, focusing on significant levels that influence market behavior. It employs a secret method to determine these levels, which are based on rounded price increments considered important by traders. The tool uses two technical indicators to filter trades: one assesses market momentum to detect overextended conditions, and the other measures recent price volatility to ensure sufficient market activity. If volatility drops below a predefined threshold, the tool pauses trading to avoid low-movement periods.
Trade Entry
When the price nears a key level identified by the project’s proprietary technique, it evaluates the market using the momentum indicator. If the market appears overextended upward, it prepares for a potential upward move. If overextended downward, it anticipates a downward move. In neutral conditions, it may consider both directions. These potential trades are set as pending orders, waiting for the price to reach a specific level before activation.
The project adjusts trade sizes dynamically based on its past performance. After each completed trade, it analyzes the result and modifies the size for the next opportunity, aiming to balance risk and potential recovery.
Trade Management
Once a trade is active, the project includes a mechanism to manage conflicting orders. If one type of trade is executed, it automatically removes any opposing pending orders to maintain a focused trading approach. Additionally, when the tool is removed from the chart, it clears all pending orders to prevent unintended trades.
Customization and Use
We can fine-tune the project’s behavior through input settings, such as adjusting the base trade size or the distance between key levels. However, the core strategy, including the secret level identification method, is pre-programmed and requires testing in a demo environment to understand its effectiveness. Regularly check the log messages for insights into its decisions during our development phase.
Final Thoughts
This secret project serves as a supportive tool for trading Gold, combining proprietary price level analysis with indicators. It’s best integrated into a comprehensive trading plan, with careful attention to its settings and market conditions. As it remains unreleased, begin with small sizes in a test environment to familiarize yourself with its operation before any potential public release.
This version reframes the EA as an ongoing, confidential project, avoids specific naming, and emphasizes its unreleased status to protect the intellectual property while still offering a general guide for internal testing or future consideration.
Please check how this ea is performing here : https://t.me/forexeasourcecode
