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Incredible Gold is a fully automated MT5 expert advisor built only for XAUUSD. It looks for reversal zones with momentum confirmation, manages open trades with a trailing stop and can close positions at the end of the trading window.
Get one message the moment it launches, with its price.
Incredible Gold is an expert advisor for MetaTrader 5 that trades one instrument only: gold quoted as XAUUSD. It aims to scalp short trend moves by pairing reversal zones with momentum and volatility checks, then handles each position with a trailing stop and an optional end-of-day exit.
The EA scans price for areas where a move may turn, and it only acts when momentum readings agree with the idea. Because gold can swing sharply within minutes, the entry logic also takes volatility into account instead of reacting to every small fluctuation.
Use it on XAUUSD only. The logic is not tied to a particular chart period, so you can attach it to any timeframe, although you should test the chart you intend to use. Gold spreads can widen around news and at rollover, so a spread filter is built in.
The inputs are short and easy to follow. Review every value in the inputs tab after loading the EA, since defaults can differ between builds and brokers.
| Input | Purpose |
|---|---|
| Max Spread | Highest spread in points at which the EA may open a trade. It must be above your broker's average gold spread. |
| Fixed Lot | Manual lot size. At 0 the EA switches to automatic sizing. |
| Auto Lot | Risk scaling factor used when Fixed Lot is 0. A value of 1 corresponds to about 0.01 lots per 1,000 of balance. |
| Take Profit | Target distance in points. Check the default shown in the inputs tab. |
| Trailing and Start Trailing | Trailing step and the profit distance in points at which trailing begins. |
| Max Trades | Upper limit on simultaneous positions. |
| Time Start and Time End | Trading window, in server time. |
| Close at Time End | Closes open trades when the window ends. |
| Magic Number | Identifier so the EA can tell its trades from others. |
If your broker quotes gold with three decimals, multiply Max Spread, Take Profit and the trailing inputs by ten so the price distances stay the same.
A raw spread or ECN account with a low gold spread suits this style best, and a hedging account type is preferred. A starting balance of around 500 USD is suggested, but confirm contract size and margin with your broker. A low-latency VPS is advisable.
Trading gold with leverage carries a high level of risk and you can lose more than you expect. Past results, including any backtests, do not predict future ones. Test on a demo account first and size positions to an amount you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Trend, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Fully automated expert advisor |
| Market | Gold, XAUUSD |
| Timeframes | Any; the logic is not tied to one chart period |
| Trade style | Trend scalping with reversal zones and momentum |
| Account type | Hedging account preferred; ECN or raw spread |
| Suggested minimum balance | Around 500 USD; confirm with your broker's contract size |
| Hosting | VPS with low latency recommended |
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It is designed for gold only, quoted as XAUUSD. Do not attach it to other symbols. Check that your broker's gold symbol matches the pricing format the EA expects, either 2 or 3 decimal places.
No. This product is an MT5 expert advisor and will not run on MetaTrader 4. You need an MT5 terminal and an account that offers XAUUSD.
The point-based inputs are tuned for 2-digit gold prices. With 3 decimals a point is ten times smaller, so Max Spread, Take Profit, Trailing and Start Trailing need to be multiplied by ten to keep the same price distances. Check each value after changing it.
An ECN or raw spread account with a tight gold spread is the better fit, and a hedging account type is preferred. Set Max Spread above your broker's normal average spread, otherwise the EA will skip most signals.
It is not mandatory, but a scalping system benefits from a stable connection and low latency to the broker server. A VPS keeps the terminal running during the trading window.
Yes. Enter a Fixed Lot above zero to trade that size. Leave Fixed Lot at zero and the EA uses the Auto Lot value to scale volume with your account balance.
Incredible Gold
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