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Ghost Rider Trend EA is an MT5 expert advisor for gold (XAUUSD). It trades in the direction of a trend filter and uses a virtual recovery sequence, with ATR, session and US news filters limiting when new cycles start.
Get one message the moment it launches, with its price.
Ghost Rider Trend EA is an automated trading system for MetaTrader 5 that is aimed at gold (XAUUSD). It decides which direction is allowed using a trend engine, then runs buy or sell cycles in that direction only, managing the cycle with a recovery sequence that is partly virtual.
The trend engine sets the permitted direction. When the trend reads bullish the EA looks for buy cycles, and when it reads bearish it looks for sell cycles. It is not meant to start a new cycle against the detected trend. An optional EMA filter adds a second directional check, and the trend timeframe, EMA period and strong-trend confirmation can be set in the inputs.
Rather than sending every recovery step to the market, the EA records the steps as virtual trades while price moves through the sequence. You then choose how often a virtual step becomes a real position. With the frequency set to 5, for example, every fifth virtual event triggers real execution. This reduces how many live orders are open at a time, but it does not remove the risk of a sequence that runs against you.
Virtual and real baskets are managed separately. You can set a take profit for each, the distance between recovery steps, the maximum number of recovery events, and a currency-based basket profit target.
Adaptive scaling lets you define the account balance needed for each lot-size level. As the balance reaches a level, the lot size steps up on its own, so you do not have to edit it by hand. Because the thresholds are yours to define, set them with care, as larger sizes increase both gains and losses.
Use it on an XAUUSD chart, with the gold symbol name your broker uses. The trend, EMA and ATR timeframes are each separate inputs, so the chart timeframe is not the only one that matters. Spread and execution quality on gold vary between brokers, so test on the account type you intend to use.
These are the starting values suggested for gold. Confirm exact input names and defaults in the EA's input window, and adjust them for your own account.
| Setting | Suggested starting value |
|---|---|
| Base lot | 0.01 |
| Trend timeframe | H1 |
| EMA filter | Enabled, H1, period 200 |
| Real trade every N ghosts | 5 |
| Maximum spread | 3 pips |
| ATR new-cycle filter | M15, period 14, maximum 12 |
| Trading session | 07:00 to 22:00 broker time |
| News filter | High and medium impact, 120 minutes either side |
| Daily and monthly profit lock | Disabled by default |
Trading carries risk, and past results, including backtests, do not predict future ones. Recovery-style sequences can build up exposure when price keeps moving against a cycle. Equity protection is off in the suggested configuration, so decide on your own loss limits before going live and test on a demo account first.
For continuous operation, many traders run the EA on a VPS. Check your broker's gold symbol name, lot step and minimum lot before you begin.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, trend following with recovery baskets |
| Market | Gold (XAUUSD) |
| Timeframes | Trend timeframe is an input; H1 is a common starting point |
| Trade style | Trend-direction cycles with virtual and real baskets |
| Filters | EMA trend, ATR volatility, trading session, US news |
| Position sizing | Base lot plus adaptive scaling by account balance |
| Requirements | Algo trading enabled, stable connection or VPS, gold symbol on broker |
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No. This listing is for MetaTrader 5 only. An MT5 expert advisor cannot be loaded into MetaTrader 4, so check that your broker offers an MT5 account before buying.
The EA is designed for gold, so attach it to an XAUUSD chart. Brokers name the symbol differently (for example with a suffix), so use the gold symbol your broker provides. The trend timeframe is set in the inputs and does not have to match the chart timeframe, so check the input list and test before going live.
Treat them only as a starting point. Lot size, maximum lot, spread limit and the profit lock options should be matched to your balance, your broker's conditions and the loss you can accept. Run the EA on a demo account first and review how it behaves.
As price moves through the recovery sequence, the EA records virtual trades rather than opening each one. You choose how often one of these steps becomes a real order. Recovery sequences can still build up exposure during a long move against the position, so set limits carefully.
The EA contains stored US economic news history for testing, so the filter can be applied to historical runs. That data only covers a limited period and cannot predict how live news events will unfold, so check the tested date range and confirm the behaviour in your own tests.
Ghost Rider Trend EA
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