
Goldlytic is an MT5 expert advisor that trades gold (XAUUSD) from the signals of a built-in trend indicator. It can scale into a basket of positions and offers trailing stops, spread limits and a trading-hours filter.
Get one message the moment it launches, with its price.
Goldlytic is an expert advisor for MetaTrader 5 that follows the direction of price on gold. It reads a trend indicator built into the EA, opens trades when that indicator gives a signal, and manages them with fixed targets, an optional trailing stop and an optional basket of positions.
The EA does not need a separate indicator on the chart. Its trend logic is included, and a trade is opened when the signal appears and the filters allow it. Each position can carry a stop loss and a take profit set in pips. You can also let the EA close open positions when a signal in the opposite direction arrives.
Instead of a single trade per signal, the EA can add further positions in the same direction. You choose the maximum number per direction, the distance between orders and a lot multiplier for each following order. A second, dynamic distance can start from a chosen order number, with its own multiplier, so later orders are spaced further apart. A partial-close option can reduce drawdown once a set order number is reached and a minimum profit percentage of the balance is available.
Adding positions against a move increases exposure. Larger multipliers and tighter distances raise that exposure quickly, so keep them modest and test them first.
An on-chart panel lets you block buying or selling. This is useful when you have your own view of the larger trend and want the EA to trade only one way.
The EA is designed mainly for XAUUSD. It can be attached to other symbols, but pip-based inputs such as stop loss, take profit and distance will need to be rescaled for each market. The best timeframe is not stated here, so check it in the strategy tester on your own broker's data before choosing one.
| Input | Purpose |
|---|---|
| Lot type, Lot size | Constant lot, risk-based lot or constant size per 1000 of balance, plus the size value |
| Trade Buy, Trade Sell | Allow or block each direction |
| Max spread | Highest spread at which positions are opened or closed |
| Close from opposite | Close positions when a new opposite signal arrives |
| Stop Loss, Take profit | Exit levels in pips |
| Trailing Stop, Trailing Step | Trailing distance and step in pips |
| Max positions, Distance, Lot multiplier | Basket size, spacing and lot growth |
| Second distance inputs | Order number, start distance and multiplier for dynamic spacing |
| Close partial after order #, Percentage to close | Drawdown reduction trigger and minimum profit percentage |
| Start hour, End hour | Time window in which signals are accepted |
Default values are not listed here, so review each input in the properties window and confirm it suits your account.
Trend-following systems tend to perform worse in sideways markets and can be hurt by sharp reversals. Gold can move quickly around scheduled economic news, and a basket of positions amplifies that. Consider disabling the EA during long one-way trends and major releases, or narrow the trading hours.
Trading carries risk, and you can lose some or all of your capital. Past results, including any shown in backtests, do not predict future ones. Test on a demo account first and only trade amounts you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, trend following |
| Main market | Gold (XAUUSD); other symbols possible with testing |
| Timeframes | Check the settings and test on your broker's chart |
| Trade style | Trend signals, optional multi-position basket |
| Lot sizing | Constant, risk-based or constant per 1000 |
| Controls | On-chart panel for buy/sell direction |
| Requirements | MT5 account with algo trading enabled |
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It is built for MetaTrader 5 only. It will not load in MetaTrader 4. Use an MT5 account that allows expert advisors and algorithmic trading.
It is designed for XAUUSD, but the trend logic can be attached to other symbols such as forex pairs or crypto if your broker offers them. Spreads, pip values and volatility differ between markets, so test on a demo account and adjust the pip-based inputs before using it elsewhere.
Copy the expert file into the MQL5/Experts folder via File, Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Drag the expert onto a chart, tick Allow Algo Trading in the properties window, and make sure the Algo Trading button in the toolbar is on.
As a trend-following tool, it can struggle in long one-directional moves, especially when a basket of positions is open, and around major news releases. Many users restrict its trading hours or switch it off during such periods. Decide this based on your own testing and risk tolerance.
Check the maximum spread, stop loss, take profit, lot type, maximum positions and distance between positions against your account size and your broker's conditions. Run it on a demo account first. Minimum deposit depends on your lot settings and broker, so confirm it yourself.
EA Goldlytic MT5
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