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MPGold is an MT5 expert advisor for gold (XAUUSD) that places pending Buy Stop and Sell Stop orders to catch breakouts on M1. Its strategy logic is fixed and only a handful of settings are exposed.
Get one message the moment it launches, with its price.
MPGold is an expert advisor for MetaTrader 5 that trades breakouts on gold (XAUUSD). It waits for price to compress, places pending stop orders on both sides of the market and then manages any filled position by a fixed sequence of rules.
When the market goes quiet and the range tightens, MPGold places a Buy Stop above price and a Sell Stop below it. If a sharp move fills one of the orders, the position is handed to a built-in management routine. The idea is to take part in fast moves rather than to predict direction in advance.
The system can also use a second layer of pending orders, which you can switch on or off.
Some safeguards are part of the logic and cannot be turned off. Trading pauses for the day after two consecutive losses or when the daily drawdown limit is reached, and it re-arms automatically on the next day. Positions without protection are closed by a time-based exit. The trading window is tied to New York time, and the EA works out your broker's GMT offset on its own.
MPGold is built for XAUUSD on the M1 chart. Use it on a live account with a tight spread and low slippage, ideally raw or ECN, because breakout entries are sensitive to execution costs. A VPS is recommended so the EA stays connected during the trading window. Behaviour is regime dependent: it tends to suit volatile, news-driven periods and can be quiet or weaker at other times.
Only a few inputs are exposed. The strategy parameters are locked, so there is little to optimise. Check the input tab after attaching the EA for the exact names and defaults on your copy.
| Setting | Purpose |
|---|---|
| Lot size | Position size for each trade |
| Second layer | Turns the additional pending order layer on or off |
| Maximum spread | Blocks new orders when spread is too wide; the default is 50 points |
| Magic number | Identifies the EA's orders from other trades |
| CSV log | Writes a log file you can review |
The published backtests used 1.0 lot per 10,000 of balance, which is an aggressive profile. Halving it gives a more moderate one. Start smaller than you think you need and increase only after observing how it behaves on your broker.
Trading carries risk, and you can lose some or all of your deposit. Backtest and past results, real or simulated, do not predict future ones. This EA was not designed for prop firm challenges, so check your provider's rules before use.
Test on a demo account first to confirm that spreads, execution and symbol naming suit the EA.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Symbol | XAUUSD (gold) only |
| Timeframe | M1 |
| Trade style | Breakout with pending stop orders |
| Account type | Low-spread account, raw or ECN preferred |
| Hosting | VPS recommended |
| Exposed settings | Lot size, second layer, max spread, magic number, CSV log |
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No. This product is built for MetaTrader 5 only. It will not load in MetaTrader 4, so make sure your broker offers an MT5 account before you buy.
Attach it to an XAUUSD chart on the M1 timeframe. The EA is designed only for gold. On other symbols it stays functional for safety, but it was not built for them and you should not expect sensible behaviour there. Check that your broker's gold symbol name matches XAUUSD or a close variant.
No. The EA works to a trading window based on New York time and detects your broker's GMT offset itself, so there is no time zone input to configure.
It was not designed for prop firm challenges. Automated trading of this kind may break the rules of some funded-account providers, so read your provider's terms before you use it.
A live account with low spread and low slippage, such as a raw or ECN account, is recommended. The maximum spread input defaults to 50 points. Higher spreads can reduce results noticeably, so test on your own broker before trading real money.
Start conservatively relative to your balance. The published backtests used 1.0 lot per 10,000 of balance, which is an aggressive profile, and half of that is a more moderate one. Trading carries risk and past results do not predict future ones, so size positions to a loss you can accept.
MPGold
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