Cosmos Orion

Cosmos Orion is an expert advisor for MetaTrader 5 that trades gold. It does not try to forecast direction. It waits for a three-point structure to form on the H2 timeframe and only places an order if price then breaks out of it.

How it works

The EA scans for three-pivot structures. Every pivot is confirmed on closed bars only, so a pivot is not redrawn after the fact. When a structure meets the rules, the EA places a Buy Stop or a Sell Stop close to the newest pivot. If price never breaks out, no trade is opened, and pending orders that expire or are invalidated are removed automatically.

Exit management

• Each pending order is sent with a fixed stop loss and take profit.
• Break-even moves the stop past the entry price once the trade has made some minimum progress.
• A trailing stop follows price as the position gains.
• Partial take profit closes part of the position and leaves the rest open.
• Exit distances are set as a percentage of the current gold price, so they scale as the price level changes.

Built-in filters

• After two winning trades in a row, new entries pause until the next server day.
• Pending orders are removed before the Friday close and resume on Monday. Open positions are still managed.
• New entries pause around major US data releases.
• No new entries when volatility is too low or too high.
• A maximum spread limit and a margin check with a safety reserve.

The EA does not use grids, martingale or averaging down. Risk is calculated before each order is sent.

Markets and timeframes

The EA is designed for XAUUSD or GOLD, including symbols with suffixes. Signals always come from H2, so the timeframe of the chart does not affect them. Attach it to one chart only. A hedging account is required. A low-spread ECN or raw account and a VPS that runs around the clock are recommended.

Settings

Exact input names can differ between releases, so read the documentation that comes with the product. The main areas are below.

Risk

Begin with the lowest risk level or test on a demo account. On small accounts the broker's minimum lot, often 0.01, can mean more risk than the percentage you chose. Check the suggested minimum deposit in the product documentation and compare spreads and execution with your broker.

Installation

1. In MT5, choose File, then Open Data Folder.
2. Copy the EA file into MQL5/Experts.
3. Restart MT5 or refresh the Navigator panel.
4. Open a gold chart and drag the EA onto it.
5. Allow Algo Trading in the toolbar and in the EA properties.
6. Check the status panel to confirm the EA is running and broker time detection has worked.