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Gold Mining is an MT5 expert advisor that trades XAUUSD with a scalping approach, combining several signal-based systems with preset risk levels, a spread filter and an optional equity-based profit-locking function.
Get one message the moment it launches, with its price.
Gold Mining is an automated expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD). It uses a short-term scalping approach and runs several internal systems side by side rather than relying on a single entry rule.
Each system inside the EA has its own strategy and generates its own entry and exit signals. The idea behind this structure is diversification: if one system struggles in a particular market condition, the others may be affected differently. Because exits come from the internal logic, many trades close before they reach the fixed take profit or stop loss.
For traders who prefer not to carry floating profit or loss, the EA has a profit-locking function. When account equity reaches a threshold you define, the EA closes all open positions on the account.
Instead of setting every lot size by hand, you can pick a built-in risk level. Each level has preset lot sizes for each system and shows a suggested account size. Treat these as guidelines, not rules, and choose a level that fits your own tolerance for drawdown.
The exact input names and default values can differ between releases, so open the inputs tab after attaching the EA and read each field. The main groups are listed below.
| Group | Purpose |
|---|---|
| Risk level | Selects preset lot sizes for each system |
| Spread filter | Skips entries when the spread is wider than your limit |
| Maximum positions | Ignores new signals once the open position limit is reached |
| TP, SL and magic number | Per-system exit levels and trade identification |
| Profit-locking | Equity threshold at which all positions are closed |
| Prop firm options | Randomises or offsets some trade parameters |
| Comment | Text attached to each order |
Change the magic number and comment to your own values, especially if you run more than one EA or use a funded account. An info panel on the chart displays key statistics while the EA runs.
Trading gold with leverage carries a high level of risk and you can lose more than you expect. Past results, including any shown on a product page, do not predict future ones. Test on a demo account first and never trade money you cannot afford to lose.
Gold can move quickly and spreads can widen around news releases. Scalping systems are sensitive to spread, slippage and execution speed, so results will vary between brokers. If you use a prop firm account, check its drawdown limits and its policy on automated trading, and choose a lower risk level accordingly.
A VPS is advised so the terminal stays online. The author suggests a deposit of around 1000 USD or more, but you should confirm what suits your broker and your own risk limits.
| Product type | Expert advisor, fully automated |
|---|---|
| Platform | MetaTrader 5 (hedging account type recommended) |
| Strategy focus | Gold or XAUUSD, Scalping, Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Market | XAUUSD (gold against the US dollar) |
| Timeframes | Designed around M1 and M5; can be attached to any chart timeframe |
| Trade style | Scalping with multiple systems and signal-based exits |
| Risk controls | Risk levels, spread filter, position limit, profit-locking, TP and SL |
| Suggested deposit | Around 1000 USD or more; confirm with your broker's contract size |
| Hosting | VPS recommended for continuous operation |
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This edition is for MetaTrader 5 only. It will not load in MetaTrader 4. It is intended for an account with the hedging position mode, so check your account type with your broker before you buy.
The system is built for XAUUSD. It focuses on M1 and M5 trading logic but can be attached to a chart of any timeframe. Some brokers add a suffix to the symbol name, so confirm that the symbol on your account is the one the EA recognises.
Copy the expert advisor file into the MQL5/Experts folder via File > Open Data Folder in MetaTrader 5, restart the terminal or refresh the Navigator, then drag the EA onto an XAUUSD chart. Make sure Algo Trading is switched on and automated trading is allowed in the terminal options.
The author suggests a minimum of about 1000 USD and gives recommended account sizes next to each risk level. These are guidelines only. Your own risk tolerance, leverage and broker conditions matter more, so test on a demo account first.
The EA includes settings intended for prop firm use and recommends lower risk levels where drawdown limits apply. Rules differ between firms, so read your firm's terms on expert advisors and automated trading before using any EA, and set your own magic number and comment.
A VPS is not required to run the EA, but it is strongly advised because the system needs the terminal to stay connected and running during market hours. A stable, low-latency connection also helps with scalping.
Gold Mining MT5
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