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Goldplup is an MT5 expert advisor that trades Donchian channel breakouts, mainly on gold (XAUUSD). It offers two trading modes, spread and gap protection, and an optional martingale component that carries extra risk.
Get one message the moment it launches, with its price.
Goldplup is an expert advisor for MetaTrader 5 that trades breakouts of the Donchian channel. It is built mainly for gold (XAUUSD) and includes protections aimed at the wide spreads and price gaps that gold can show.
A Donchian channel marks the highest high and lowest low over a set number of bars. When price closes or moves beyond one of those boundaries, the EA treats it as a possible start of a directional move and opens a trade in that direction. The aim is to take part in a move that continues instead of reversing back into the range.
The EA offers two selectable modes. They use the same breakout core but differ in how much risk they take and how they behave as conditions change. You can pick one, switch between them, or combine them, depending on your own tolerance and testing.
The EA can add a martingale element intended for small-balance accounts. Martingale increases size after a losing trade, so a run of losses can cause a much larger drawdown than a fixed-size approach. Treat it as an advanced option and read every related input carefully before using it.
All controls are inside the EA inputs, and no external indicators are needed. Exact parameter names and defaults can differ, so open the inputs tab after attaching the EA and review each group before trading.
| Area | What to check |
|---|---|
| Strategy mode | Which of the two modes you want to run |
| Channel and entry | Donchian lookback and how a breakout is confirmed |
| Risk and lot size | Fixed or risk-based sizing, and whether martingale is on |
| Spread and gap filters | Maximum spread and gap limits relative to your broker |
| Time filters | Trading hours, if you want to avoid certain sessions |
The author does not supply broker-specific set files and does not offer support for creating them. Build your own settings and validate them yourself. The author suggests a deposit of around 200 USD and notes that cent accounts can be used, but confirm what suits your broker, leverage and risk limits.
Trading carries risk and you can lose part or all of your capital. Historical tests do not predict future results, and results on one broker may not be reproducible on another. Test on a demo account first.
The source code is not included with the purchase.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated trading, breakout |
| Main market | XAUUSD (gold); other symbols possible with testing |
| Suggested timeframes | M15 or H1 |
| Trade style | Donchian channel breakout, optional martingale |
| Built-in protection | Spread filter, gap protection, optional time filters |
| Requirements | Algo trading enabled; broker that offers gold on MT5 |
| Set files | No broker-specific set files; build and test your own |
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No. It is an MT5 expert advisor and cannot be loaded in MetaTrader 4. You need an MT5 account with a broker that offers gold.
The EA is tuned for XAUUSD and the author suggests the M15 or H1 chart. Your broker may name the symbol differently, such as XAUUSD.m or GOLD, so check the exact name in Market Watch. It can be attached to other symbols, but that needs your own testing.
The author does not provide broker-specific set files, because spreads, execution and account types differ too much. Plan to create, test and validate your own settings in the Strategy Tester and on a demo account before going live.
It has an optional martingale component aimed at small balances. Martingale increases position size after losing trades, which can make drawdowns deeper. Understand the lot and step inputs before enabling it, and consider leaving it off.
As a breakout system it depends on price moving out of a range. Sideways markets and low-volatility symbols are weak spots, so expect it to struggle in those conditions.
Run a backtest and a demo session first. The author suggests at least a week on demo, but a longer period covering different market conditions gives a better picture. Trading carries risk and past results do not predict future ones.
Goldplup
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