Sniper Gold Hybrid Recovery EA
Info
The Sniper Gold Hybrid Recovery EA is a Expert Advisor for MetaTrader 5 that the ea utilizes rsi filtering, atr-based recovery spacing, market structure checks, basket-level profit management, crash pause protection, and optional news filtering. It is designed to manage recovery entries with configurable risk controls and dashboard monitoring.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Sniper Gold Hybrid Recovery EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
The EA utilizes RSI filtering, ATR-based recovery spacing, market structure checks, basket-level profit management, crash pause protection, and optional news filtering.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Gold MT5 Fractal Breakout EA - another powerful expert for MetaTrader 5 traders.
The EA utilizes RSI filtering, ATR-based recovery spacing, market structure checks, basket-level profit management, crash pause protection, and optional news filtering. It is designed to manage recovery entries with configurable risk controls and dashboard monitoring.Also recommended: Stochastic Daily Breakout for Gold: Backtested Performance to 2026 - similar expert with strong performance on MetaTrader 5.
Key Features:
- Lot calculation: Fixed lot or balance-based compounding lot.
- Recovery distance: ATR-based adaptive recovery distance.
- Entry filter: RSI entry filter with normal, high ATR, and extreme ATR modes.
- Market structure checks: Incorporates Lower Low/Lower High (LL/LH) and support conditions.
- Basket management: Basket profit target and recovery basket trailing.
- Smart trimming option for basket management.
- Protection mechanisms: Spread, slippage, equity loss, and crash movement protections.
- News filter: Supports MQL5 calendar, CSV file, or a combination of both.
- On-chart dashboard: Displays current recovery and status information.
- Comprehensive configuration: Fully adjustable inputs including magic number, lot settings, ATR/RSI parameters, recovery distance, target profit, trailing stops, news filter, and dashboard positioning.
Recommended Chart:
XAUUSD, M15
Disclaimer:
This EA is provided as trading software. It does not guarantee profits, win rates, specific drawdown levels, or account growth. Thorough testing in the Strategy Tester and on a demo account is strongly recommended before deploying on a live trading account.
You may also like: Gold Breakout EA for XAUUSD H4: +90% Backtest Performance (2020-2026) - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.22"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property strict
#include <Trade\Trade.mqh>
CTrade trade;
enum ENUM_NEWS_MODE
{
NEWS_OFF = 0,.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.