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GoldMatic EA is an MT5 expert advisor that trades gold (XAUUSD) automatically, with inputs for lot size, spread limit, trading hours, trade direction and loss limits. It is designed for the H1 and H2 timeframes.
Get one message the moment it launches, with its price.
GoldMatic EA is an automated expert advisor for MetaTrader 5 that focuses on a single market: gold against the US dollar, XAUUSD. It analyses the chart, opens trades and decides when to close them without manual input, and it adds a set of optional inputs for controlling exposure.
The EA monitors the market on a live basis and adjusts its decisions to current conditions and to the size of the account. The author does not publish the exact entry rules, so treat the logic as a black box and judge it by your own testing. The product carries a support and resistance tag, which suggests price-level analysis, but you should confirm the behaviour on a demo chart rather than assume it.
A point to understand clearly: the EA is described as working without a traditional fixed stop loss or take profit on each trade. Positions are closed by its internal logic. This means a losing position can stay open for some time, so the loss-limiting inputs below deserve careful attention.
The inputs let you shape how the EA behaves. The list below summarises the options the author describes. Names and defaults may differ slightly in the input tab, so check them after loading the EA.
| Option | Purpose |
|---|---|
| Fixed lot size | Use a constant volume instead of automatic sizing |
| Minimum profit | Sets a profit threshold before trades are closed |
| Max spread | Skips trading when the spread is too wide |
| Trade direction | Buy only, sell only or both |
| Max open trades | Caps the number of simultaneous positions |
| Trading hours | Separate hours for each day from Monday to Friday |
| Friday stop hour | No new positions after a chosen time on Fridays |
| Trailing stop loss | Moves the stop as a trade goes into profit |
| Hard stop (percent or account currency) | Closes positions when a set loss level is reached |
| Maximum trade delay | Adds a random delay in seconds before opening a trade |
| Magic number and comment | Help identify and track the EA's trades |
This option keeps trades open longer in the hope of a better exit. The author notes that it raises exposure to price swings and drawdown, so only enable it if you understand and accept that extra risk.
Gold can move fast, and spreads often widen around news. Because the EA does not rely on a fixed stop on every trade by default, consider setting a hard stop, a maximum number of open trades and a maximum spread before you go live. Start with a small lot size and check the minimum deposit that suits your broker and leverage.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests and reviews, do not predict future ones. Test on a demo account first.
For continuous operation, a VPS is a sensible choice, since the EA only works while the terminal is running and connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Gold or XAUUSD, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Market | Gold, XAUUSD |
| Timeframes | H1 and H2 (as recommended by the author) |
| Trade style | Automated; closes positions through internal logic rather than a fixed stop loss or take profit |
| Order execution | IOC, FOK and Return modes supported |
| Strategy tags | Gold, support and resistance |
| Requirements | Algo trading enabled; broker offering XAUUSD on MT5; VPS suggested for continuous running |
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No. This product is written for MetaTrader 5 and will not run on MetaTrader 4. You need an MT5 account with a broker that offers gold.
Attach it to an XAUUSD chart. The author optimised it for H1 and H2, so start there. Broker symbol names can differ, for example with a suffix, so check that your broker's gold symbol is available and behaves normally.
Yes. Run it on a demo account first, and use the Strategy Tester if you want to see how it behaves with your broker's spreads and execution mode. Test results do not predict live results, because trading carries risk.
By default it is described as closing trades through its own internal logic instead of a fixed stop loss or take profit. Optional protections exist, including a trailing stop, a hard stop by balance percentage and a hard stop in account currency. Review how these are set before trading live.
Yes. The inputs include a maximum number of open trades, a maximum spread, individual trading hours for each weekday, a Friday stop hour and a trade direction mode. Check the exact input names and defaults in the EA's input tab after installing.
Copy the EA into the MQL5/Experts folder through File, Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Drag it onto an XAUUSD chart and make sure Algo Trading is enabled.
GoldMatic EA
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