Introduction

MaxPro EA V1.2c is an automated trading system designed for the MT5 platform, specializing exclusively in the XAU/USD (Gold) pair on the M15 time frame. The strategy is built around an intelligent grid trading engine that incorporates dynamic retracement logic to identify high-probability entry points during market pullbacks, moving beyond mechanical grid-based averaging techniques .

Key Features

Intelligent Grid Setup – Utilises a configurable GridDistance parameter to systematically place pending orders at calculated intervals, effectively managing average entry prices during adverse price movements .
Dynamic Retracement Logic – Employs an internal RetracePoints mechanism that analyses price momentum; new grid levels are only activated when specific retracement thresholds are met, improving the win rate of the averaging strategy .
Basket Trading System – Manages positions as separate BUY and SELL baskets, allowing independent tracking of order counts, total lot sizes, and floating profits for each directional group .
Fixed USD Profit Target – Exits positions when the total profit of a basket reaches a predetermined TargetProfitUSD value, locking in gains without relying on complex trailing logic .
Dynamic Lot-Size Controls – Features configurable initial lot sizes and a MaxLotSize cap to control risk exposure as the grid expands .
Integrated Security Modules – Includes MaxDrawdownPercent and MinBalanceLimit protective measures to automatically intervene during extreme market conditions .
Real-Time Visual Dashboard – Displays account balance, equity, floating P/L, drawdown progress, and daily/weekly profit summaries directly on the chart for transparent performance monitoring .

Recommended Settings

Trading Instrument: XAU/USD (Gold)
Time Frame: M15 (15-Minute)
Grid Distance (GridDistance): 1500 points (default) – defines spacing between grid orders
Retracement Points (RetracePoints): 60 points (default) – triggers entries upon price pullbacks
Target Profit (TargetProfitUSD): 60 USD (default) – basket profit target for full closure
Maximum Grid Levels (MaxLevels): 100 – capacity to handle deep retracements
Initial Lot (InitialLot): 0.02 lots (light start)
Maximum Lot (MaxLotSize): 1.0 lots – hard cap on position sizing as grid scales
Risk Protection: MaxDrawdownPercent (90%) and MinBalanceLimit for capital preservation

Advantages

Optimised for Gold – Strategy parameters are specifically tailored to XAU/USD’s high-volatility and fast-retracement behaviour .
Non-Mechanical Averaging – Entries are triggered by retracement conditions rather than blind grid placement, enhancing strategy logic .
Transparent Risk Management – Dual capital protection features (drawdown cap and balance floor) provide clear downside limits .
User-Friendly Monitoring – Comprehensive on-chart dashboard reduces the need to consult external terminal data .

Disadvantages

Inherent Grid Risk – Despite retracement filters, the strategy remains a grid-based system that can accumulate significant exposure during strong directional trends .
Requires Strict Adherence – Optimal performance relies on correct parameter configuration; deviation from recommended settings may affect results .
Limited Asset Coverage – Designed exclusively for XAU/USD; not suitable for other instruments without parameter adjustments .

Conclusion

MaxPro EA V1.2c MT5 offers a structured approach to trading Gold on the M15 time frame, combining adaptive grid logic with integrated profit-targeting and security features. Its retracement-based entry mechanism and basket management provide a disciplined framework for capitalising on Gold’s price movements. However, as with any grid-based system, users should apply sound risk management practises and fully understand the strategy’s mechanics before deployment.

Support & Disclaimer

Support

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Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.