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Gold Boom is an MT5 expert advisor for XAUUSD that scalps on the H1 chart using price action logic. Each trade has a fixed stop loss, and a trailing take profit can be enabled. It has few inputs and can size lots by fixed volume or by account balance.
Get one message the moment it launches, with its price.
Gold Boom is an expert advisor for MetaTrader 5 that trades gold, quoted as XAUUSD. It works on the H1 chart, looks for short-term price action setups and manages each position with a fixed stop loss and an optional trailing take profit.
The expert reads price structure rather than relying on neural networks or machine learning. Its entry logic is described by the developer as a partial form of price action, combined with a scalping approach that aims to take small moves out of the gold market. Because it reacts to what the chart is doing, it does not try to forecast news events.
The developer states that the expert does not use martingale and that every order has a fixed stop loss. A trailing take profit can move the exit level once a trade is in profit. The weight factor changes how often orders are placed, so watch how many positions are open at once while testing.
The input list is short. The ranges below are the stepped ranges the developer suggests for optimisation. Confirm units and defaults in the inputs tab of your own terminal.
| Input | Purpose |
|---|---|
| MoneyManage | Turns balance-based lot sizing on or off. When off, FixLots is used. |
| FixLots | Fixed trade volume when money management is off. |
| Risk | With money management on, volume rises by 0.01 lot for every set amount of account currency. Check this against your balance and leverage. |
| MagicNumber, Comment | Identify the expert's orders. |
| SL | Fixed stop loss. Suggested test range 300 to 1500, step 100. |
| TP | Fixed take profit, which is often not reached. Suggested test range 100 to 500, step 100. |
| TrailTP | Distance that starts the trailing take profit. Suggested test range 20 to 100, step 10. A value close to TP makes TP more likely but can lower the win rate. |
| TrailStep | Stop distance behind the highest point once trailing starts. Usually set equal to TrailTP. Range 20 to 100, step 10. |
| WeightFactor | Controls order frequency. Smaller values place more orders. Range 1 to 20. |
| SlippageManage and maximum slippage | Compare the fill price with the expected price and close the order if the gap is larger than the limit. |
Scalping gold means spread, slippage and execution speed can change results a lot between brokers. The slippage check can reduce the damage from poor fills, but it closes orders at a small loss when triggered. Test on a demo account first and use lot sizes that suit your balance and leverage.
Trading carries risk, and you can lose money. Past results, including any backtest, do not predict future ones. Only trade with funds you can afford to lose.
Before running it live, test it in the Strategy Tester using your broker's data. If your computer is slow, test the inputs in segments rather than all at once.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Market | Gold, XAUUSD |
| Timeframe | H1 |
| Trade style | Scalping with price action entries and a trailing take profit |
| Money management | Fixed lots or balance-based lot sizing |
| Account type | Low spread or ECN account recommended |
| Hosting | VPS strongly recommended for continuous running |
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This listing is for MetaTrader 5. An expert advisor built for MT5 will not load in MT4, so check that your terminal is MT5 before buying. If you need an MT4 build, look for it as a separate product.
Gold Boom is designed for gold, usually quoted as XAUUSD, and the H1 chart. Some brokers add a suffix to the symbol name, such as XAUUSD.m. Attach the expert to the chart that matches your broker's gold symbol and confirm in the Market Watch window that it is available.
Plan to test them. The default values are a starting point and may not suit every broker, because spreads, execution speed and price feeds differ. Run the Strategy Tester on your own broker's data, then try a demo account before using real funds.
The developer states that it does not use martingale and that every order carries a fixed stop loss. The weight factor changes how often entries are placed, so during testing watch how many positions are open at once and how lot sizes behave.
Scalping on gold is sensitive to spread and slippage. A low-spread or ECN style account is recommended, and a VPS helps keep the terminal connected. Ask your broker about gold execution, stop level and trading hours.
Copy the expert file into the MQL5/Experts folder via File, Open Data Folder in MetaTrader 5. Restart the terminal or refresh the Navigator, drag the expert onto an XAUUSD H1 chart and turn on Algo Trading. Check that the smiley face icon shows on the chart.
Gold Boom
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