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Gold or is an MT5 expert advisor built for XAUUSD on the 15-minute chart. It combines a custom direction indicator with RSI and MACD filters, a news filter and several position sizing modes.
Get one message the moment it launches, with its price.
Gold or is an expert advisor for MetaTrader 5 that trades gold (XAUUSD). It looks for entries in the direction shown by a custom indicator and only acts when RSI and MACD agree with that direction.
The EA relies on three indicators. The first is a custom indicator that colours its signal to show the likely direction of price. A blue reading allows buy trades only, and a red reading allows sell trades only. The other two indicators act as filters on that direction.
Using the RSI 50 level as a dividing line means the EA aims to trade with momentum and avoid entries near overbought or oversold extremes. The indicator settings can be adjusted to loosen or tighten the entry conditions. The strategy tags for this product mention grid, so check in the Strategy Tester how many positions the EA holds at once with your settings, and do not assume how it scales into trades.
The suggested setup is XAUUSD on the 15-minute chart. Gold can move sharply and spreads vary between brokers, so test on your own broker's data and account type.
The inputs fall into three groups. Exact default values are not listed here, so review them in the inputs window after loading the EA.
| Group | Option | Purpose |
|---|---|---|
| News | News enable, importance, minutes before and after | Blocks new trades around calendar events of the chosen impact level |
| Risk | Risk value and risk mode | Sets volume: default, fixed volume, minimum lot, or percentage of equity, balance, free margin or credit |
| Risk | Trailing stop and level (%) | Moves the stop as price advances |
| Risk | Equity drawdown limit (%) | Stops new trades once the drawdown is reached; 0 disables it |
| Exit | SL type and deviation | Swing, average range, max range or fixed points |
| Exit | TP coefficient for SL | Take profit as a multiple of the stop distance |
Position size and stop loss choices have a large effect on how much an account can lose on a single trade or a run of trades. Choose a risk mode you understand, keep volumes modest while testing, and consider the drawdown limit.
Trading carries risk, including the loss of your deposit. Past results, including backtests and reviews, do not predict future results. Test on a demo account first.
Run the terminal on a VPS if you want the EA to operate around the clock.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, trend-following with indicator filters |
| Symbol | XAUUSD (gold) |
| Suggested timeframe | M15 |
| Entry filters | Custom direction indicator, RSI and MACD |
| News handling | Built-in MT5 economic calendar filter, adjustable |
| Stop loss types | Swing, average range, max range, fixed points |
| Requirements | Always-on terminal or VPS, algorithmic trading enabled |
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It is designed for XAUUSD on the 15-minute chart. Your broker may name the symbol differently, for example with a suffix, so check the exact gold symbol in your Market Watch before attaching the EA. Other symbols or timeframes have not been described as supported, so test them yourself before any live use.
No. Gold or is an MT5 expert advisor and will not run on MT4. You need a MetaTrader 5 terminal and an account that allows automated trading on gold.
A VPS is recommended because the EA needs the terminal running continuously to evaluate signals and manage open trades. A home computer that sleeps or loses its connection can miss entries and trade management.
When enabled, the EA uses the economic calendar built into MT5. You choose the minimum impact level and the number of minutes before and after an event during which new trades are blocked. Calendar data must be available in your terminal, so confirm this with your broker's platform.
Start on a demo account and check the defaults in the inputs window. Position sizing, stop loss type and take profit ratio all change how the EA behaves, so test them in the Strategy Tester and forward test before using real funds. Minimum deposit and lot size limits depend on your broker, so check those too.
After downloading, copy the EA file into the MQL5/Experts folder via File, Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Drag the EA onto an XAUUSD M15 chart and make sure algorithmic trading is enabled.
Gold or
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