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GoldenShot is an MT5 expert advisor for gold (XAUUSD). It opens one position at a time with a stop loss, uses a news filter, and trades only when its entry conditions are met, so it may sit idle for days.
Get one message the moment it launches, with its price.
GoldenShot is an expert advisor for MetaTrader 5 that trades gold (XAUUSD). It works with a single open position at a time, places a stop loss on every trade, and waits for its own entry conditions instead of trading on a fixed schedule.
The EA is built around the idea of one trade, one stop and one target. It looks at market structure, including momentum, volatility and candle behaviour, and opens a position at market only when a setup qualifies. According to the developer, it does not leave pending orders at widely watched support and resistance levels. The aim is to avoid the crowded fills and stop hunts that can happen when many systems rest orders at the same price.
Once a trade is open, it is managed rather than left alone. The strategies each use their own stop distance, target and trailing behaviour, and a trade that is clearly failing may be closed before the full stop is reached. Confirm in the tester how these exits behave on your broker feed.
GoldenShot is selective. It avoids choppy or unclear conditions, so there may be days or weeks with no new trades. This is part of the design, not a fault. Anyone who wants constant activity should look at a different type of system.
Gold can move sharply around events such as CPI, NFP and FOMC, and spreads often widen at those times. The EA uses fixed trading windows and a news filter that stays out of the market around high-impact USD events and on US bank holidays. The filter relies on calendar data, so check that your terminal allows the data access it needs.
Exact defaults can differ, so open the input tab after attaching the EA and read each option. The table lists the areas worth checking.
| Area | What to check |
|---|---|
| Lot size or risk | Match it to your balance and the loss you can accept on a single stop |
| Strategy switches | Which strategies are enabled and how each one sets its stop and target |
| News filter | Whether it is on, and how wide the window is on each side of an event |
| Trading hours | Compare them with your broker's server time |
| Symbol | Use the exact gold symbol name from your broker |
Trading carries risk, and you can lose money. Past results, including back-tests and live signals, do not predict future ones. Spreads, slippage and execution on gold vary by broker, so test on a demo account first and never risk money you cannot afford to lose.
For continuous operation, many users run the EA on a VPS close to their broker's server. Start on a demo account, compare the behaviour with your expectations, and move to a live account only if you are comfortable with the risk.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor, .ex5) |
| Strategy focus | Gold or XAUUSD, Signals, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Main market | Gold, XAUUSD |
| Trade style | Single position, market entries, stop loss on every trade |
| Strategy themes | Gold, signals, support and resistance |
| Timeframes | Check the settings and manual for the intended chart timeframe |
| Filters | Trading windows and a news filter for high-impact USD events |
| Requirements | MT5 terminal, a gold symbol, and a VPS for continuous running |
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No. This is an MT5 expert advisor and will not load in MetaTrader 4. You need a MetaTrader 5 terminal and an account that offers a gold symbol such as XAUUSD.
Open MT5, choose File, then Open Data Folder, go to MQL5 and then Experts, and copy the expert file there. Restart the terminal or refresh the Navigator, drag the EA onto a gold chart, and enable Algo Trading. Check the Experts tab for any error messages.
Use a broker with a gold symbol, usually named XAUUSD, though some brokers add a suffix. Spread, execution speed and server time differ between brokers, so test on a demo account with your broker before using real money.
The EA is designed to be selective. It skips unclear or choppy conditions and stays out around high-impact news, so quiet periods are normal. If you expect a trade on every large candle, it is probably not a good fit.
Back-tests are useful for checking behaviour, but they depend on tick data quality, spread and slippage assumptions, and the period tested. Trading carries risk, and past results do not predict future ones. Run your own tests and start with a demo account.
Read the input list and the manual first. Lot size and risk should match your account size and risk tolerance. Check the settings page for the recommended defaults rather than guessing values.
GoldenShot
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