Description

GoldSR — XAUUSD Support/Resistance Grid EA

GoldSR is a fully automated Expert Advisor built specifically for trading Gold (XAUUSD). It identifies key support and resistance levels, enters on breakouts, and manages positions through an intelligent grid-averaging system. Recommended timeframe: M15.

How it works

The EA reads the price range of the last 30 bars and splits it into 4 resistance and 4 support levels. When price makes a fresh break of a level, GoldSR opens its first trade in that direction. If the market moves against the position, additional orders are added at a defined distance, and the entire basket is closed together once the weighted-average entry price reaches the profit target.

Key features

• Support/Resistance based entry — Trend-following and Counter-trend modes
• 4 configurable S/R levels, each can be turned on or off independently
• Smart grid averaging with Additive or Multiply lot modes
• Simultaneous Buy and Sell baskets (hedging accounts)
• Weighted-average basket Take Profit
• Multiple risk controls: basket stop-loss (points or percent), monetary stop-loss, and equity-drawdown protection
• Average-price trailing stop to lock in basket profit
• Higher-timeframe EMA trend filter
• ADX filter to avoid or require strong-trend conditions
• Session time filter and automatic Friday close for weekend safety
• Auto lot sizing by risk %, or fixed lot
• Auto-adjusts for 3/5-digit brokers; works on standard and cent accounts

Requirements

• Symbol: XAUUSD (Gold)
• Timeframe: M15
• Account type: Hedging (required for both-side and multi-order baskets)
• A low-spread broker is recommended for best results