Description
Gold Trap EA V4.24 MT5 is an automated Expert Advisor designed exclusively for MetaTrader 5. It trades XAUUSD on the M1 timeframe using a combination of the author’s indicators, levels, and price action. The EA places only one order at a time, always applies a fixed stop loss and take profit, and maintains a 1:3 risk-reward ratio without using martingale or other high-risk methods.
Key Features
- Works on XAUUSD only
- Designed for M1 timeframe
- Only one open order at a time
- Fixed Stop Loss of 1000 points
- Fixed Take Profit of 3000 points
- Risk-reward ratio 1:3
- Based on indicators, levels and price action
- No martingale or grid systems
- Always sets Stop Loss and Take Profit
- Compatible with MetaTrader 5
- Suitable for any account type
- VPS highly recommended
Recommended Settings
Pair: XAUUSD
Timeframe: M1
Stop Loss: 1000
Take Profit: 3000
Orders: Maximum 1 open trade
Risk-Reward: 1:3
Lot size: Adjust according to account balance and risk tolerance
VPS: Recommended for stable 24/5 operation
Minimum deposit: $100 (preferably $500 or more)
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