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Gold Hand is an automated expert advisor for MetaTrader 4 that trades XAUUSD, mainly on the M5 chart. It combines price action and trend logic with a news filter and automatic lot sizing.
Get one message the moment it launches, with its price.
Gold Hand is an automated expert advisor for MetaTrader 4 that focuses on a single market: gold quoted against the US dollar (XAUUSD). It is meant to run on the M5 chart, opening and managing trades without manual input.
The EA reads price action and trend direction on the chart and uses that information to decide when to enter. It also includes a news filter intended to keep it away from some high-impact releases, and automatic lot selection based on the risk level you set. Because gold can move sharply, you should confirm in testing how the filter and the lot sizing behave on your own broker's feed.
The store tags for this product include trend and grid. Before you trade live, watch how the EA handles several positions on a demo account, and check the input list for anything related to position count, spacing or recovery, so that you know exactly how exposure can build up.
The exact list of inputs can differ between releases, so open the EA properties after attaching it and read each field. The items below are the ones you will most likely want to review.
| Area | What to check |
|---|---|
| Risk level | Controls how large the automatic lot size is relative to your balance. |
| News filter | Whether it is enabled and how much time it blocks around events. |
| Trade identifier | A magic number, useful if you run other EAs on the same account. |
| Spread and slippage limits | Gold spreads vary by broker and time of day, so confirm any limits suit your account. |
Gold is a volatile instrument, and an automated system can lose money as well as make it. Drawdowns, wide spreads, slippage and gaps around news can all affect an account. Start with a demo account, test with a small risk level, and only trade money you can afford to lose.
Trading carries risk, and past results, including any back-tests, do not predict future ones. Nothing on this page is a promise of profit or a substitute for your own testing.
If the news filter relies on web access, you may need to allow the relevant address under Tools > Options > Expert Advisors. Check the settings window for any such requirement.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | Gold or XAUUSD, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Symbol | XAUUSD (gold against the US dollar) |
| Recommended timeframe | M5 |
| Trade style | Price action and trend following |
| Money management | Automatic lot selection, adjustable risk level |
| Extras | News filter |
| Reference minimum deposit | About 200 USD; confirm with your broker's contract size |
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No. This listing is the MetaTrader 4 build only. It will not load in MT5, which needs a separate MT5 version of an expert advisor.
It is designed for XAUUSD on the M5 chart. Your broker may name the gold symbol differently, for example with a suffix, so check the exact name in Market Watch and attach the EA to that chart.
Copy the downloaded EA file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the EA onto an XAUUSD M5 chart. Make sure AutoTrading is switched on and that algorithmic trading is allowed in the EA properties.
It is intended for standard and ECN accounts on MT4. Spreads, commissions, execution speed and gold contract specifications differ between brokers and affect results, so test on a demo account with your own broker before going live.
A balance of around 200 USD is the figure given as a reference for the product. The right amount depends on your broker's lot sizes, leverage and the risk level you choose, so check these before trading real money.
Yes, the risk level and other inputs can be adjusted in the EA properties. Review each input on a demo account first, and keep the defaults until you understand what each one does.
Gold Hand
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