Billy Gold Sniper

Billy Gold Sniper

Price Action Gold Sniper is a high-frequency algorithmic trading engine designed for professional traders who demand precision. Unlike standard EAs that rely on lagging indicators, this system combines Market Structure (BOS), Real-time Supply/Demand zones, and ATR-based Volatility filtering to identify "Sniper" entries in the direction of the institutional trend.

The EA utilizes a unique "Sniper Nest" strategy, placing a market execution alongside strategic Limit and Stop orders to capture maximum price movement during volatility breakouts.

? Core Trading Logic

• Market Structure (BOS): Detects breaks of local highs and lows to ensure we only trade when the trend is confirmed.

• Price Action Triggers: Built-in detection for Bullish/Bearish Engulfing and Pin Bar Rejections at key levels.

• Dynamic ATR Scaling: Every Stop Loss and Take Profit is calculated based on current market volatility, making it universal for Gold, Forex, and Indices.

• Smart Risk Management: Features an intelligent margin-aware lot sizing engine that automatically scales trades based on your account equity—perfect for accounts ranging from $30 to $100,000+.

?️ Risk Protection Features

• Daily Drawdown Guard: Automatically stops trading if the daily loss limit is reached.

• Partial Close Engine: Locks in 50% profit at the first target to ensure "risk-free" trade continuation.

• Breakeven + Buffer: Moves Stop Loss to entry plus a small profit buffer once the trade moves in your favor.

• Spread Filter: Prevents entries during high spread events (news or market rollover).

? Telegram Integration

Stay connected to the markets. This EA sends professional HTML-formatted signals directly our Telegram channel, including: Join our telegram channel to track the performance https://t.me/+H0NNYpivg6o0ODY0

1. New Signal Alerts with Entry, SL, and TP.

2. Trade Closure Reports showing Net P/L.

3. Risk Scaling Updates showing how the algorithm is adjusting to your win/loss ratio.

⚙️ Setup Instructions

1. Symbols: Optimized for XAUUSD (Gold), but compatible with all major Forex pairs.

2. Timeframe: Recommended M15 or H1 for the best balance of frequency and accuracy.

3. Broker Requirements: Works on any MT4 broker (ECN/Low Spread recommended).

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? Parameters Highlights

• Risk_Percent: Base risk per trade.

• MaxDailyLossPct: Maximum account equity loss per day.

• Scalp_Target: Take profit in points.

• Breakeven_Start: Distance before moving SL to entry.

• MaxSpreadPoints: Maximum allowed spread for execution.

?️ Developer Note for Validation

This version (v5.1) has been optimized for the MQL5 Validation process, ensuring compatible lot-sizing on micro-margin accounts and strict adherence to broker StopLevel and FreezeLevel constraints.