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Golden Hopper is an MT5 expert advisor that scalps gold (XAUUSD), designed for the 1-minute chart. It includes a daily equity protection feature that can stop trading after a set loss.
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Golden Hopper is an expert advisor for MetaTrader 5 that scalps the gold market. It is intended for XAUUSD on the 1-minute chart and includes an equity protection feature that can pause trading for the day after a loss limit is reached.
The EA is an automated short-term trading system. It opens and closes positions on its own, aiming for small moves rather than long holds. The exact entry and exit logic is not published, so treat it as a black box and judge it by testing rather than by its description. Because scalping depends on tight execution, results can differ noticeably between brokers.
The default inputs are reported to be set for EURUSD, because the MQL5 Market validates products on that pair. If you trade gold, review every input before going live.
The full input list is shown in the EA properties after you attach it to a chart. The equity protection inputs are described below.
| Input | Purpose |
|---|---|
| Equity Protector | Turns the daily equity protection on or off |
| Equity Protection Style | Chooses a percentage loss from balance or a fixed loss limit in account currency |
| Equity Protection Var | The value used by the chosen style, such as a percentage or an amount |
For example, with the Percent style and a value of 50, the EA stops for the day once the loss reaches half of the balance. With a fixed limit, you enter the amount of drawdown you will accept. Pick values that match your own risk tolerance, and remember that a stop can be hit before the EA closes positions at the level you expected, particularly during fast markets.
Trading leveraged products such as gold carries a high level of risk and you can lose more than you expect. Backtests and past results do not predict future ones. Test on a demo account first and never trade money you cannot afford to lose.
Scalping gold is sensitive to spread, slippage and news releases. Consider switching the EA off ahead of major announcements, and monitor it regularly.
A VPS is commonly used to keep an EA running without interruption, though it is not required to install it.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Scalping |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Main market | Gold, XAUUSD |
| Suggested timeframe | M1 (1 minute) |
| Trade style | Scalping |
| Suggested leverage | 1:100 or higher |
| Suggested balance | Around 1,000 USD or more; confirm for your account currency |
| Risk control | Daily equity protection (percent or fixed amount) |
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This listing is for MetaTrader 5. An MT4 edition is a separate product and will not load in MT5, so check that you are buying the right one for your terminal.
The developer designed it for XAUUSD on the 1-minute chart. Symbol names differ between brokers (for example a suffix such as XAUUSD.m), so attach it to the gold symbol your broker offers and confirm it is visible in Market Watch.
The defaults are reported to be set up for EURUSD, which is the symbol the MQL5 Market tests against. For gold you should review the inputs yourself, test them in the Strategy Tester and on a demo account, and ask the seller if you need recommended gold settings.
When switched on, you pick a style (percentage of balance or a fixed loss amount) and enter a value. If the loss reaches that level, the EA stops trading for the day and resumes the next day. It limits one kind of exposure but does not remove risk.
The developer notes that many of the larger drawdowns come from trading around high-impact news and suggests switching the EA off before such events. Spreads on gold can widen sharply at those times.
It needs a MetaTrader 5 account that offers gold with algorithmic trading allowed. Spread, execution speed and stop-level rules vary between brokers and affect a scalping system, so test on a demo account with your own broker first.
Golden Hopper
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