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Gold pips EA is an MT4 expert advisor that places Buy Stop and Sell Stop pending orders at the high and low of a bar. It is built mainly for XAUUSD on M5 and M15 and includes a fixed stop loss, a trailing stop and an optional auto lot function.
Get one message the moment it launches, with its price.
Gold pips EA is an expert advisor for MetaTrader 4 that trades breakouts on gold. At a set time it reads the high and low of a bar and places a Buy Stop above and a Sell Stop below, so a position opens only if price moves beyond one of those levels.
The core idea is simple. The high and low of a chosen bar act as support and resistance. Pending stop orders sit just outside that range and are triggered when price pushes through. Each trade carries a stop loss, which the developer states is 250 points by default, and the exit uses a fast trailing stop to follow price once a trade moves in your favour.
An auto lot function can size positions from your account balance. The developer says it does not use martingale or averaging. Listing tags also mention grid, so check in the strategy tester and on a demo account how many orders and positions can be open at the same time.
Spread matters a great deal for this kind of system, because entries are placed at the edge of a range. Low-spread ECN or raw accounts are advised, and the developer points to a hedging account type.
The developer says the defaults suit most brokers using GMT+3 server time. The exact input names and values can differ between releases, so open the Inputs tab and review each one before going live.
| Area | What to check |
|---|---|
| Trading hours | Match the start and end times to your broker's server time |
| Lot size | Choose fixed lots or the auto lot option and confirm the risk per trade |
| Stop loss | Confirm the distance in points suits your broker's gold pricing |
| Trailing stop | Review the trailing distance and step |
The developer's suggested minimum deposit is small, but confirm what is sensible for your broker's contract size and margin rules.
Trading carries risk, and you can lose some or all of your capital. Past results, including any published signal, do not predict future ones. Test on a demo account first and only trade amounts you can afford to lose.
For continuous operation, run the terminal on a VPS so it stays connected around the clock.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Gold or XAUUSD, Signals, Grid, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Main market | XAUUSD (gold); other symbols can be tested |
| Timeframes | M5 and M15 |
| Trade style | Breakout with pending stop orders |
| Account type | Hedging account with low spreads (ECN or raw) |
| Stop loss | Fixed stop loss on every trade; default stated as 250 points |
| Server time | Defaults suit GMT+3 brokers; adjust trading hours otherwise |
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It is an MT4 expert advisor and will not load in MetaTrader 5. If you use MT5, look for a version made for that platform instead of trying to convert this one.
The developer recommends XAUUSD on M5 or M15. Symbol names differ between brokers, for example XAUUSD or GOLD, so confirm the name on your own account and test it in the strategy tester before trading live.
The default settings are intended for brokers on GMT+3 server time. If your broker uses a different server time, adjust the trading time inputs so the orders are placed at the intended hours. Check the input list in the expert properties window for the exact names.
Breakout systems on gold are sensitive to spread and slippage, so a low-spread ECN or raw account is advised, and the developer points to a hedging account type. Compare spreads and execution on a demo account first.
The developer describes the logic as pending orders placed at bar highs and lows, with a stop loss on each trade, and says martingale and averaging are not used. Because listing tags mention grid, run the strategy tester and a demo account to see how many positions open in practice.
A VPS is useful because the expert advisor needs MetaTrader to stay open and connected to place and manage pending orders. A home computer that sleeps or loses connection can miss trades.
Gold pips EA
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