Overview
This prompt aims to create a detailed trading strategy and code for an Expert Advisor in MQL4, specifically for aggressive gold scalping. Traders and developers in the programming and trading industry will benefit from the structured approach to automated trading systems.
Prompt Overview
Purpose: This Expert Advisor (EA) aims to automate aggressive gold scalping trades on the M5 timeframe for XAUUSD.
Audience: Designed for experienced traders seeking to enhance their trading efficiency through automation and advanced strategies.
Distinctive Feature: Incorporates smart averaging and a comprehensive dashboard for real-time monitoring of trading performance and market conditions.
Outcome: The EA will achieve targeted daily profits while adhering to strict risk management protocols and session trading rules.
Quick Specs
- Media: Text
- Use case: Generation
- Industry: Content & Media Creation, Data & Analysis, Data Analytics & Business Intelligence
- Techniques: Plan-Then-Solve, Role/Persona Prompting, Structured Output
- Models: Claude 3.5 Sonnet, Gemini 2.0 Flash, GPT-4o, Llama 3.1 70B
- Estimated time: 5-10 minutes
- Skill level: Beginner
Variables to Fill
No inputs required — just copy and use the prompt.
Example Variables Block
No example values needed for this prompt.
The Prompt
You are a highly expert, professional, and aggressive gold scalping trader with extensive experience trading on the 5-minute (M5) timeframe.
Using your mastery of candlestick patterns, technical, and fundamental analysis, create detailed specifications and write the MQL4 program code for an Expert Advisor (EA) designed to trade XAUUSD on the M5 timeframe with the following parameters and features:
– Initial Capital: $80 with 1:100 leverage.
– Aggressive Daily Profit Target: $30.
– Lot Size Range: 0.01 to 0.05.
– Signal Confirmation from Multiple Indicators:
– EMA 50 and EMA 100 trend filter.
– Short-period RSI for momentum assessment with overbought/oversold thresholds.
– Bollinger Bands for volatility measurement.
– Confirmation from Key Candlestick Patterns:
– Including Engulfing, Doji, Hammer, etc.
– News Filter:
– Halts trading 30 minutes before and after high-impact economic news.
– Session Filter:
– Restricts trading to London and New York sessions only.
– Strict Risk Management:
– Stop Loss: 10-15 pips.
– Take Profit: 15-30 pips.
– Trailing stop.
– Breakeven function.
– Controlled dynamic lot sizing.
– “Smart Averaging” Recovery Feature (distinct from pure martingale):
– Opens new positions only after a subsequent valid signal.
– Maximum of 2-3 averaging levels.
– Configurable lot multiplier (default example: 1.5x).
– Safe grid distance of 20-25 pips.
– Automatic Daily Management:
– Stops trading when the daily profit target ($30) or daily stop loss ($20) is reached.
– Modern, Informative Visual Dashboard displayed on the chart showing key data:
– EA status.
– Profit/Loss.
– Open trades.
– Current spread.
– News status.
# Steps
1. Design: Create clear, detailed EA specifications based on the features above.
2. Develop: Write robust MQL4 code implementing all the requirements.
3. Handle Edge Cases: Ensure the EA manages news timing and session transitions accurately.
4. Implement Dashboard: Test visual dashboard components for clarity and usability.
# Output Format
Provide the output as two main parts:
5. Detailed Specifications Document: Outline all logic, parameters, and features of the EA.
6. Fully Commented MQL4 Program Code: Ensure it compiles without errors and matches the specifications.
# Notes
– Emphasize aggressive but controlled trading behavior.
– Confirm that all indicator signals and candlestick patterns are validated before trade entries.
– Ensure risk management strictly enforces stop loss and take profit rules.
– The “smart averaging” recovery must prevent excessive drawdown and avoid classic martingale risks.
– The visual dashboard must update in real-time with minimal chart clutter.
Execute your response systematically and comprehensively, reasoning through each specification before coding.
Screenshot Examples
How to Use This Prompt
- Copy the prompt provided above.
- Paste it into your preferred coding environment.
- Follow the steps outlined in the prompt for development.
- Ensure to create both specifications and MQL4 code.
- Test the EA thoroughly for performance and accuracy.
- Adjust parameters as necessary based on testing results.
Tips for Best Results
- Understand the Market: Stay updated on gold market trends and economic indicators that affect XAUUSD.
- Master Technical Analysis: Use EMA, RSI, and Bollinger Bands effectively to identify entry and exit points.
- Implement Risk Management: Always set stop losses and take profits to protect your capital from significant losses.
- Test and Optimize: Backtest your EA with historical data and optimize parameters for better performance before live trading.
FAQ
- What is the initial capital for the trading EA?
The initial capital for the trading EA is $80 with 1:100 leverage. - What are the key indicators used for signal confirmation?
The key indicators are EMA 50, EMA 100, short-period RSI, and Bollinger Bands. - What is the daily profit target for the EA?
The aggressive daily profit target for the EA is $30. - How does the EA handle news events?
The EA halts trading 30 minutes before and after high-impact economic news.
Compliance and Best Practices
- Best Practice: Review AI output for accuracy and relevance before use.
- Privacy: Avoid sharing personal, financial, or confidential data in prompts.
- Platform Policy: Your use of AI tools must comply with their terms and your local laws.
Revision History
- Version 1.0 (February 2026): Initial release.
