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Fornax Gold is an MT5 expert advisor for XAUUSD on the M5 chart. It follows the trend, waits for price to return to an Orderblock zone, and uses fixed stops, session and news filters.
Get one message the moment it launches, with its price.
Fornax Gold is an automated trading tool for MetaTrader 5 that trades gold (XAUUSD) on the M5 chart. It looks for a trend, marks Orderblock zones and opens a position only when price comes back to a zone in the direction of that trend.
The EA reads trend direction from moving averages and Bollinger Bands. It then maps supply and demand zones and waits for price to return to one of them. Entries are limited to the busier London and New York hours, and the quiet Asian session is skipped.
Each position is opened with a fixed stop loss and take profit, and a trailing stop can protect gains once the trade moves in the right direction. If a position goes against you, an optional recovery step can add one more position on the same side at the same lot size. The EA allows at most two positions per side, and the basket is closed once it returns to a small profit. Because exposure is capped and the lot size does not grow, this is a limited recovery routine rather than an open-ended averaging grid. Recovery still adds exposure, so you should understand it before going live.
The inputs are grouped by purpose. Confirm the exact values and their units in the input window after attaching the EA, because gold pricing differs between brokers.
| Group | What it controls |
|---|---|
| Trade | Take profit, stop loss, trailing start and stop, maximum spread, recovery on or off |
| Risk | Auto lots, risk percent per trade, manual lot size |
| Time | Automatic in live trading; choose a server time model for the Strategy Tester |
| Protection | Maximum daily loss in percent |
| News filter | Enable, minutes before and after, currencies, feed address |
| Alerts and theme | Push notifications, dashboard on or off |
An on-chart panel shows account, performance, market and open position data. It has buttons to pause trading or close positions manually.
Trading carries risk, and past results, including Strategy Tester results, do not predict future ones. Losses are a normal part of trading. Start on a demo account or with the smallest lot, and keep the risk percent low if you use auto lots.
Tester results can differ from live trading because the tester uses a built-in list of past news dates while live trading uses the current calendar. Spread, slippage and broker execution also change outcomes on gold.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account required) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Symbol | XAUUSD or GOLD, any broker suffix |
| Timeframe | M5 |
| Trade style | Trend following with zone entries and limited recovery |
| Minimum deposit | Check the product page; about $500 is suggested at 0.01 lot |
| Leverage | 1:100 or higher suggested |
| Broker type | Low-spread or ECN gold quotes preferred |
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It is an MT5 expert advisor and does not run on MetaTrader 4. The account must be a hedging account, because the EA can hold positions in both directions at the same time.
Attach it to an XAUUSD or GOLD chart set to M5. Broker suffixes such as m, ECN or a trailing dot are handled, and so are 2-digit and 3-digit gold quotes. Do not use it on other symbols without testing.
The defaults are intended to work as they are, so you can start with them. Check the stop loss, take profit and lot settings against your own balance and risk tolerance, and test on a demo account first.
The news filter downloads a calendar of high-impact USD events. In MetaTrader 5 go to Tools, Options, Expert Advisors, tick Allow WebRequest for listed URL and add https://nfs.faireconomy.media. Without this the filter cannot load live data.
A VPS is recommended because the EA works on a 5-minute chart and must be connected during the London and New York sessions. Keep the terminal open and the algo trading button enabled.
Do not run two instances with the same magic number on one account, as they would interfere with each other's positions. If you need more than one, give each a different magic number.
Fornax Gold
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