Available soon

Gold Precision EA

Gold Precision EA is an MT5 expert advisor for XAUUSD that runs on the 5-minute chart. It looks for a five-candle pattern confirmed by a price move within a time window, and sizes lots from your risk percentage.

Built for XAUUSD on the 5-minute chart in MetaTrader 5
Five-candle pattern entry with price-action filters
Lot size calculated from balance and a risk percentage
Adjustable stop loss, take profit, break-even and trailing stop
One open trade at a time with a short cooldown after each close

Type: Expert Advisor
Platform: MetaTrader 5
Strategy: Gold or XAUUSD, Scalping
Status: Launching soon

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Overview

Gold Precision EA is a fully automated expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD). It is designed for the five-minute chart and waits for a short candle pattern, backed by a minimum price move within a set time window, before it opens a position.

How it works

The entry logic combines a five-candle pattern with additional price-action filters. On top of that, price must travel a chosen number of pips within a chosen number of minutes. The idea is to confirm that there is real momentum behind a move rather than random noise. Both values are inputs, so you can make the filter stricter or looser.

Position handling

Only one trade is active at a time, which keeps exposure simple to follow.
A short cooldown after a trade closes stops the EA from re-entering immediately.
Stop loss and take profit can be set to suit the risk-to-reward ratio you prefer.
Break-even and trailing stop options can move protection as a trade develops.

Position sizing

Lot size is calculated from your account balance and a risk percentage, so the size of each trade scales with the account. Always check how the EA behaves on your broker's contract size and minimum lot before using real money.

Trade frequency

Entries are selective, and the number of trades per day will change with volatility, spread and the filters you choose. Use the Strategy Tester and a demo account to see what to expect on your own broker's data.

Markets and timeframes

The EA is meant for XAUUSD on the M5 chart. Brokers label gold in different ways, such as XAUUSD, GOLD or a version with a suffix, so attach it to the correct symbol in your Market Watch. Scalping is sensitive to spread, commission and execution speed, so an account with tight gold spreads and reliable fills is worth checking before you start.

Settings

The table below lists the main groups of inputs. Exact names and default values can differ, so open the Inputs tab and compare it with the product screenshots.

Input group	What it controls
Risk percentage	Share of the balance used to work out lot size
Price move and time window	Pips and minutes required to confirm direction
Stop loss and take profit	Distance of the exit levels for each trade
Break-even	When the stop is moved to the entry area
Trailing stop	How the stop follows price once in profit
Cooldown	Waiting time after a trade closes

Risk

Trading carries risk and you can lose some or all of your capital. Past results, including any tester results, do not predict future ones. Test on a demo account first and only risk money you can afford to lose.

If you plan to use the EA on a funded or prop firm account, read that firm's rules on automated trading, scalping and drawdown limits before you begin.

Installation

Download and extract the files from your order.
In MetaTrader 5, choose File, then Open Data Folder.
Copy the EA file into the MQL5/Experts folder.
Restart MT5 or refresh the Navigator panel.
Open an XAUUSD chart and set it to M5.
Drag the EA onto the chart and tick the option to allow algo trading.
Check the inputs, make sure the Algo Trading button is on, and run it on a demo account first.

Specifications

Product type	Expert Advisor
Platform	MetaTrader 5 (expert advisor)
Strategy focus	Gold or XAUUSD, Scalping, Trend
Delivery	Download from your account after purchase
License key	Not needed
Status	Launching soon
Category	Expert advisor, fully automated
Market	XAUUSD (gold against the US dollar)
Timeframe	M5 (5 minutes)
Trade style	Short-term scalping with trend confirmation
Position handling	One active trade at a time, cooldown after closing
Requirements	Algo trading enabled; broker offering gold on MT5

Reviews

No reviews yet. Customers who own Gold Precision EA can review it here.

Before you run it on a live account

Backtest it properly. Use real tick data and your broker's spread. How to backtest an EA
Load the right set file. Use the settings file for your symbol and timeframe, and check the digits and GMT offset against your broker. Set files in MT4 and MT5
Run it on a demo account. A few weeks of live demo trading shows how it handles real spreads and slippage.
Size it to your risk. Set the lot size from the amount you're prepared to lose per trade. Position size calculator
Know the worst case. Check how deep a losing streak could take the account. Risk of ruin calculator
Keep it running. An EA only trades while its terminal is open. Running an EA on a VPS
If it opens no trades, check the Algo Trading button, the EA's own permission and its filters before anything else. EA not trading checklist

Frequently asked questions

Does this work on MT4?

No. Gold Precision EA is built for MetaTrader 5 only. It will not load in MetaTrader 4, so make sure your broker account and terminal are MT5 before you buy.

Which symbol and timeframe should I use?

The EA is designed for XAUUSD on the 5-minute chart. Some brokers name gold differently, for example with a suffix or as GOLD, so attach the EA to your broker's gold symbol and keep the chart on M5.

How do I install it?

Extract the download, open the MT5 data folder from the File menu, and copy the EA file into MQL5/Experts. Refresh the Navigator or restart MT5, then drag the EA onto an XAUUSD M5 chart and enable algo trading.

Can I use it with a prop firm account?

That depends on the firm. Rules on automated trading, scalping, news periods and drawdown limits differ, so read your firm's terms and test the settings on a demo account first.

What settings should I use?

Risk percentage, stop loss, take profit, the pip and time confirmation, break-even and trailing stop are all adjustable. Exact input names and suggested values are not listed here, so check the product screenshots and the Inputs tab, and test in the Strategy Tester.

Is a profit guaranteed?

No. Trading carries risk, you can lose money, and past results do not predict future ones. Test on a demo account and only risk capital you can afford to lose.

Gold Precision EA

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