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Goldy Pirate is an MT5 expert advisor built for a single XAUUSD chart on M15. It offers an optional martingale mode with dynamic lot sizing, and stop-loss protection when martingale is switched off.
Get one message the moment it launches, with its price.
Goldy Pirate is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) on a single M15 chart. It can be run with a martingale-style position sizing scheme or with that scheme switched off and stop-loss protection used instead.
The EA opens and manages trades on its own once it is attached to a chart. You choose the symbol, apply it to the M15 timeframe and set a lot size that fits your account. With the martingale option enabled, the EA increases trade size according to its own rules after unfavourable moves, aiming to recover through a later reversal. With the option disabled, it relies on stop-loss levels to cap the loss on each position.
There is no need to open several charts or symbols. All logic is built around one gold chart, which keeps the setup simple and makes it easier to see what the EA is doing.
The full input list is shown in the EA properties after you attach it. Exact default values can differ, so read each input before trading. The table below describes the kinds of options you should look for.
| Option | What to check |
|---|---|
| Lot size | Match it to your balance and risk tolerance |
| Martingale on or off | Decides whether trade size is scaled up or stop-loss mode is used |
| Stop-loss | Confirm how it is applied, particularly with martingale off |
| Magic number | Keep it unique if other EAs run on the same account |
The developer suggests a balance of around 1,000 USD and leverage of 1:100 or higher for the martingale mode. Check current product details and your broker conditions before relying on these figures.
Martingale sizing can lead to large floating losses when price keeps moving against the open positions, and margin can run out quickly on gold. Use conservative lot sizes, watch open trades, and test on a demo account first with your own broker's spreads.
Trading carries risk and you can lose some or all of your capital. Past results, including any shown on the product page, do not predict future ones.
For continuous operation, keep the terminal running, ideally on a VPS with a stable connection.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (MT5) |
| Strategy focus | Gold or XAUUSD |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Market | Gold, XAUUSD |
| Timeframe | M15 |
| Trade style | Optional martingale grid, or fixed stop-loss mode |
| Charts needed | One chart only |
| Broker preference | Low spreads on gold; high leverage if martingale is used |
| Requirements | Algo trading enabled; terminal running continuously or on a VPS |
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It is an MT5 expert advisor and will not load on MetaTrader 4. You need an MT5 account that offers gold under the XAUUSD symbol or a close variant.
The EA is designed for a single chart of XAUUSD on M15. Attach it to that chart only. If your broker uses a suffix such as XAUUSDm, use that symbol on M15 and check that the trade inputs are working as expected.
The developer recommends a balance of around 1,000 USD and leverage of 1:100 or higher, mainly for the martingale mode. These are not guarantees of anything, so check the current product details and test on a demo account before using real funds.
Yes. The EA has a mode in which martingale is disabled and stop-loss protection is applied instead. Review the input list in the EA properties to find the relevant options, and test each mode separately on a demo account.
No. Trading carries risk, martingale methods can produce large drawdowns, and past results do not predict future ones. Only trade with money you can afford to lose.
Copy the EA file into the MQL5/Experts folder via File, Open Data Folder in MT5, then refresh the Navigator or restart the terminal. Drag it onto an XAUUSD M15 chart and allow algo trading.
Goldy Pirate MT5
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