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Midas The Golden Touch is an MT5 expert advisor for XAUUSD that places breakout stop orders from several separate engines, with a news filter, a spread filter and an on-chart dashboard.
Get one message the moment it launches, with its price.
Midas The Golden Touch is an MT5 expert advisor built for gold (XAUUSD). It does not open trades at market. Instead it places buy stop and sell stop orders at breakout levels, using several independent engines that look at different sessions and price levels.
The EA combines four separate breakout approaches. Because each one has its own lot size and magic number, you can see their trades separately in the terminal and switch any of them off.
A trailing stop moves protection forward once a position goes in your favour.
The EA uses the economic calendar built into MetaTrader 5 to remove pending orders around high-impact USD events. It does not need a DLL or WebRequest. A spread filter stops new orders being placed when the spread is wide, and the EA avoids placing orders around the broker's daily reopen, when gold spreads are often unstable.
The EA detects your broker's GMT offset and sets the hours for every engine accordingly, so you should not need to edit session times by hand. Verify the result on a demo chart first.
Use XAUUSD on the H1 chart. Other symbols are not the intended use. Brokers name gold differently, so confirm the symbol and check that it permits pending orders and the lot steps you plan to use.
Exact defaults can differ, so read the input list in the terminal after attaching the EA. The groups you will most likely use are:
| Input group | Purpose |
|---|---|
| Engine mode and enable switches | Turn the daily, London, Asian box and Fractus engines on or off |
| Lot size per engine | Set position size separately for each engine |
| Magic number per engine | Keep each engine's orders identifiable |
| News filter | Control how orders are removed around USD events |
| Spread filter | Set the largest spread allowed for new orders |
The vendor suggests keeping the filters enabled and scaling lot sizes to your balance. The default lots are intended for an account of roughly 3000 USD, so adjust them if your balance is smaller.
Trading carries risk and past results do not predict future ones. Live trading will differ from any backtest because of slippage, spread spikes and execution delay. Test on a demo account first and only risk money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (Experts folder) |
| Strategy focus | Gold or XAUUSD, Signals, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Market | Gold, XAUUSD |
| Recommended timeframe | H1 |
| Trade style | Breakout with pending stop orders |
| Order types | Buy stop and sell stop |
| Filters | USD news calendar, spread limit, broker rollover pause |
| Requirements | Hedging-capable XAUUSD account, algo trading enabled |
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No. This product is an MT5 expert advisor and cannot be loaded in MetaTrader 4. You need a MetaTrader 5 terminal and an account that offers XAUUSD.
It is designed for gold (XAUUSD) on the H1 chart. Some brokers add a suffix or use a different name for gold, so check the exact symbol name in your Market Watch before attaching the EA.
No. The EA reads your broker's GMT offset and adjusts the hours of each engine on its own. It is still sensible to confirm on a demo account that the ranges drawn on the chart match your expectations.
Yes. Each engine has its own lot size and magic number and can be disabled separately in the inputs, so you can run only the ones you want.
The vendor suggests a balance of around 3000 USD for the default lot sizes and says to scale the lots to your own balance. Check the lot inputs against your account size and your broker's contract specifications before going live.
No. The news filter uses the economic calendar built into MetaTrader 5, so no DLL imports or WebRequest permissions are required.
Midas The Golden Touch
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