Calculate Stop Distance XAUUSD
Calculate Stop Distance XAUUSD — MT5 script, supplied with source code and a compiled file. Source metadata: ID 1829: Calculate Stop Distance XAUUSD Source algorithm identifier: CALCULATE_STOP_DISTANCE. Declared inputs include: MagicFilter, SymbolOverride, SlippagePoints, MaxAttempts, MaxQuoteAgeSeconds, FixedLot, RiskPercentValue, StopLossMode, StopLossValue, TakeProfitMode, TakeProfitValue, ATRPeriod, ATRMultiplier, MarginUsePercent, EquityPerLot, BalancePerLot. Description extracted from the supplied source metadata. Compilation compatibility, runtime behavior and trading results have not been independently verified.
Script · MT5 · v1.0 · Free
About Calculate Stop Distance XAUUSD
Calculate Stop Distance XAUUSD is a script for MetaTrader 5 based on ATR. It is set up for gold (XAUUSD). It has 17 settings, such as Magic filter, Symbol override and Slippage points. MQL source code included.
Files in the download: Calculate_Stop_Distance_XAUUSD_MT5.mq5, Calculate_Stop_Distance_XAUUSD_MT5.ex5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Magic filter | -1 | -1 means all magic numbers, still TargetSymbol only. |
| Symbol override | Explicit exact broker symbol override; blank uses catalog target. | |
| Slippage points | 30 | Maximum slippage allowed when opening a trade |
| Max attempts | 3 | |
| Max quote age seconds | 120 | |
| Fixed lot | 0.10 | Trade size in lots |
| Risk percent value | 1.0 | Risk per trade (percent of balance) |
| Stop loss mode | PipsMode | Stop loss distance |
| Stop loss value | 50.0 | Stop loss distance |
| Take profit mode | PipsMode | Take profit distance |
| Take profit value | 100.0 | Take profit distance |
| Atr period | 14 | Period or timeframe used by the calculation |
| Atr multiplier | 2.0 | How much the lot size grows after a loss |
| Margin use percent | 10.0 | |
| Equity per lot | 10000.0 | |
| Balance per lot | 10000.0 | |
| Calculation order type | ORDER_TYPE_BUY |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Scripts.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the script onto a chart to run it once.
Tags: Gold (XAUUSD) · ATR · MT5 Script · MQL5 Source Code