29 lines
1.4 KiB
Markdown
29 lines
1.4 KiB
Markdown
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# Stochastic Scalper EA for XAUUSD (MQL5)
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A MetaTrader 5 Expert Advisor designed for scalping XAU/USD (Gold) using Stochastic Oscillator crossover signals with integrated risk management and a Kanban system to prevent over-trading.
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## Features
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- **Strategy:** Stochastic Crossover (%K crossing %D) with overbought/oversold filters.
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- **Risk Management:** Fixed stop-loss, take-profit, and money management based on account percentage.
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- **Kanban System:** Limits the number of concurrent open trades to prevent over-leveraging.
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- **Filters:** Includes basic time and spread filters.
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## Input Parameters
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- `MagicNumber` - Unique identifier for EA trades.
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- `MaxOpenTickets` - The core Kanban limit. (Default: 1)
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- `RiskPerTrade` - Risk percentage per trade. (Default: 1.0%)
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- `K_Period`, `D_Period`, `Slowing` - Stochastic settings.
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## Installation
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1. Download the `StochasticScalper.mq5` file.
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2. Copy it to your MetaTrader 5 `MQL5/Experts` directory.
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3. Restart MetaTrader 5 or refresh the Navigator panel.
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4. Drag and drop the EA onto the XAUUSD M1 or M5 chart.
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5. Configure input parameters (especially MagicNumber and RiskPerTrade) and enable Automated Trading.
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## Disclaimer
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This EA is provided for educational purposes only. Use it at your own risk. Past performance is not indicative of future results. Always test thoroughly on a demo account before considering live use.
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