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Gold Trap EA is an MT5 expert advisor built for XAUUSD. It opens a basket of positions, tracks the average entry price and closes the whole basket together at a combined profit target.
Get one message the moment it launches, with its price.
Gold Trap EA is a fully automated expert advisor for MetaTrader 5 that trades XAUUSD. Rather than treating each order on its own, it groups positions into a basket, follows the average entry price and closes everything together when the basket reaches its profit target.
When the built-in entry conditions are met, the EA opens a first buy or sell position. From then on, every related order belongs to the same basket, and the EA keeps track of the average entry price, total open volume, floating profit or loss and the combined take profit level.
If price moves against the first position, the EA can add further positions according to its spacing and lot progression inputs. Each added order moves the basket's average entry closer to the current price, so a smaller retracement is needed to reach the target. This is an averaging approach: exposure grows as the market moves against the basket, and that is the main source of risk.
Whenever a position is added, the break-even level and the shared take profit are recalculated. When the basket reaches its target, all positions are closed and the EA waits for the next valid setup before starting a new cycle.
The default inputs were prepared around one broker's trading conditions. Other brokers can differ in spread, swap, execution speed and contract specifications, so review the inputs before trading real money. The exact input names and values can vary, so read them in the EA's Inputs tab.
| Area | What to check |
|---|---|
| Initial lot size | Match it to your balance and the maximum drawdown you can accept |
| Recovery spacing | Distance between added orders, in points or pips |
| Lot progression | How quickly volume grows with each added order |
| Basket target | Profit level at which all positions close |
| News filter | Needs the WebRequest URL to be allowed in the terminal |
Basket and averaging systems can hold several open positions during a strong one-directional move, and floating losses can become large. Higher capital gives more room, but it does not remove the risk. Run the EA on a demo account first, and use the Strategy Tester with realistic spreads to see how it behaves.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests, do not predict future ones. Only trade with money you can afford to lose.
For continuous operation, consider hosting the terminal on a VPS so that the connection stays stable.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor, .ex5) |
| Strategy focus | Gold or XAUUSD |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Market | XAUUSD (gold) |
| Timeframe | M5 is the recommended chart |
| Trade style | Basket recovery with averaged entry and shared take profit |
| Account type | Hedging account recommended |
| Requirements | WebRequest URL allowed for the news filter; VPS advised |
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No. Gold Trap EA is an MT5 expert advisor and will not load in MetaTrader 4. You need MetaTrader 5 and, preferably, a hedging account.
It is designed for XAUUSD on the M5 chart. Some brokers add a suffix to the gold symbol, so check the exact name in your Market Watch and attach the EA to that chart.
The news filter reads economic calendar data. In MetaTrader 5, open Tools, then Options, then Expert Advisors, tick the WebRequest option and add https://www.mql5.com/en/economic-calendar to the list. Without this the news features may not work properly.
The default inputs were set up around one broker's conditions, so spreads, swaps, leverage and symbol rules on your broker may call for different settings. Because the EA adds recovery positions, account size matters. Test on a demo account first and check the recommended balance with the seller before going live.
It is not mandatory, but the EA works around the clock and an interrupted connection can leave a basket unmanaged. A VPS is the usual way to keep it running.
A hedging account is recommended because the EA manages several positions on the same symbol at once. A netting account merges positions and may not behave as intended.
Gold trap ea
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