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GoldenHour is an MT5 expert advisor for gold (XAUUSD) that opens one position at a time and trades short-term setups in Asian and London sessions. It does not use grid, martingale or hedging.
Get one message the moment it launches, with its price.
GoldenHour is an automated scalping expert advisor for MetaTrader 5, built around gold (XAUUSD). It keeps a single position open at a time and aims at a small number of short-term trades per day rather than constant activity.
The EA looks for entries during defined parts of the trading day and manages each trade with fixed stop loss and take profit levels. According to the developer, it combines multi-timeframe analysis, momentum readings, RSI divergence confirmation and a price action check before it opens a position. Trades are usually held for a short time, from tens of minutes up to under an hour.
It does not stack positions, average down, run a grid or hedge. If a trade goes against it, the stop is the exit, not a larger follow-up trade.
The EA is meant for XAUUSD only. Because it reads several timeframes internally, the chart you attach it to matters less than getting the symbol and the time settings right. Confirm the recommended chart in the manual that comes with the download. Gold spreads and trading hours differ between brokers, so check your broker's symbol specification before you start.
Exact input names and default values can differ between releases, so open the input tab and read the manual rather than relying on this summary. The areas you can expect to adjust are:
| Area | What it controls |
|---|---|
| Trading mode | Asia breakout, London reversal or combined sessions |
| Time configuration | Automatic GMT sync or a manual GMT offset, plus a session end time |
| Position sizing | Lot size derived from the balance, with a cap on maximum size |
| Stops and targets | Fixed stop loss and take profit, trailing stop activation |
| Execution filters | Spread monitoring and slippage protection |
Getting the GMT offset right is important for any session-based EA. If your broker's server time shifts with daylight saving, check that the setting still lines up after the clocks change.
Gold is volatile and can move sharply around news releases. A single-position approach with fixed stops limits exposure per trade, but it does not remove the chance of losses, slippage or gaps. Test on a demo account, start with a small lot size and check how your broker handles spreads at the session times the EA uses.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests and any figures shown elsewhere, do not predict future ones.
Use a hedging-type account if the manual asks for it, and consider a VPS so the terminal stays online during the sessions you trade.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Signals, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Market | Gold (XAUUSD) |
| Timeframes | Uses multi-timeframe logic; check the manual for the chart to attach |
| Trade style | Short-term scalping, single position |
| Typical activity | Roughly 2-3 trades a day, short holding times |
| Account type | Low-spread ECN/STP account with fast execution |
| Other requirements | Stable connection; a VPS is recommended but optional |
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No. It is an MT5 expert advisor and will not run on MetaTrader 4. You need a MetaTrader 5 terminal and an account that offers XAUUSD.
It is designed for gold, so attach it to XAUUSD. Some brokers add suffixes such as .m or # to the symbol name, which is fine as long as it is the gold contract. Check the included manual for the recommended chart timeframe, because the EA analyses several timeframes internally.
A low-spread ECN or STP account with fast execution and a stable price feed is the usual fit for short-term gold trading. Wide spreads, requotes and slow fills can change how a scalping system behaves, so test on a demo account with your broker first.
A VPS is not required but is useful, because the EA needs the terminal to stay open and connected during the trading sessions you select. A home computer that sleeps or loses connection will miss trades or may not manage open ones.
Copy the downloaded files into the MQL5 folder through File, Open Data Folder in MetaTrader 5, placing the expert in the Experts directory. Restart the terminal or refresh the Navigator, drag the EA onto an XAUUSD chart and enable Algo Trading. Review the inputs before running it live.
Backtests help you check the settings and the logic, but they depend on data quality, spread and execution assumptions. Trading carries risk and past results do not predict future ones, so forward test on a demo account before using real funds.
GoldenHour
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