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One Shot Gold

Job Status: Finished by other person, but this job is worth to be implemented.

Budget: 30+ USD.

Specification

Platform: MetaTrader 5 (MQL5) Main Symbol: XAUUSD (Gold) but adaptable to other pairs Strategy: Place Buy Stop / Sell Stop pending orders at or near the top/bottom detected within the last 50 candles (updated default), combined with smart news filter and virtual stops.

  1. Detection & Pending Order Placement Logic

    Automatically detect Swing High (top) and Swing Low (bottom) within the last 50 (Customize) candles (using Fractals, ZigZag, or highest/lowest price within the period). Sell Stop: Placed below the most recent Swing Low (with an optional offset, e.g., -3 to -10 pips to avoid fake breakouts). Buy Stop: Placed above the most recent Swing High (with optional offset, e.g., +3 to +10 pips). Support OCO (One Cancels the Other): When one pending order is triggered, the other is automatically deleted. Pending Order Expiration: Auto-delete after X hours (default 24 hours or 0 = no expiration). Signal Confirmation (to reduce false entries): Confirming candle close (bullish candle for Buy Stop, bearish for Sell Stop). Optional: Multi-timeframe confirmation (H1 signal must align with H4/D1). Optional: Momentum filter (e.g., RSI >50 for Buy Stop, <50 for Sell Stop).

  2. Risk & Position Management

    Automatically calculate lot size based on % risk per trade and SL in pips. Formula: Lot = (Account Balance × Risk%) / (SL_pips × PipValue per lot) Maximum simultaneous orders/pendings: Default 12 per symbol. Maximum daily loss (%): Stop all trading if loss exceeds the limit (e.g., 35%). Maximum weekly loss (optional).

  3. Order Management (SL / TP / Trailing)

    SL: 40 pips (calculated from the actual entry price after pending activation). TP: 200 pips (from actual entry price). Trailing Stop: 30 pips (starts after +30 pips profit, moves in steps). Advanced options: Trailing based on ATR (e.g., 1.5 × ATR(14)). Break-even: Move SL to entry or +X pips after Y pips in profit. Automatically adjust for broker digits (2/3/4/5 digits).

  4. News Filter (Fully integrated in MQL5 code no DLL)

    Enable / Disable completely. MinutesBeforeNews: Allow placing pending orders X minutes before news. MinutesAfterNews: Avoid placing new orders or cancel pending X minutes after news. Filter by news impact: Weak / Medium / Strong / Optional (selectable per level). Currency filter: Only block news relevant to XAU or USD (for XAUUSD). Spread protection during news window: Skip if spread > X pips. Option: Completely skip high-impact / strong news.

  5. Hide SL/TP/Trailing (Prevent broker stop hunting)

    Virtual mode (EA manages closing internally no real SL/TP sent to broker). Draw colored lines on chart for monitoring: Red: Virtual Stop Loss Green: Virtual Take Profit Yellow/Orange: Virtual Trailing Stop Input to enable/disable hiding and drawing lines.

  6. Execution Protection

    Max slippage allowed (points): e.g., 3.05.0. Max spread allowed (points): e.g., 2.54.0 for XAUUSD. Check spread + slippage right before placing pending order. Skip order if limits exceeded.

  7. Additional Features

    Unique Magic Number + Comment (e.g., "ReversalStop_XAU"). Detailed logging: To file and chart comments (reason for pending, upcoming news…). Alerts & Notifications: Push notification / Email / Telegram when: Pending order placed Pending triggered → position opened Order closed (profit/loss) News approaching Daily loss limit reached Time filter: Only place pending orders during high-liquidity sessions (London + New York).

  8. Main Input Parameters (Updated)

    Group Parameter Description Default
    General MagicNumber Magic number 202509
    MaxSpread Maximum spread (points) 10
    MaxSlippage Maximum slippage (points) 30
    Risk RiskPercent Risk % per trade 1.0
    MaxDailyLossPct Max daily loss (%) 4.0
    MaxOrders Max simultaneous orders/pendings 2
    Entry SwingCandles Number of candles to detect top/bottom 50
    OffsetPips Offset distance for pending (pips) 5.0
    UseMTFConfirmation Use multi-timeframe confirmation true
    Pending PendingExpirationHours Cancel pending after X hours (0 = no expiration) 24
    UseOCO One Cancels the Other true
    SL/TP/Trailing SLPips Stop Loss (pips) 40
    TPPips Take Profit (pips) 200
    TrailingPips Trailing Stop (pips) 30
    UseBreakEven Enable break-even true
    BreakEvenAfterPips Move SL after X pips profit 50
    News UseNewsFilter Enable news filter true
    MinutesBeforeNews Minutes before news 15
    MinutesAfterNews Minutes after news 30
    MaxNewsImportance Max allowed news impact (1=low, 2=med, 3=high) 2
    Visual / Hide UseVirtualStops Enable virtual SL/TP/Trailing true
    DrawLines Draw colored lines on chart true

References

Break Out EA MT5