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Golden Monarch EA is an MT5 expert advisor built for gold (XAUUSD) on the M5 chart. It offers optional scalping and Asian session modes, fixed or equity-scaled lot sizing, and breakeven and trailing stop options.
Get one message the moment it launches, with its price.
Golden Monarch EA is an automated trading program for MetaTrader 5 that focuses on a single market: gold quoted as XAUUSD. It is meant to run on the M5 chart and needs little configuration, with a short list of inputs for lot size, scalping, Asian session trading and trade protection.
The EA opens and manages gold positions on its own once it is attached to a chart. The developer describes it as using precision entries, adaptive trade logic and risk controls. The default behaviour uses a grid-style approach, and the exact entry rules are not published in detail, so treat it as a black box and judge it by testing rather than by its description.
The EA is built for XAUUSD on M5 only. It expects a gold quote with two decimal places, so brokers that quote gold with a different digit count may need testing first. Do not expect sensible behaviour on other symbols or timeframes.
The input names below are described in general terms. Check the labels in the Inputs tab of your copy, because wording can differ.
| Setting | Purpose |
|---|---|
| Fixed lot | On by default, trades a constant lot size. When switched off, lot size scales with account equity. |
| Include scalping | Adds the scalping engine and lowers the grid level to 2. |
| Include Asian session | Allows trades during the Asian session. |
| Breakeven | Moves protection to the entry price once a trade is in profit. |
| Trailing stop | Follows price to protect open profit. A value of zero turns it off. |
Turning off breakeven and setting the trailing stop to zero changes how trades are closed and may lead to larger drawdowns. Change these only after testing.
The developer states a minimum deposit of 500 USD with 1:500 leverage and recommends 1,000 USD or more. The minimum leverage given is 1:100. Confirm contract size, spread, stop levels and leverage with your own broker, as these affect how any gold EA behaves.
Trading carries risk, and gold can move sharply. Past or backtested results do not predict future ones. Test on a demo account, use a lot size you can afford, and never risk money you cannot lose.
Run a Strategy Tester check and a period on demo before using real funds, especially if you plan to enable scalping.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, expert advisor |
| Symbol | XAUUSD (gold) with a 2-decimal price quote |
| Timeframe | M5 |
| Trade style | Grid-based entries with an optional scalping mode |
| Stated minimum deposit | 500 USD at 1:500 leverage; 1,000 USD recommended |
| Leverage | Minimum 1:100, 1:500 suggested by the developer |
| Lot sizing | Fixed lot (default) or scaled by account equity |
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The EA is designed for XAUUSD on the M5 timeframe. Your broker should quote gold with two decimal places. If your broker uses a suffix such as XAUUSD.m or a different digit count, test on a demo account first and confirm the EA recognises the symbol.
No. This version is built for MetaTrader 5 only. It will not load in MetaTrader 4, so check your platform before buying.
The developer states a minimum deposit of 500 USD with 1:500 leverage and recommends 1,000 USD or more. Minimum leverage is given as 1:100. Requirements can differ by broker and contract specification, so confirm them on a demo account.
Open the EA's Inputs tab when you attach it and enable the scalping and Asian session options. Scalping can increase trade frequency and drawdown, and it reduces the grid level to 2, so backtest it before using it on a live account.
No. Trading gold with an automated system carries risk, and you can lose money. Past or backtested results do not predict future ones, so start on a demo account and size positions to a loss you can accept.
Copy the EA file into the Experts folder via File > Open Data Folder > MQL5 > Experts, refresh the Navigator or restart MetaTrader 5, then drag it onto an XAUUSD M5 chart. Make sure Algo Trading is enabled.
Golden Monarch EA
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