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Gold Smiley Master is an MT5 expert advisor built for XAUUSD on the 15-minute chart. It uses fixed take profit, stop loss and trailing stop inputs, and the author suggests testing it on a demo account first.
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Gold Smiley Master is an automated expert advisor for MetaTrader 5 that is designed to trade gold against the US dollar (XAUUSD). It is intended for the 15-minute chart and manages its trades with fixed exit levels, a trailing stop and an optional partial close.
The EA opens and manages positions on its own once it is attached to a chart and algorithmic trading is enabled. Each trade is given a take profit and a stop loss, and a trailing stop takes over once the position has moved far enough in your favour. At that point the stop is shifted forward so that part of the move is protected. The store lists the product under gold, grid and volume tags. In practice you may see several positions open close together in the same direction. The author states that this is intended behaviour and not a duplicated order, but you should watch how it handles this on a demo account so you know what exposure to expect.
The author suggests the following starting inputs. Distances are given in points, so check how your broker quotes gold (number of digits) before relying on them. Confirm the exact input names in the EA's properties window after loading it.
| Input | Suggested value |
|---|---|
| Timeframe | M15 |
| Trailing | On |
| Take profit | 1000 |
| Stop loss | 800 |
| Trailing stop | 450 |
| Stop shift forward | 100 |
| Partial close | Off |
Lot size matters more than any other input. The author recommends keeping risk per trade low, in a range of roughly 0.4 to 0.8 percent when using your own money, and reviewing the lot size only at the start of each month. Do not treat this as personal advice. Work out what loss you can accept and check the minimum deposit and lot step with your own broker.
Gold can move fast and spreads can widen sharply around news. Stop losses are not a guarantee against slippage. If you plan to use the EA on a prop firm account, the allowed drawdown is usually small, so reduce the lot size and check whether the firm allows automated trading at all.
Trading carries risk, and you can lose more than you expect. Backtests are simulations, and past results do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
For continuous operation, many users run the terminal on a VPS so that a lost connection or a restart does not interrupt trade management.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Grid, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Market | Gold, XAUUSD |
| Suggested timeframe | M15 |
| Trade style | Automated entries; multiple positions can sit close together |
| Exit management | Take profit, stop loss, trailing stop, optional partial close |
| Suggested broker | Author reports live results on FP Markets and IC Markets only |
| Requirements | Algo trading enabled, a gold symbol on your account, stable connection or VPS |
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It is an expert advisor for MetaTrader 5. It will not load in MetaTrader 4, so make sure your broker offers an MT5 account before buying.
The author recommends the XAUUSD chart on the 15-minute timeframe. Gold symbol names differ between brokers (for example a suffix may be added), so open the chart for the gold symbol your broker provides.
It can be attached to any MT5 account, but the author says his live results come only from FP Markets and IC Markets. Candle behaviour and spreads differ between brokers, so results on other brokers may differ. Test on a demo account with your own broker first.
The author recommends choosing the lot size from a small percentage of your balance, adjusting it only at the start of a month and not during it. Exact lot or risk input names and values should be checked in the input panel of the EA. Position size is your decision and carries risk.
Prop firms usually set tight loss limits, so lot size needs particular care. Read your firm's rules on automated trading and drawdown, and test the settings on a demo account before using them on a challenge.
The author advises leaving it running. Be aware that gold can have wide spreads and slippage around major news, which can affect fills and stops. Decide for yourself after testing, and check how it behaves on your broker.
Gold Smiley Master
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