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AMG Gold is an MT5 expert advisor for XAUUSD that places Buy Stop and Sell Stop orders at historical price levels and offers six risk profiles. It includes a daily loss limit, spread filter and Friday close.
Get one message the moment it launches, with its price.
AMG Gold is a fully automated expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD). It waits for price to break through significant historical levels and uses pending stop orders to enter in the direction of the break.
The EA places Buy Stop and Sell Stop orders around levels it has identified in past price action. If price pushes through a level with enough momentum, the order is triggered and the trade aims to follow the continuation move. If the break fails, the trade closes at its stop loss for a limited loss.
Several entry models run side by side. Each one has its own level detection, stop loss, take profit and trade management. Some suit trending conditions and others suit ranges, so the EA is not tied to a single pattern. Breakout systems of this kind often have a moderate win rate, with a series of small stop-outs followed by a larger winner. Expect losing streaks.
A single Risk Profile input is the main control. Each profile selects a combination of internal strategies and a matching risk budget.
An advanced override lets you choose strategies and risk manually.
Use XAUUSD only, on one chart. The chart timeframe does not matter because the EA uses internal timing. It needs a hedging account, and an ECN or raw spread account is preferred. Both 2-digit and 3-digit gold quotes are supported.
| Setting | Purpose |
|---|---|
| Risk Profile | Selects strategies and risk budget, from Low to Aggressive |
| Lot sizing mode | Fixed lot, risk % per position, or max risk per level |
| Max daily loss | Percentage loss at which trading stops for the day; the developer suggests 3 to 5 percent |
| Spread filter | Skips orders when the spread is too wide |
| Friday close | Closes trades and pending orders before the weekend |
Exact input names and defaults may differ in your copy, so read the input tab carefully before going live.
The developer lists 1,000 USD as a minimum and suggests larger balances for percentage-based sizing. On accounts under about 3,000 USD the minimum lot can exceed your intended risk, so use the Low profile or a fixed lot. Confirm contract size and lot limits with your broker.
Trading carries risk and you can lose part or all of your capital. Past results, including back-tests and signal histories, do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account) |
| Strategy focus | Gold or XAUUSD, Scalping, Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Symbol | XAUUSD (gold) only |
| Timeframe | Any chart timeframe; the EA uses its own internal timing |
| Trade style | Breakout entries with pending stop orders, scalping to swing |
| Account type | ECN or raw spread, hedging, 2- or 3-digit gold quotes |
| Deposit guidance | Developer suggests 1,000 USD minimum; confirm with your broker |
| Lot sizing | Fixed lot, risk % per position, max risk per level |
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It is built for MetaTrader 5 only. It will not load in MetaTrader 4. Your account should use the hedging mode, because several orders can sit at the same price level at the same time.
Attach it to a single XAUUSD chart. The timeframe of that chart is not important, since the EA runs its own internal timing. Check that your broker's gold symbol name matches what the EA expects, and adjust the symbol settings if it carries a suffix.
Gold has a high price, so a small balance may force the minimum 0.01 lot, which can push real risk above the target. The developer recommends the Low profile or a fixed lot on smaller accounts, and an on-chart alert appears when the real risk exceeds the target. Check your broker's contract size and minimum lot before you start.
The developer states that it does not. Each position is sized on its own stop distance and carries a fixed stop loss. This reduces some risks but does not remove them, and losses can still occur.
Start with the lowest profile that fits your goals and test it on a demo account. Higher profiles activate more entry models and take more exposure, so drawdowns can be deeper. Review the available preset settings and the developer's profile guide before moving up.
Copy the expert advisor into the Experts folder via File, Open Data Folder, MQL5, Experts in MetaTrader 5. Restart the terminal or refresh the Navigator, enable Algo Trading, then drag it onto an XAUUSD chart and set the risk profile.
AMG Gold
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