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GOLD Edge PRO MT5 is an expert advisor built mainly for gold (XAUUSD). It follows the trend using a moving average and multi-timeframe RSI, adds positions in a grid, and includes news, spread and drawdown-reduction tools.
Get one message the moment it launches, with its price.
GOLD Edge PRO MT5 is an expert advisor for MetaTrader 5 that is designed mainly for gold, quoted as XAUUSD. It combines a trend filter with grid-style position building and adds a set of protective options, such as news, spread and daily profit controls.
The EA looks for trend direction with a moving average and confirms it with RSI readings taken from several timeframes. When a signal appears it opens a position. If price moves against that position, further orders are added at set distances, forming a grid. By default a candlestick filter decides whether a new grid order is allowed once the distance is reached. You can switch that filter off, in which case orders are placed whenever the distance is hit.
Because the EA studies conditions before it acts, it may stay idle on some days. That is part of its design and not necessarily a fault.
When the account is in drawdown, the DD Reduce function takes the oldest open order and closes it together with the most recent one. The aim is to lower the number of open positions and the exposure. A trailing stop can be applied to both the grid and DD Reduce.
An on-chart panel lets you add manual trades, which are then managed as part of the grid series. You can close all trades by hand and change the maximum number of trades and the maximum lot size without opening the settings window. The panel can be hidden if you prefer a clean chart.
The M5 timeframe is the one suggested. Gold is the primary market, but the EA can also run on pairs such as AUDUSD, EURUSD and GBPUSD. Auto Set Distance calculates the grid spacing for these pairs, while on gold the distance is entered by hand.
The exact input names and defaults can change between releases, so open the inputs tab after loading the EA and compare them with the developer's guide. The main option groups are:
| Option | Purpose |
|---|---|
| News filter | Pauses trading around major news releases |
| Daily profit stop | Stops trading for the day once a set profit in account currency is reached |
| Spread filter | Blocks new trades when the spread is above your limit |
| Non-trading days | Skips chosen days, such as month start or end, with an option to close open trades |
| Time to trade and day of the week | Limits trading hours and weekdays, and can close trades outside them |
| Candle filter | Turns the candlestick condition for grid orders on or off |
| Panel | Shows or hides the on-chart panel |
Grid methods can build large positions during a strong one-way move, so lot size, maximum trades and account size matter a great deal. Gold can move quickly and spreads can widen around news. The developer suggests a sizeable deposit for XAUUSD, so check the current guidance and use a small lot until you understand the behaviour.
Trading carries risk, and you can lose some or all of your capital. Past results do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Main market | Gold (XAUUSD) |
| Other markets | AUDUSD, EURUSD, GBPUSD and other pairs with suitable settings |
| Recommended timeframe | M5 |
| Trade style | Trend following with grid entries |
| Risk tools | DD Reduce, daily profit stop, spread and news filters |
| Account needs | Hedging or netting account, VPS recommended; check deposit guidance |
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It is built for MetaTrader 5 only. It will not load in MetaTrader 4. If you need an MT4 tool, look for a separate product made for that platform.
Not necessarily. The EA checks market conditions, including its trend, RSI and candle filters, before it trades. Days with no entries can be normal. Read the developer's guide for details of the trading behaviour.
The developer's guidance for XAUUSD suggests a fairly large balance, around 3,000 USD for a 0.01 lot with a low-risk configuration and more for comfort. Grid systems can hold losing positions for a long time, so check the current guide and test on a demo account first.
Yes. It can run on other symbols such as AUDUSD, EURUSD or GBPUSD. The Auto Set Distance option calculates the grid interval for you. Settings that suit gold will not suit other pairs, so use the settings recommended for each symbol and test them first.
The news filter needs the relevant news settings to be configured in the terminal, including allowing the required web requests in the platform options. Follow the setup steps in the developer's guide and confirm that the filter is active on a demo chart.
It generally works with brokers that offer XAUUSD on MetaTrader 5. Symbol names, spreads, swaps and trading hours differ between brokers, so check the symbol suffix and spread, and test on a demo account before going live.
GOLD Edge PRO MT5
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