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GOLD EAgle is an MT4 expert advisor for XAUUSD on the M5 chart. It scalps with the trend, uses a TrendLine PRO signal, averages into losing series, and includes a manual trading panel.
Get one message the moment it launches, with its price.
GOLD EAgle is an expert advisor for MetaTrader 4 that trades gold against the US dollar (XAUUSD). It works on the M5 chart, takes its entry signal from a TrendLine PRO indicator, and manages open positions as a series with one shared take profit.
The EA waits for a signal from the TrendLine PRO trend indicator and opens a first order in that direction with a fixed take profit. If price moves against the position and does not reach that target, the EA can open additional orders at later levels. Each added order moves the combined take profit closer to the current price, so the whole series can close at a smaller price recovery.
This averaging approach can close many series at a small gain, but it also means that a strong, one-directional move can leave several orders open at once. Position size, the number of orders in a series and account size all matter, and you should understand them before using the EA on a live account.
The EA draws a panel on the chart that lets you open orders by hand. Orders placed this way are folded into the EA's series and closed together with it at the common take profit. The panel can be turned off in the settings, which is also useful for faster back-testing.
The EA is tuned for XAUUSD and is intended to run on the M5 timeframe. It is not designed as a multi-symbol system. It can run alongside other expert advisors on the same account, but check that magic numbers and total exposure do not conflict.
The default settings are meant for the M5 chart. Exact values and any set files should be checked against the instructions that come with the product, since they may differ by broker. Options you will come across include:
| Option | Purpose |
|---|---|
| Higher timeframe filter | Limits new trades to the direction of a larger-period trend |
| News filter | Pauses trading around important news |
| Show Panel | Shows or hides the manual trading panel |
| Calculate Profit | Displays profit calculations on the chart |
| Show BreakEven line | Draws the series break-even level on the chart |
Lot size, take profit distance and the maximum number of averaging orders should be set to suit your account size. Check these before trading live.
Trading carries risk and past results do not predict future ones. Strategies that average into losing positions can accumulate large drawdowns in a sustained trend. Test on a demo account first and only risk money you can afford to lose.
Use a hedging account with leverage of 1:200 or higher, a low-spread broker and a VPS for continuous operation. Confirm the minimum deposit recommended for your lot settings before you start.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Market | Gold, XAUUSD |
| Timeframe | M5 chart recommended |
| Trade style | Trend scalping with averaging of order series |
| Account type | Hedging account recommended |
| Leverage | 1:200 or higher recommended |
| Requirements | Stable connection, VPS advised, low-spread broker |
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This listing is for MetaTrader 4. It will not run on MetaTrader 5, which needs a separate build of the product.
Attach it to the XAUUSD chart on the M5 timeframe. Your broker may add a suffix or prefix to the gold symbol, so confirm the exact name in Market Watch. Turn on AutoTrading in both the terminal toolbar and the EA properties.
The EA needs a permanent connection to run without gaps, so a VPS is advised. Any reliable VPS with MT4 installed will do, as long as it stays online during market hours.
A hedging account with leverage of 1:200 or higher is recommended, and a broker with low gold spreads helps. Check the minimum deposit the developer recommends and your broker's contract specifications before going live.
The news filter loads data from a web address that must be added to the list of allowed URLs in the MT4 options under the Expert Advisors tab. Follow the setup instructions provided with the product for the exact address.
Yes. Orders opened from the panel are added to the EA's order series and closed together with it at a common take profit. Test this on a demo account first so you understand how it affects the series.
GOLD EAgle mt4
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