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GoldSpire is an MT5 expert advisor for gold (XAUUSD) that combines four entry approaches, higher-timeframe trend checks, trading sessions, basket management and configurable risk controls.
Get one message the moment it launches, with its price.
GoldSpire is an expert advisor for MetaTrader 5 designed mainly for gold, which most brokers quote as XAUUSD. It opens buy and sell positions automatically, using short-term entry signals that are checked against the direction of higher timeframes, and it manages open trades as a group.
The EA looks for entries on the M1 timeframe and compares them with the wider market trend. It uses four entry approaches that work together:
Additional checks look at spread, volatility, market compression, stretched prices, failed breakouts and opposing momentum. These filters can skip a signal when conditions look unsuitable.
When a trade moves against the position, the EA can add further positions with a size multiplier and spacing based on volatility. An optional structure filter can ask for confirmation before such an entry. Profit targets can be applied to single trades or to the whole basket, with trailing protection and allowance for commission and swap. Adding positions to a losing trade raises exposure, so size and margin need careful testing.
GoldSpire is built for gold. Symbol names and contract specifications differ between brokers, and the EA includes handling for this, as well as for standard and cent accounts. Use any other instrument only after your own testing. Attach it to an M1 chart; the internal timeframes are handled by the EA.
Three entry sessions can be switched on or off. The defaults are expressed in UTC, and the configuration lets you adjust for your broker's server time and daylight saving changes. An optional news filter can block new entries around selected calendar events. Open positions are still managed outside the entry sessions, and daily or Friday closing can be scheduled.
Check the Inputs tab for the full list and the current defaults. Key inputs include:
| Input | Purpose |
|---|---|
| LotSize | Fixed position size; small by default and to be matched to your capital |
| UseAutoLot | Switches to balance-based position sizing |
| RecoveryLotMultiplier | Controls how fast additional recovery positions grow |
| RecoveryStructureFilter | Optional confirmation for recovery entries |
| NewsFilter | Restricts entries around calendar events |
| EaRiskControls | Equity and margin protection thresholds that you should review one by one |
| PropFirmProtection | Optional limits aimed at prop firm rules |
| ShowDashboard | Displays account, position and statistics panel |
Trading gold with leverage carries a high level of risk, and recovery-style position sizing can enlarge losses. Past results, including backtests, do not predict future ones. Default settings are not a low-risk configuration. Test on a demo account and confirm margin needs and possible drawdown before using real funds.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Primary market | Gold, XAUUSD (symbol name varies by broker) |
| Timeframe | Attach to M1; entry signals use internal timeframes |
| Trade style | Trend, momentum and pullback entries with basket recovery |
| Direction | Buy and sell |
| Account type | Hedging preferred; netting needs exclusive symbol use |
| Requirements | Reliable broker, low gold spreads, VPS suggested |
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No. This product is written for MetaTrader 5 and cannot be loaded in MetaTrader 4. Check that your broker offers an MT5 account before buying.
Use your broker's gold symbol, usually XAUUSD, and attach the EA to an M1 chart. The trading signals come from internal timeframes, so the chart timeframe is mainly there for monitoring. Other instruments are not the design target and would need your own testing.
A hedging account is preferred. On a netting account the EA should be the only thing managing the gold symbol, because manual trades or other EAs on the same symbol can interfere with basket management.
There is no universal figure. It depends on your broker's contract size, leverage, the lot size you choose and how many recovery positions might open. Test on a demo account and check your free margin before going live.
Copy the downloaded files into the MQL5 folder of your MT5 data directory, put the expert file in the Experts folder, refresh the Navigator or restart the terminal, then drag it onto a gold chart and enable algorithmic trading.
The EA has an optional prop firm protection setting, but you must check the rules of your own firm, including limits on recovery or grid-style trading, and set the inputs to match them. Rules differ between firms.
GoldSpire MT5
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