🧭 SignalCompass_XAUUSD_15M

A dedicated EA for XAUUSD that captures gold market trends

“SignalCompass_XAUUSD_15M” is an automated trading EA specialized for the XAUUSD (gold) 15-minute chart.

It checks the market direction on H1, and uses entries based on the combination of pullbacks and retracements on M15, pin bar patterns, EMA position relationships, currency strength, etc.

It is designed to target scenarios where multiple conditions are met, rather than simply trading based on price movement up or down.

✨ Main Features

📈 Trade in line with the H1 trend

Assesses the market direction by the positions and slopes of the short-term EMA and long-term EMA on H1.

In an uptrend, buy; in a downtrend, sell, and restrain entries against the trend direction.

🎯 Target M15 pullbacks/retracements

Monitors price returning toward the EMA vicinity on M15 and detects candlesticks that may indicate trend resumption.

Rather than chasing highs or lows, it aims to enter from pullback phases within a trend.

🕯 Confirm pin bar patterns

Checks candlestick wicks, bodies, and close positions, and uses pin bars showing buying or selling pressure as entry criteria.

💱 Currency strength filter

Calculates USD strength from moves in USD-related pairs and checks alignment with the direction of XAUUSD.

By considering not only technical conditions but also overall USD movement, it helps avoid entries that do not fit the market environment.

🛡 Variable SL based on market structure

SL is automatically calculated based on the most recent H1 high/low and pin bar tips.

SL width varies with market conditions and is controlled to not exceed a preset maximum loss.

Maximum SL width is 22,400 pips.

💰 Auto lot sizing based on loss ceiling

In addition to fixed lot operation, it includes a feature that automatically calculates lots from a specified maximum loss per trade, based on the SL width.

Risk management can be tailored to account balance and trading approach.

🔒 Supports single-position operation

Initially, only one position is held for the same currency pair and same magic number.

While a position is open, no new order is placed even if an opposite-signal occurs, so it does not default to hedging in the initial settings.

📋 Basic Specifications

Target currency pair: XAUUSD
Recommended time frame: M15
Trading direction: Buy or Sell
Maximum TP: 2,600 pips
Maximum SL: 22,400 pips
SL method: Variable SL based on H1 highs/lows and pin bar tips
Averaging (grid) trading: None
Martingale: None
Initial simultaneous positions: 1
Hedging: Not included in initial settings

⚙ Parameter Explanations

🔢 Magic Number

A number used to identify the EA’s own orders.

If using multiple EAs on the same account, set a different number from other EAs.

Default: 492

📝 Buy Order Comment

Comment attached to buy orders.

Used in MT4 terminal screen and trade history to identify the EA’s orders.

Default: SignalCompass_Buy

📝 Sell Order Comment

Comment attached to sell orders.

Default: SignalCompass_Sell

📦 Fixed Lot

Used when “Adjust lot by maximum loss amount” is false.

Default: 0.1

A 0.1 lot size can represent a significant loss for the account balance. Adjust according to account funds in actual use.

💰 Lot Size Adjusted by Maximum Loss

Automatically computes lot size based on the loss amount when the SL is reached.

true: calculate lots from maximum loss
false: use fixed lots

Default: false

Set to true if you want to manage risk by monetary amount.

💴 Maximum Loss per Trade in Account Currency

Maximum loss per trade when using auto lot calculation.

Specify in yen if the account is in JPY, or in USD if the account is in USD.

Example：

For a 10,000 JPY account, set to 10000
→ Lot is calculated so loss at SL hit remains roughly within 10,000 JPY.

Default: 10000

Note that actual loss can exceed the setting due to spreads, slippage, and gaps.

🚧 Auto Lot Upper Limit

Maximum auto-calculated lot size.

0: Up to the broker’s maximum allowed lot
0.10: Up to 0.10 lots
10.00: Up to 10.00 lots

Default: 0

To prevent abnormal lot growth, it is recommended to set a ceiling in actual operation.

⛔ Do not trade below minimum lot

Behavior when the auto-calculated lot is below the broker’s minimum lot.

true: skip entry
false: enter at the minimum lot

Default: false

🔢 Lot Decimal Places

Decimal places for rounding the lot size.

Accounts typical for 0.01 lots: 2
Accounts supporting 0.001 lots: 3

Default: 2

Set according to your broker’s lot granularity.

⚡ Permissible Slippage

Price deviation allowed at order entry.

Default: 30

In MT4, processed in points, so the actual spread depends on price precision.

Making it too small can cause orders to fail during rapid price moves.

🔒 Only a single position

Setting to limit the EA to hold only one position at a time.

true: only 1 position
false: allow multiple positions

Default: true

If true, even when a buy position is open, a sell signal will not open a new order, so it will not hedge by default.

Therefore, the initial setting is not hedged.

📊 Maximum positions when single-off

If “Single Position Only” is false, this is the maximum number of positions allowed concurrently.

Default: 3

Judged by the total number of buy and sell positions.

If multiple positions are allowed, depending on market conditions you may hold both buy and sell simultaneously.

⚠ Usage Notes

This EA does not guarantee profits.

Depending on market conditions, spreads, order execution speed, broker, XAUUSD price precision, and trading hours, results may differ from backtests or other accounts.

Before starting operation, please verify behavior on a demo account or strategy tester.

When using fixed lots, be careful not to set an overly large lot relative to your account funds.

If you change parameters, be sure to verify with the strategy tester before live operation.