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Gold PMG EA is an MetaTrader 4 expert advisor built mainly for XAUUSD on the M5 chart. It places pending orders, confirms direction with a higher-timeframe moving average, and manages a progressive grid with daily limits.
Get one message the moment it launches, with its price.
Gold PMG EA is a fully automated expert advisor for MetaTrader 4 that focuses on Gold (XAUUSD). It places pending orders at planned price levels, checks the broader trend on a higher timeframe and manages additional positions step by step as price moves.
The EA reads direction from a fast and a slow moving average on the chart it is attached to. It then places its first pending order a set distance away from the current price instead of entering at market. The entry mode decides whether that order is a stop order, which waits for continuation, or a limit order, which waits for a pullback.
If the higher-timeframe filter is enabled, trades against the larger trend are skipped. The suggested default is an H4 chart with a 250-period moving average. When price moves, further orders are added one at a time in a progressive grid. Grid spacing can be fixed or adjusted using volatility through an ATR-based option, so it can widen in active conditions and tighten in quiet ones.
The author does not publish the full internal logic, so judge the EA through your own testing rather than assumptions.
Symbol names, spreads and contract sizes differ between brokers, so check these on your own account before running the EA.
The inputs fall into trading, entry signal, trend filter and protection groups. The main ones are listed below. Default values are not shown except where the author recommends them, so open the input window and review each value.
| Input | Purpose |
|---|---|
| InpAllowNewTrades | Turns new entries on or off while existing trades are still managed. |
| InpLotSize | Fixed lot size per order. This is the key risk setting. |
| InpMaxSpreadPips | Blocks new trades when the spread is too wide. Zero disables it. |
| InpMaxPositions | Limits open and pending orders, which caps grid exposure. |
| InpMagicNumber | Identifies the EA's orders when several EAs or charts run together. |
| InpFastMAPeriod / InpSlowMAPeriod | Moving averages used by the entry model. |
| InpEntryOffsetPips / InpEntryMode | Distance of the first pending order, and stop or limit style. |
| InpUseTrendFilter / InpTrendTimeframe / InpTrendMAPeriod | Higher-timeframe trend confirmation. Suggested: H4, period 250. |
Daily profit and loss limits can be set in money or percent, and a basket profit close option is available. The on-chart dashboard shows balance, equity, floating profit or loss, and today's, this month's and last month's results.
Grid-style position management can build up several open trades in one direction, and Gold can move quickly. Start with a small lot size, keep the position cap and daily loss limit in use, and confirm that your account has enough margin for the full grid.
Trading carries risk and you can lose part or all of your deposit. Past results, including those of any published signal account, do not predict future ones. Test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (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, fully automated |
| Main market | Gold / XAUUSD and broker-specific Gold symbols |
| Chart timeframe | M5 |
| Trend filter default | H4 with a 250-period moving average |
| Trade style | Pending orders, trend filter, progressive grid |
| Risk controls | Daily target and loss limit, basket close, spread filter |
| Requirements | Hedging-capable MT4 account, algo trading enabled |
No reviews yet. Customers who own Gold PMG EA can review it here.
It is an MT4 expert advisor and will not load in MetaTrader 5. If you use MT5, you need a version compiled for that platform.
The author recommends Gold (XAUUSD) on the M5 chart. Brokers name Gold differently, for example XAUUSD, XAUUSDm or GOLD, so attach the EA to your broker's Gold symbol and check its spread and contract size first.
Yes. The filter can be switched on or off, and its timeframe, moving-average period and method are inputs. The suggested default is H4 with a 250-period average. Change these only if you have tested the alternative.
There is no fixed requirement that applies to every broker. The author suggests around 500 USD with default settings and warns that much smaller balances make the behaviour more aggressive. Check your broker's margin, lot step and the lot size input before going live.
Yes. Run the Strategy Tester with your broker's data, then forward test on a demo account with a small lot size. Trading carries risk and past results, including any published signal, do not predict future ones.
It uses a magic number to identify its own orders, so you can run it next to other EAs if each one has a different magic number. Watch your total margin use when several systems trade the same account.
Gold PMG EA
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