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Gold Limitless EA is an MT5 expert advisor for XAUUSD that places pending orders at the day's high and low, adds larger positions against adverse moves, and closes the whole basket at a profit target. It includes an on-chart dashboard.
Get one message the moment it launches, with its price.
Gold Limitless EA is a fully automated expert advisor for MetaTrader 5, designed to trade gold (XAUUSD) on the H4 chart. It places pending orders around the day's extremes, averages into losing positions when price moves against it and closes everything together once a total profit target is reached.
At each four-hour session the EA reads the highest and lowest prices gold has reached during the current day. It then sets a buy order near the low and a sell order near the high, expecting price to return to those levels. When one of the two orders is filled, the other is cancelled.
If the market keeps moving against the open position, the EA does not simply stop out. It opens additional positions with larger lot sizes, a martingale-style averaging method. The idea is that a modest reversal can bring the whole group of trades to the profit target. When the combined profit of all open positions reaches that target, the EA closes them all, resets and starts again.
The EA is built for gold only. Attach it to XAUUSD on the H4 timeframe. Brokers often add a suffix to the symbol name, which is generally acceptable, but you should confirm that the instrument is gold and that its contract size, spread and stop level suit automated trading. ECN, STP and standard account types can all be used if the broker offers the symbol.
A panel on the chart shows account balance and equity, current floating profit, results by day, week, month and year, a maximum drawdown tracker, the current martingale step and lot size, and order status. Use it to keep an eye on how deep the averaging has gone.
The exact input names and defaults are shown in the EA's Inputs tab after you attach it, so review them there rather than relying on assumptions. Typical areas to check are listed below.
| Area | What to check |
|---|---|
| Starting lot size | Match it to your balance and your tolerance for drawdown |
| Lot multiplier for averaging | Higher values increase exposure faster |
| Maximum averaging steps | Whether a limit exists and what it is set to |
| Total profit target | How it is defined (money or percentage) for the basket |
| Trading sessions and filters | Any time, spread or day restrictions |
Averaging with larger lots can recover many adverse moves, but it can also lead to large losses if gold trends strongly and the account runs short of margin. The author suggests about 500 USD and leverage of 1:100 or more; treat that as a starting point and check it against your own lot settings. Test on a demo account first, and consider how much loss you could accept before choosing lot sizes.
Trading carries risk, including the loss of more than you expect when using martingale-style methods. Past results do not predict future ones. Trade only with money you can afford to lose.
Keep the terminal running, ideally on a VPS, because the EA can only manage orders while MT5 is connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (not for MT4) |
| Strategy focus | Gold or XAUUSD, Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automated) |
| Market | Gold, XAUUSD (broker suffixes are usually fine) |
| Timeframe | H4 chart |
| Trade style | Pending orders at daily extremes with martingale-style averaging |
| Exit logic | Closes the whole basket at a total profit target |
| Account guidance | Author suggests about 500 USD and 1:100 leverage or more; confirm before use |
| Extras | Chart dashboard showing equity, profit periods and drawdown |
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No. It is an MT5 expert advisor and will not run on MetaTrader 4. You need a MetaTrader 5 account with a broker that offers gold.
Attach it to a gold chart, normally XAUUSD, on the H4 timeframe. Brokers name the symbol differently (for example with a suffix), so check that the symbol in your Market Watch is the gold instrument and that the EA is allowed to trade it.
It adds larger positions when price moves against it, so a strong one-way move can produce a deep drawdown. No setup removes that risk. Start on a demo account, review the lot and step inputs carefully and only risk money you can afford to lose. Past results do not predict future ones.
The author gives about 500 USD and leverage of 1:100 or higher as a guide. Your own needs depend on lot size, broker contract specifications and how many averaging steps you allow, so check the inputs against your account before going live.
Unzip the download and copy the expert file into the MQL5/Experts folder via File, Open Data Folder in MT5. Restart the terminal or refresh the Navigator, drag the EA onto an XAUUSD H4 chart and enable Algo Trading.
Licence terms are set by the store and the author, so check the details on this page and your download. Technically the EA can be attached to any MT5 account that offers gold, subject to your broker's rules on automated trading.
Gold Limitless EA
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