Gold Ambush

Gold Ambush is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) using breakout entries. It places pending stop orders beyond the previous bar's range, protects each trade with a hard stop-loss, and then manages open positions with a trailing stop that moves in stages.

How it works

At the start of a bar, the EA looks at the high and low of the prior bar and adds a configurable buffer distance. Pending stop orders are placed at those levels, so a trade opens only if price breaks out. The description lists a default buffer of 400 points, but you should confirm the current default in the inputs of your copy.

Entry modes

• Place the pending order at bar open, some distance from price.
• Defer the order until price approaches the trigger level.

Trade management

Each breakout opens one position with a fixed stop-loss. The trailing stop has three phases: a trigger distance, a break-even lock and a step size. The stop-loss is noticeably wider than the trailing step, so a series of losing trades is possible.

Filters

• Session filter that limits trading to late Asian, London and New York hours.
• Friday cutoff that stops new entries late in the day.
• Monday delayed start that waits for the market to settle and cancels leftover pending orders.
• Spread cap that rejects entries when spread widens.
• Optional news filter that uses the MQL5 economic calendar.
• Optional regime throttle that pauses trading when recent profit factor falls below a threshold.

Markets and timeframes

The EA is intended for XAUUSD on the M15 chart. Both 2-digit and 3-digit gold quotes are supported. Other symbols and timeframes are not the intended use, so do not assume they will behave in the same way.

Settings

Exact input names and defaults can differ between copies, so review the input tab before running. The main groups are listed below.

Setfiles and a user guide are offered by the developer after purchase. Ask for them and compare their values with the inputs before going live.

Broker requirements

Because stops and trailing distances are tight, execution quality matters as much as the logic. Look for a low typical gold spread, stable spreads during news and the Asian session, and small slippage on stop-order fills. A broker that is weak in any of these can produce results well below what you see in a backtest. Run the strategy tester with your own broker's data, then trade the smallest lot size on a live account and compare.

Risk

Installation

1. Download the file after purchase and copy the expert advisor into the MQL5/Experts folder via File, Open Data Folder in MetaTrader 5.
2. Restart the terminal or refresh the Navigator panel.
3. Open an XAUUSD M15 chart and drag the EA onto it.
4. Allow algorithmic trading in the terminal and in the EA properties.
5. If you use the news filter, add the required web request permission if the terminal asks for it.
6. Set the lot or risk mode and the filters, and test on demo before going live.