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Golden Wings is an automated MetaTrader 4 expert advisor built for gold (XAUUSD) on the M5 chart. It uses price action patterns and standard indicators, a time filter, stop losses and a trailing stop.
Get one message the moment it launches, with its price.
Golden Wings is a fully automated expert advisor for MetaTrader 4 that trades gold against the US dollar (XAUUSD). It is intended for the M5 chart and combines price action patterns with standard technical indicators to decide when to enter and how to manage open trades.
Once attached to a chart, the expert advisor watches XAUUSD and looks for entry conditions built from price action and common indicator readings. It is described as self-adaptive, meaning its internal rules respond to changing market conditions rather than relying on one fixed setup. The exact logic is not published in detail, so treat it as a black box and judge it by testing, not by the description alone.
Risk handling is built around a stop loss on each trade and a trailing stop that follows a position once it moves in your favour. A time filter lets it trade during the sessions you choose and stay idle outside them, which is useful because gold spreads often widen around rollover and major news.
Sources describing this product do not agree on whether it ever stacks several positions in a grid-like way. Before using real money, run it on a demo account or in the strategy tester and observe how many orders it opens at once and how they are closed.
The exact input names and default values can differ between releases, so open the inputs tab after attaching the expert and read each parameter. The table below lists the areas worth checking, not specific values.
| Area | What to check |
|---|---|
| Lot size or risk mode | Start with the smallest size your broker allows and scale only after testing. |
| Time filter | Set trading hours in your broker's server time, not your local time. |
| Stop loss and trailing stop | Confirm they are enabled and how far they sit from price. |
| Slippage and spread limits | Look for maximum spread or slippage inputs and match them to your broker. |
| Magic number | Use a unique number if other expert advisors run on the same account. |
Trading gold with leverage carries a high level of risk, and you can lose some or all of your deposit. Backtests and published results are not a forecast, and past results do not predict future ones. Test on a demo account first and only trade money you can afford to lose.
Gold can move sharply on economic news, and spreads and slippage can differ a lot from those in a backtest. The developer suggests a minimum balance of around 200 USD, but you should confirm that your lot size and drawdown tolerance fit your own account.
For continuous operation, run the terminal on a low-latency VPS and check it periodically.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Gold or XAUUSD, Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automated) |
| Market | Gold, XAUUSD |
| Timeframe | M5 |
| Trade style | Intraday, short-term entries based on price action and indicators |
| Account type | ECN or low-spread account suggested |
| Minimum balance | Developer suggests about 200 USD; confirm with your broker's contract size |
| Hosting | VPS with low latency recommended |
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No. This listing is the MetaTrader 4 version and runs only in MT4. It will not load in MetaTrader 5, which uses a different file format.
Attach it to a gold chart, XAUUSD, on the M5 timeframe. It is not designed for other symbols. Some brokers add a suffix to the symbol name, so check how yours names gold and that quotes have two decimal places.
The developer recommends an ECN-style account with low spreads, because a short-term gold strategy is sensitive to spread, slippage and execution speed. Compare spreads and commission with your own broker before going live.
The developer mentions a minimum balance of about 200 USD, but the right amount depends on your broker, leverage, lot settings and how much drawdown you can accept. Test on a demo account first and size positions conservatively.
A VPS is recommended. The expert advisor needs MT4 to stay open and connected during trading hours, and a low-latency server near your broker helps keep execution consistent.
Descriptions of this product differ on how it handles multiple positions, so do not assume. Run it on a demo account or in the strategy tester and watch how many trades it opens, and how they are managed, before risking real funds.
Golden Wings
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