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New Era Gold is an MT5 expert advisor that trades XAUUSD on the M3 chart in both directions. It uses ATR-based stops and targets, a trailing stage, an optional scale-in and a daily close of open positions.
Get one message the moment it launches, with its price.
New Era Gold is an automated expert advisor for MetaTrader 5 that trades gold against the US dollar (XAUUSD) on the three-minute chart. It looks for momentum conditions, opens positions in either direction and manages each one with an ATR-based stop loss and take profit.
The EA scans XAUUSD on M3 for periods of strong price movement and opens a trade when its entry conditions are met. It can go long or short, so it is not built around a rising gold price.
The EA has a scale-in option that can add to a position under its own rules. It increases exposure, so decide deliberately whether to leave it on, and test both ways on a demo account.
New Era Gold is designed only for XAUUSD on M3. Gold can behave very differently from one period to another, and the EA was developed around a higher-volatility environment. Trade frequency is relatively low because it waits for specific conditions, so do not expect constant activity.
Exact input names and defaults may differ in your copy, so open the EA properties and read them before trading. The main areas are:
| Area | What to check |
|---|---|
| Position size | Lot size or risk setting relative to your balance |
| Scale-in | Whether it is on, and how much exposure it can add |
| ATR stop and target | Multipliers used for stop loss and take profit |
| Trailing | When it starts and how it follows price |
| Daily close | 23:00 in server time, so confirm your broker's clock |
Trading leveraged products such as gold carries a high level of risk, and you can lose more than you expect. Past results, including back-tests, do not predict future ones. A stop loss does not rule out slippage or gaps, and spreads on gold can widen sharply around news. Test on a demo account first and only trade with money you can afford to lose.
A VPS is advisable for continuous running, and you should check that your broker's symbol name matches the chart you use.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated expert advisor |
| Market | XAUUSD (gold against the US dollar) |
| Timeframe | M3 |
| Trade style | Momentum entries, long and short, intraday |
| Stop loss and take profit | ATR-based, set on every trade |
| Daily close | Open positions closed at 23:00 server time |
| Requirements | MT5 account with XAUUSD, algo trading enabled, VPS advised |
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It is an MT5 expert advisor and will not load in MetaTrader 4. You need an MT5 account that offers gold, usually listed as XAUUSD, although some brokers add a suffix or use a different symbol name.
It is designed for XAUUSD on the M3 chart. Attach it to that chart only. Running it on other symbols or timeframes is outside its design, and you would be doing so without any basis for the results.
Copy the EX5 file into the MQL5/Experts folder via File > Open Data Folder, restart MT5 or refresh the Navigator, drag the EA onto an XAUUSD M3 chart and tick Allow Algo Trading. Also make sure the Algo Trading button in the toolbar is on.
The EA is described as working with a fixed stop loss on each trade and without martingale-style recovery. It does have an optional scale-in setting that can add exposure, so read that input carefully and test it before trading live.
Yes, the inputs are available in the EA properties window. Check the input list in your copy for exact names and defaults, such as the lot or risk settings, the scale-in option and the trailing behaviour, and test any change on a demo account first.
It should work with brokers offering XAUUSD on MT5, but spreads, commissions, execution speed and server time differ between them. Because the EA closes positions at 23:00 server time, check your broker's server time offset before going live.
New Era Gold
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