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GoldCycle is an MT5 expert advisor for XAUUSD on the H1 chart. It places pending orders around the day's range, sizes stops from current volatility, and closes everything by the end of the New York session.
Get one message the moment it launches, with its price.
GoldCycle is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) on a daily cycle. It reads the early-day price range, places pending orders around it, and sets its protective levels from current volatility rather than fixed distances.
After a configurable start time, the expert gathers the day's high and low from the early European session. It then places pending entry orders just beyond that range, with an offset you can adjust. Each position carries a stop loss and take profit from the start, and the distances are calculated from a built-in volatility measure. In quiet markets the levels tighten, and in active markets they widen.
Lot size follows from the percentage risk you choose and the stop distance. A closer stop therefore means a larger lot for the same risk, so check what that means on your account.
The expert is built for XAUUSD on the H1 chart. The default timing assumes the broker server runs on GMT+2 with a daylight saving shift. If your broker uses another offset, the time inputs need to be moved to match, and it is worth confirming this on a demo account.
The inputs below are described in the product listing. Exact default values can differ between versions and set files, so check them in the input tab.
| Input | Purpose |
|---|---|
| Time when data starts | When the expert begins collecting the day's range |
| Cancel/close orders | Time at which pending and open orders are removed |
| Magic number | Separates its trades from other gold trades on the account |
| Stop loss | Set automatically; normally left alone |
| Trade comment | Optional comment on orders, can be disabled |
| Start risk | Percentage risk of the first trade |
| Recovery factor | Percentage increase in risk after a loss |
| Max risk | Upper limit on the loss of a single trade |
| Spread or range | Distance beyond the daily high and low for order placement |
| Use trailing stop | Optional; off by default |
| Use breakeven | Optional; off by default |
Risk is the setting that matters most. Higher start risk and the recovery option both raise the size of possible losses. Anyone using a prop firm account should check the firm's daily and overall drawdown rules before choosing a risk level, and should look for set files made for that purpose.
Trading carries risk, and you can lose part or all of your capital. Backtests and signal histories are not a forecast, and past results do not predict future ones. Test on a demo account first.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, gold day trading |
| Market | XAUUSD (gold) |
| Timeframe | H1 |
| Trade style | Daily pending orders, no overnight or weekend holding |
| Trades per day | Stated maximum of two |
| Money management | Percentage risk, lot size derived from stop distance |
| Account types | Hedging or netting; standard, ECN, cent and similar |
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It is designed for gold, XAUUSD, on the H1 chart. Some brokers name the symbol differently, for example with a suffix or as GOLD, so confirm the exact symbol name in your Market Watch before attaching the expert.
It is described as broker-independent and not especially sensitive to spread, but results and order placement can still differ between brokers. The default timing assumes a server clock of GMT+2 with daylight saving. If your broker uses a different offset, adjust the time inputs accordingly and test on a demo account first.
No. This product is an MT5 expert advisor and will not run on MetaTrader 4.
The listing says the defaults are meant to work as they are and that mainly the risk should be chosen. Review the start risk, recovery factor and max risk carefully, and check the time inputs against your broker's server time.
The recovery factor raises the risk after a losing trade, which increases potential losses as well. You can run with fixed risk and no increase instead. Whichever you choose, trading carries risk and past results do not predict future ones.
The listing mentions a small minimum deposit and a minimum lot of 0.01, but the right size depends on your risk percentage, your broker's gold contract specifications and the daily range of gold. Check these with your broker and test on a demo account before going live.
GoldCycle
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