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Logan MT5 is an expert advisor for XAUUSD on the M15 chart. It waits for a multi-filter trend setup and can add grid orders spaced by ATR if price moves against the first trade. It includes a daily drawdown limit.
Get one message the moment it launches, with its price.
Logan MT5 is an expert advisor for MetaTrader 5 that trades gold (XAUUSD) on the M15 chart. It combines a strict entry filter with a recovery grid, and it adds a daily drawdown limit and several execution filters.
The EA does not open a position on a single signal. Before the first trade of a sequence it checks several conditions at once:
A trade is opened only when all of these agree.
If price moves against the first position, the EA can add further orders. The distance between them follows the current Average True Range, so spacing widens in volatile conditions and tightens in quiet ones. Lot sizes progress as the grid deepens. When the combined basket reaches its profit target, all open positions are closed together.
The EA is designed for XAUUSD on M15. Using it on other symbols or timeframes is not what it was built for, and the filters are not tuned for them.
Exact defaults can differ between releases, so open the input dialog and read each parameter before you run it live. The main groups are:
| Group | What it controls |
|---|---|
| Lot sizing | Fixed lot size, or automatic sizing based on account balance |
| Daily drawdown limit | Percentage of realised plus floating loss at which new trades stop for the day, with an optional close-all action |
| Broker type | Profile matched to your broker, for example switching from Default to Exness |
| Spread protection | Maximum spread allowed before trading |
| Session filter | Hours during which the EA may operate |
| News filter | Requires WebRequest to be allowed for its data source |
Any grid system can accumulate several open positions during a persistent move against it, which raises margin use and floating loss. Choose lot sizes and the drawdown limit with that in mind, and check margin and leverage requirements with your broker. Cent accounts are best avoided, and a raw or ECN account is preferred.
Trading carries risk, and past results, including backtests and signal histories, do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
Run it in the strategy tester and on a demo account first to confirm your broker is compatible. A VPS is useful if you want the EA to run without interruption.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Market | Gold (XAUUSD) |
| Timeframe | M15 |
| Trade style | Trend-filtered entries with an ATR-spaced recovery grid |
| Account type | Hedging or netting; raw or ECN spread preferred; not for cent accounts |
| Lot sizing | Fixed lot or automatic by account balance |
| Recommended extras | VPS for continuous operation; demo test first |
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Attach it to an XAUUSD chart on the M15 timeframe. Some brokers add a suffix to the gold symbol, so use whichever gold symbol your broker provides and confirm it behaves like standard XAUUSD.
No. This version is written for MetaTrader 5 only. It will not load in MetaTrader 4, so check that your broker offers an MT5 account before buying.
A raw or ECN spread account is preferred because the EA checks the spread before trading. Cent accounts are best avoided. Test on a demo account and in the strategy tester first to see whether your broker's execution and symbol setup are compatible.
In MetaTrader 5, open Tools, then Options, then Expert Advisors. Tick the option to allow WebRequest for listed URLs and add https://nfs.faireconomy.media to the list. Without this the news filter cannot fetch its data.
The amount depends on your lot size, leverage and how far you allow the grid to extend. Check the minimum and recommended balance on the product page, and remember that a grid can use a lot of margin when several orders are open.
It is not mandatory, but the EA needs the terminal open and connected to trade. A VPS helps avoid interruptions from power or internet problems.
Logan MT5
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