Gold Grinder XAU

Gold Grinder XAU is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) with two independent baskets, one for BUY positions and one for SELL positions. It starts with a breakout straddle and then uses grid averaging to manage trades that move against it.

How it works

The EA places a pair of pending stop orders around the market, one above and one below. Whichever side triggers first starts a basket in that direction. The other side can start its own basket later if price reverses, so both baskets can be open together. This is why the account must allow hedging.

Averaging with a grid

If price moves against a basket, the EA adds positions at set distances. Each of up to 15 levels has its own spacing and its own lot size, so you can decide how quickly exposure grows. Pending orders for the next level are kept close to the market so that fills happen near the intended price.

Closing trades

• Peel exit: as price retraces through the grid, individual positions close at the nearest profitable neighbouring entry.
• Basket exit: the oldest core positions close once their combined profit reaches a dollar target.
• Breakeven handling: a basket that has reached its maximum depth can be closed once it returns to a profit.

Other functions

• Existing or manually opened positions on the symbol can be adopted into a basket.
• A news filter with a rescue mode covers major releases, and there is a Friday close protection option.
• Request throttling, cooldowns and circuit breakers limit how much order traffic is sent to the broker.
• The EA detects cent or standard accounts, contract size and 2- or 3-digit gold pricing.
• An on-chart dashboard shows floating profit or loss, basket state, cooldown timers and period statistics.

Markets and timeframes

The EA is built for XAUUSD only, and broker suffixes on the symbol name are accepted. The grid distances are expressed in dollars of gold price, so they depend on how your broker quotes the metal. No single chart timeframe is given here, so confirm the intended chart in the Strategy Tester and check that results do not change unexpectedly between timeframes. A VPS is advisable because the EA manages open baskets continuously during the trading week.

Settings

The inputs below are the main ones. Defaults are listed as a starting point; confirm them in the terminal and test any changes before live use.

Risk

Grid and averaging systems add to losing positions. In a long one-way move, exposure builds up and floating losses can become larger than the profit targets you set. The lot progression is steep at the deeper levels, so check what the full 15-level sequence would cost in margin and drawdown on your account size. Capital figures often quoted for this kind of EA are a starting reference only; work out your own limits from tests.

Installation

1. Confirm that your MT5 account is a hedging account and that your broker offers XAUUSD.
2. Copy the downloaded expert advisor file into the MQL5/Experts folder (File, Open Data Folder in MT5), then restart the terminal or refresh the Navigator.
3. Open an XAUUSD chart and drag the EA onto it.
4. Enable algorithmic trading in the terminal and allow it in the EA properties.
5. Review the inputs, set a unique magic number if you run several copies, and start on a demo account.