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Gold Veritas is an automated MT5 expert advisor for gold symbols. It trades short-lived positions during quiet market hours and offers fixed or balance-based lot sizing, with built-in parameters for four gold pairs.
Get one message the moment it launches, with its price.
Gold Veritas is a fully automated expert advisor for MetaTrader 5 that focuses on gold. It opens short-duration trades during quieter parts of the trading day and manages each position with a stop-loss, a take-profit and a time limit.
The expert looks for entries during low-activity hours and filters them with a volatility check that is tuned separately for each supported symbol. It can place pending orders instead of market orders, which can reduce slippage when spreads or execution speed vary. Positions are meant to be closed within roughly three to five hours, so the expert does not hold trades for days.
It does not use martingale, averaging or similar recovery methods. It does not include a news filter, so you may want to check the economic calendar yourself and decide whether to pause it around major releases. Trades follow FIFO rules, which matters on some account types.
Parameters for four gold symbols are built into the code:
Not every broker lists all four. Open Market Watch, confirm the exact symbol names, and attach the expert only to symbols your broker provides. The recommended chart timeframe is not given here, so check the input defaults and run a test in the Strategy Tester before using it live.
The expert has a short list of inputs, which keeps optimisation simple. The main ones are:
| Input | Purpose |
|---|---|
| Magic | Identifier for the expert's trades. Use a number not used by other experts. |
| Comment | Text added to each order so you can recognise it in history. |
| GMT | Your broker's server time offset in winter. |
| DST | Daylight saving mode used by your broker. |
| Lot type | Fixed lot or automatic lot based on balance. |
| Lot | The fixed volume, or the base volume for automatic sizing. |
| Balance step | With automatic lots, the balance amount at which the lot increases. |
| Trade direction | Buy only, sell only, or both. |
The GMT and DST values are the most common source of mistakes, because they control when the expert considers the market quiet. Verify them against your broker's server time.
Gold spreads and execution delay have a large effect on short-term strategies. An ECN or RAW account and a VPS with low ping are generally preferred. Check with the seller or in testing what balance suits the lot size you plan to use.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests, do not predict future ones. Test on a demo account first and only use money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Fully automated expert advisor |
| Markets | XAUUSD, XAUJPY, XAUAUD, XAUEUR, if your broker offers them |
| Trade style | Short-term trades in quiet hours, closed within about 3 to 5 hours |
| Risk controls | Stop-loss, take-profit, trade lifetime limit, volatility filter |
| Lot sizing | Fixed lot or automatic lot based on balance |
| Timeframes | Not stated; check the chart setup and test it in the Strategy Tester |
| Requirements | ECN or RAW account and a low-latency VPS are preferred |
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No. This listing is the MetaTrader 5 build and only runs on MT5. It cannot be loaded into MetaTrader 4.
Parameters for XAUUSD, XAUJPY, XAUAUD and XAUEUR are built in. Not every broker offers all four, so check your Market Watch list and the exact symbol names, including any suffix, before you attach the expert.
No. The expert does not average into losing positions or increase size after a loss. Each trade has its own stop-loss and take-profit and is also limited in time. Trading still carries risk, and past results do not predict future ones.
Enter your broker's server time offset in winter, then set the DST option to match how your broker handles daylight saving. If you are unsure, ask your broker for the server time zone and compare it with the time shown in Market Watch. Wrong values can shift the trading hours the expert uses.
Short-term gold trading is sensitive to spreads and execution delay, so an ECN or RAW account with low spreads and a low-latency VPS is the usual choice. Test on a demo account with your broker first.
Yes, you can attach it to more than one supported symbol. Use a magic number that does not clash with other experts on the account, and check that your account balance and margin can cover the combined lot sizes.
Gold Veritas MT5
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