
Algo Playbook EA is an MT5 expert advisor for gold (XAUUSD) on the M1 chart. It uses adaptive support and resistance logic, needs a hedging account, and includes account protection and virtual targets.
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Algo Playbook EA is an MT5 expert advisor designed to trade gold (XAUUSD) on the one-minute chart. It is a commercial version of the trading approach set out in a book by its developer, and it centres on support and resistance behaviour that adjusts to current market conditions rather than relying on fixed price levels.
According to the developer, the EA replaces static indicator levels with logic that reacts to how the market is behaving. The underlying technical parameters are presented as market behaviours, such as volatility compression and a primary cycle, so you adjust the character of the system without editing raw indicator values. The exact entry rules are not published, so treat the EA as a closed system and judge it through testing.
Three features are worth knowing about:
The EA is tuned for XAUUSD on M1. Gold can move quickly on this timeframe, so spreads, slippage and execution speed matter a great deal. A raw spread or ECN account and a low-latency VPS are advised for that reason. Some brokers add a suffix to the symbol name, so check how yours labels gold before attaching the EA.
A hedging account is mandatory. Netting accounts conflict with the way the EA builds and manages its positions and are not supported.
Because of the tiered scaling, the developer says free margin must be generous. For starting balances under 20,000 USD, the developer advises using a cent account. Confirm the contract specifications, leverage and margin rules with your broker, and test the settings on a demo account before going live.
Exact input names and values can differ between releases and brokers, so read the user guide and the inputs tab in your terminal. The table lists what to check.
| Area | What to check |
|---|---|
| Symbol | Gold symbol name and any broker suffix |
| Lot size and risk | Base lot, maximum exposure and scaling limits suited to your balance |
| Behaviour inputs | Volatility compression and primary cycle options described in the guide |
| Protection | Account protection and drawdown controls |
| Set file | A file that matches your broker, if one is available |
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests, do not predict future ones. Scaling methods can increase exposure during adverse moves, so test on a demo account first and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account required) |
| Strategy focus | Gold or XAUUSD, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Primary market | Gold (XAUUSD) |
| Timeframe | M1 |
| Trade style | Support and resistance, tiered scaling with virtual targets |
| Account type | Hedging; raw spread or ECN advised |
| Capital note | Deep margin needed; cent account suggested for smaller balances |
| Hosting | Low-latency VPS recommended |
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No. This product is an MT5 expert advisor and will not run on MetaTrader 4. You need the MetaTrader 5 terminal from your broker.
No. The EA scales its positions in several steps and needs a hedging account. Before you buy, confirm with your broker that your MT5 account is a hedging account, since some brokers offer both types.
The EA is designed for gold (XAUUSD) on the M1 chart. Check how your broker names the symbol, as some add a suffix, and apply the EA to that chart. Using other symbols or timeframes is not what it was built for and should be tested carefully on a demo account first.
No fixed minimum is given here, so check the developer's user guide. The developer states that the scaling method needs plenty of free margin and suggests a cent account if your starting capital is modest. Test on a demo or cent account before using larger amounts.
It is not technically required, but a low-latency VPS is recommended. The EA manages virtual targets inside the terminal, so it needs the platform running and connected without interruption.
The developer has mentioned broker-specific set files and a detailed user guide. Check your order details and the developer's channels for what is included, and ask for the files that match your broker.
Algo Playbook EA
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