The Express Generator XAUUSD M1 strategy is designed for scalping gold (XAUUSD) on the 1-minute chart, using multiple technical indicators to identify high-probability trade setups. Here’s a breakdown:
Entry Amount: Trades with 0.10 lots, ensuring controlled risk per position.
Stop Loss & Take Profit: Stop loss is set at 447 pips, while take profit is 483 pips, maintaining a nearly 1:1 risk-reward ratio.
Entry Conditions: Uses Bollinger Bands (26, 2.31), Stochastic (2,1,1), DeMarker (11), and Bulls Power (34) to confirm trade signals. Positions are entered based on momentum shifts and overbought/oversold conditions.
Exit Conditions: Trades close when any of the following conditions are met:
- RSI (15) reaches 83, indicating potential reversal.
- Price touches Envelopes (50, 0.25%), signaling overextension.
- ATR (37) exceeds 2.34, suggesting high volatility.
The strategy includes built-in risk management features, such as position size limits, daily loss caps, and equity protection, ensuring disciplined execution.
⚠️ Always test on a demo account first. Trading robots are used at your own risk.
For instructions, download our Free Expert Advisors Startup Guide before trading with the robot. 🚀
