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GOLD EAgle is an MT5 expert advisor built for XAUUSD on the M5 chart. It opens trades on a trend indicator signal, can add averaging orders, and includes a trading panel for manual entries.
Get one message the moment it launches, with its price.
GOLD EAgle is an expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD). It follows a trend scalping approach on the M5 chart, uses an indicator signal to open its first order, and can build a small series of orders when price moves against the position.
The EA waits for a signal from a trend indicator and opens an initial order with a take profit set at a defined distance. If price reaches that level, the trade closes. If price instead pulls back, the EA can open further orders in the same direction. Each added order moves the combined take profit of the series closer to the current price, so a smaller recovery can close the whole group.
This averaging technique can shorten the time a series stays open, but it also raises exposure when the market keeps moving against you. Review the limits on order count and lot size carefully before trading live.
The chart panel lets you place orders by hand. The EA treats these as part of its own series and closes them together using the shared take profit. This is convenient, but manual orders also add to your total exposure.
The product is tuned for XAUUSD on M5. Other symbols or timeframes are not the intended use, and you should not assume the logic transfers. Brokers with tight gold spreads are preferable, since a scalping approach is sensitive to trading costs.
Input names and default values can differ between releases, so open the inputs tab and read each parameter before starting. The table lists the groups of options you are most likely to review.
| Option | Purpose |
|---|---|
| Higher timeframe filter | Restricts new entries to the direction of the larger trend |
| News filter | Pauses trading around important releases |
| Show panel | Displays the manual trading panel on the chart |
| Calculate profit | Shows profit figures; switch off to speed up tests |
| Show break-even line | Draws the series break-even level; switch off for faster tests |
Lot size, take profit distance and the maximum number of averaging orders should be checked in the inputs, since values depend on your account.
Trading carries risk, and past results do not predict future ones. Averaging orders can increase losses if gold trends strongly against a series. Test on a demo account first and only risk money you can afford to lose.
Before running the strategy tester, confirm that complete XAUUSD quote history is available. Use opening prices or 1-minute OHLC data, and turn off the visual extras to save time. Treat tester output as a rough guide only.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (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 |
| Main symbol | XAUUSD (gold) |
| Recommended timeframe | M5 |
| Trade style | Trend scalping with averaging orders |
| Account type | Hedging account required |
| Leverage | 1:200 or higher is recommended |
| Other requirements | Stable connection; VPS recommended; low-spread broker |
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The EA is built for XAUUSD on the M5 chart. Attach it to that chart, enable algorithmic trading in the terminal and allow automated trading in the EA properties. Some brokers add a suffix to the symbol name, so check how gold is named at your broker.
No. The EA is intended for hedging accounts, because it manages several orders in the same direction as one series. Ask your broker which account mode they offer before you buy.
A VPS is recommended. The EA needs a continuous internet connection and a terminal that stays running, and a VPS is the usual way to achieve that. A home computer that sleeps or loses its connection can interrupt a series of orders.
The news filter relies on a web address being added to the allowed URL list in the MetaTrader options. The exact address and steps are described in the product documentation, so follow those and confirm the filter is switched on in the EA inputs.
Make sure the terminal has a full quote history for XAUUSD. Test on opening prices or 1-minute OHLC data, because the EA works on bar opens. To speed things up, turn off the panel, the profit calculation and the break-even line in the inputs. Backtests do not predict live results.
A minimum of 100 USD is mentioned for the product, but the amount that suits you depends on your broker, lot size and how many averaging orders you allow. Check the settings and test on a demo account before deciding on a balance.
GOLD EAgle mt5
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