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Gold Trading EA is an MT4 expert advisor for XAUUSD that places pending orders at possible breakout levels for short-term intraday scalping. It can also be driven with buttons on the chart.
Get one message the moment it launches, with its price.
Gold Trading EA is an MT4 expert advisor aimed at short-term trading of gold against the US dollar. It looks for possible breakout levels near support and resistance and places pending orders there, rather than entering at market on every signal.
The EA is described as an intraday scalping system. It reads recent price action and decides both the entry level and the direction of the order, then places pending orders at levels where price may break out. Because it works with pending orders, results depend heavily on how gold behaves around those levels, and on spread and execution quality at your broker.
The EA also includes buttons on the chart so you can start trades from the chart itself. If the buy and sell buttons are not visible, the EA is busy processing and you should wait.
The primary market is XAUUSD. The product information suggests the M5 chart, and says the chart timeframe used for live running does not matter. It does matter that the terminal holds data for all timeframes, so open the History Center (F2) and make sure the history for gold is complete before you start.
An ECN-style account with variable spreads is the suggested type, and the reference minimum deposit is around 100 USD. Treat both as starting points and check them against your own broker.
Exact input names and defaults can vary, so open the Inputs tab after attaching the EA and read each field. The product information says that users with little experience with EAs can begin on the default settings with a small balance. One setting concerns a price zone that depends on spread type. A smaller zone is said to help on fixed-spread accounts, while a safer zone for variable-spread accounts is described as around 100 pips.
| Area | What to check |
|---|---|
| Zone or distance setting | Match it to fixed or variable spread on your account and to how your broker quotes gold points |
| Lot size or risk | Start small and confirm the contract size for gold at your broker |
| Symbol name | Use the exact gold symbol offered by your broker |
| Chart history | Download all timeframes in the History Center |
Trading leveraged products such as gold carries a high level of risk, and you can lose more than you expect in a short time. Past results, including backtests, do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
Scalping on gold is sensitive to spread, slippage and news events. Pending orders can fill at worse prices when the market moves quickly. Check your broker's stop level and typical spread before running the EA live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Strategy focus | Gold or XAUUSD, Scalping, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Main market | Gold, XAUUSD |
| Suggested timeframe | M5; the live chart timeframe is said not to matter |
| Trade style | Scalping with pending breakout orders near support and resistance |
| Account type | ECN-style account suggested; check your broker's conditions |
| Reference minimum deposit | About 100 USD suggested; confirm with your broker |
| Requirements | Algo trading enabled; full history data in the History Center |
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No. This listing is an MT4 expert advisor and it will not load on MetaTrader 5. If you use MT5, look for a product that is listed for that platform.
The product information points to XAUUSD on the M5 chart. It also says the chart timeframe used for live running does not matter, provided the terminal has data for all timeframes in the History Center (F2). Check that your broker's gold symbol name matches what the EA expects, since some brokers add suffixes.
No. Load only one copy per symbol. Loading it twice on the same chart symbol can cause conflicting orders. You can run it on several different symbols at the same time, and a different magic number for each is not required according to the usage notes.
An ECN-style account with tight, variable spreads is suggested, and the reference minimum deposit is about 100 USD. These are starting points only. Check your broker's gold spreads, stop levels and contract size, and size positions to money you can afford to lose.
It is advisable. The EA works best when the terminal stays connected during market hours and is not unloaded mid-process. A VPS or a computer that stays on from Monday to Friday does this.
Extract the download, copy the .ex4 file into the MQL4/Experts folder through File > Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Drag the EA onto an XAUUSD chart and make sure Algo Trading is switched on.
Gold Trading EA
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