Available soon
Loading product…
Algo Gold is an MT4 expert advisor built for XAUUSD on the M5 chart. It looks for trend and breakout setups, opens one position at a time and attaches a stop loss to each order.
Get one message the moment it launches, with its price.
Algo Gold is an expert advisor for MetaTrader 4 that trades gold against the US dollar. It scans the M5 chart for trend and breakout conditions, places orders on its own and attaches a stop loss to each one.
The expert advisor watches price action on XAUUSD and looks for moves that fit its trend and breakout rules. When conditions match, it opens a trade without any manual input. The author describes it as using one position at a time and avoiding hedging, grids and martingale position sizing. Since that is a description of intended behavior, confirm it yourself by watching the trades on a demo account.
Each order carries a stop loss. A trailing stop can move the protective level once a trade is in profit by a set distance, which helps manage open positions without constant attention.
The tool is made for gold, quoted as XAUUSD, and is intended for the M5 timeframe. Gold can move fast and spreads can widen around news, so execution quality matters. Check whether your broker names the symbol differently, for example with a suffix, and make sure the symbol is visible in Market Watch.
The inputs are grouped around risk, stop loss, take profit, trailing and a filter. The author supplies different setups for prop firm style accounts and for general accounts, which differ mainly in risk level, stop loss distance and whether the filter is on. Exact values depend on your account size, broker and contract specification, so check the values in the inputs tab and test them on a demo account before changing anything.
| Input | Purpose |
|---|---|
| Risk percent | Sets how much of the account is risked per trade |
| Stop loss in points | Distance of the protective stop from entry |
| Take profit | Distance of the profit target in points |
| Trailing trigger | Profit level at which the trailing stop starts |
| Trailing distance | How far behind price the stop follows |
| Filter | Turns the extra entry filter on or off |
Trading leveraged products such as gold carries a high level of risk, and you can lose more than you expect. Past results, including any backtest, do not predict future ones. Use a demo account first and only risk money you can afford to lose.
Check the minimum deposit, lot size limits and stop level rules at your broker. A wide spread or slow execution can change how a short-term system behaves compared with testing.
For continuous operation, many traders run it on a VPS so the platform stays connected. Keep an eye on the first trades and compare them with your demo results.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Trend, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Symbol | XAUUSD (gold) |
| Timeframe | M5 recommended |
| Trade style | Trend, breakout and short-term scalping |
| Position handling | One trade at a time, stop loss, optional trailing stop |
| Requirements | Algo trading enabled, stable connection or VPS, gold symbol on broker |
No reviews yet. Customers who own Algo Gold MT4 can review it here.
This listing is the MT4 build and is meant for MetaTrader 4 only. An MT4 expert advisor file cannot be loaded in MT5, so check that you are using the right platform before you buy.
It is designed for XAUUSD on the M5 chart. Some brokers add a suffix or prefix to the gold symbol, so open the chart for the exact symbol your broker offers and attach the expert advisor there.
Yes. The inputs cover risk percentage, stop loss distance in points, take profit, trailing stop trigger and distance, and a filter switch. Check the inputs tab after loading and confirm values with a demo account before trading live.
Extract the download, copy the expert advisor file into the MQL4 Experts folder through File, Open Data Folder in MT4, then restart the platform or refresh the Navigator. Drag it onto an XAUUSD M5 chart and enable algo trading.
The inputs include a set aimed at prop firm style accounts, but rules differ between firms. Read your firm's rules on automated trading, drawdown and lot sizes, and test on a demo account first. No settings can promise a pass.
It should run on brokers that offer XAUUSD on MT4, but spreads, execution speed and stop level rules affect a gold scalping system a great deal. Test with your own broker conditions before using real funds.
Algo Gold MT4
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own Algo Gold MT4? Sign in to review it.