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MercatorEA is an MT5 expert advisor built for gold (XAUUSD). It is attached to a D1 chart, looks for trend and breakout setups, and places single trades with a fixed stop loss and take profit.
Get one message the moment it launches, with its price.
MercatorEA is an expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD). It reads the market on the daily chart, then drops to a shorter timeframe to time entries, and it manages each trade on its own with a fixed stop loss and take profit.
The EA uses two timeframes. A scan timeframe, which is D1, is used to judge the larger directional picture. A signal timeframe, which is M15, is used to pick the actual entry once the daily read is in place. You only attach the EA to the D1 chart; the switch to M15 is internal.
The inputs describe an upper and a lower band that mark the recent range of volatility, plus three separate filters labelled A, B and C. A trade is only opened when the band logic and the filters agree. The exact calculations are not published in detail, so use the demo account to see how often it trades and how it behaves around news and wide spreads.
The EA is built for XAUUSD only. Attach it to a D1 chart of your broker's gold symbol. Some brokers add a prefix or suffix to the name, so check that the symbol you use is the gold spot instrument and that automated trading is permitted on it.
Exact default values can differ between builds, so open the input tab after attaching the EA and read each field before going live. The main inputs are listed below.
| Input | Purpose |
|---|---|
| Scan TF | Timeframe used for the broader market read (D1) |
| Signal TF | Timeframe used to time the entry (M15) |
| UP Band / DOWN Band | Control the volatility boundaries used by the logic |
| Filter A, B, C | Confirmation layers that must agree before a trade |
| Lot Mode | Chooses balance progression or fixed lot |
| Fixed Lot or Progression (SIZE) | Flat lot size, or the balance step per 0.01 lot |
| Trailing stop | Optional exit management |
In progression mode the EA adds 0.01 lot for every block of balance set in the size field; the default block is 300 USD. A bigger number means slower growth in volume and a more cautious setup. In fixed lot mode you enter one flat size, such as 0.01, and the balance logic is not used.
Trading leveraged instruments such as gold carries a high level of risk, and you can lose more than you expect. Past results, including any shown on the MQL5 page, do not predict future ones. The absence of martingale or grid methods does not remove the chance of losses. Test on a demo account first and only trade with money you can afford to lose.
The listed minimum deposit is 300 USD with leverage of 1:30 or higher. Treat these as starting points and check them against your broker's margin rules, spreads and lot steps.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Signals, Trend, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Instrument | XAUUSD (gold) |
| Chart to attach | D1 (daily) |
| Entry timeframe | M15, handled by the EA |
| Trade style | Trend and breakout, single trades |
| Money management | Balance progression or fixed lot |
| Listed minimum deposit | 300 USD |
| Listed minimum leverage | 1:30 or higher |
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Attach it to an XAUUSD chart set to D1. The daily chart is used for the broader market read, and the EA then looks at M15 on its own to find the entry. Putting it on another timeframe will change how it behaves, so keep it on D1.
No. This product is an MT5 expert advisor and will not run on MetaTrader 4. You need a MetaTrader 5 account and terminal.
No. Each trade is a standalone position with its own stop loss and take profit. It does not add to losing positions or average down. This does not remove risk, and a single trade can still lose.
In progression mode the lot size rises by 0.01 for each block of account balance set in the size input, with a default block of 300 USD. A larger number gives a slower increase. In fixed lot mode you type a flat lot size, and the balance logic is ignored. Check your broker's lot step and margin rules before choosing.
The listed minimum deposit is 300 USD and the listed minimum leverage is 1:30. Your broker must offer gold under the symbol you attach, which may be named differently, such as XAUUSD with a suffix. Test on a demo account first and confirm the symbol, spreads and contract size with your broker.
MercatorEA
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