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Golden Tiger EA is an MT5 expert advisor for gold (XAUUSD). It reads the previous day's high and low and places pending stop orders beyond them, with stop loss, take profit and optional trailing.
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Golden Tiger EA is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) using a daily range breakout. It looks at the previous day's high and low, places pending orders outside that range and manages each position with a stop loss, a take profit and an optional trailing stop.
At the start of each trading day the EA measures the prior day's high and low. It then places a buy stop order above the high and a sell stop order below the low. If price pushes through one of those levels, the matching order is triggered and the trade is managed by the risk settings you have chosen. The idea is to take part in a directional move once the previous day's range has been broken, rather than predicting where price will turn.
Gold sometimes opens a new session well outside the previous range. In that case the pending orders may no longer make sense, so the EA can open a trade at market instead. This behaviour can be switched off. On accounts where spreads widen sharply at the open, such as some prop firm accounts, you may prefer to disable it.
The EA works in one direction at a time and is not designed to average into losing positions. A control panel on the chart shows the current state and offers buttons for manual actions.
The product is built for XAUUSD. Since signals come from daily levels, it can be attached to any chart timeframe. The author suggests other instruments might suit it only if they show strong daily momentum, and advises against quiet or choppy markets. Treat any other symbol as an experiment and test it thoroughly first.
The exact input names and defaults can differ between releases, so open the input tab after attaching the EA and read each field. The groups below are the ones to look for.
| Group | What to check |
|---|---|
| Lot sizing | Fixed lot or percentage risk, and the value used |
| Stop loss and take profit | Distances, and whether they suit your broker's gold contract size |
| Trailing stop | Whether it is enabled, plus its start and step distances |
| Gap trading | Whether market orders at a gapped open are allowed |
| Order identification | Magic number, if you run several EAs on one account |
The author recommends a hedging account with raw or ECN spreads, leverage of at least 1:30 and a starting balance of around 200 USD. Confirm the minimum lot and margin rules with your own broker, since contract specifications for gold vary. A VPS with a stable, low-latency connection is advisable so the terminal keeps running.
Trading leveraged products such as gold carries a high level of risk, and you can lose more than you expect. Past results, including any backtest, do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account type) |
| Strategy focus | Gold or XAUUSD, Grid, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Main market | XAUUSD (gold) |
| Timeframes | Works on any chart timeframe; logic is based on daily levels |
| Trade style | Daily range breakout with pending stop orders |
| Position sizing | Percentage risk or fixed lot |
| Suggested account | Raw/ECN spreads, leverage of at least 1:30, about 200 USD minimum |
| Hosting | VPS with low latency recommended for continuous running |
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No. This product is built for MetaTrader 5. It needs an MT5 terminal and an account that supports hedging, so it will not load in MetaTrader 4.
The EA is designed for XAUUSD. Because it works from the previous day's high and low, the chart timeframe is not the main driver, so you can attach it to any timeframe. Check that your broker's gold symbol name matches what the EA expects and adjust the symbol settings if it does not.
The author says other instruments with strong daily momentum may be tested, but low-volatility or choppy markets are not suited to this approach. Test on a demo account before going live. On prop firm accounts, spreads at the market open can be unpredictable, so consider turning off the gap-opening trade option and read your firm's rules on automated trading first.
A hedging account with raw or ECN-style spreads is recommended, along with leverage of at least 1:30. Breakout orders are sensitive to spread and slippage, so compare your broker's gold execution before committing real funds.
It is described as trading one direction at a time with a stop loss and take profit on each trade, and without recovery methods such as martingale. You should still confirm this in the strategy tester and on a demo account, and check the lot size and risk inputs before use.
A VPS is recommended so the terminal stays online and pending orders are managed without interruption. A low-latency connection is preferable for a breakout system.
Golden Tiger EA
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