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OctoGold is an MT5 expert advisor for gold that runs 16 strategies, most of them trend-based, on XAUUSD. It supports news filtering, extra account protections and prop-firm style settings.
Get one message the moment it launches, with its price.
OctoGold is an expert advisor for MetaTrader 5 that trades gold. Instead of relying on one entry method, it runs 16 separate strategies side by side, and most of them follow the trend.
Each strategy inside OctoGold has its own entry logic, stop loss and take profit. Splitting the work across many strategies is intended to spread the dependence on any single market behaviour, so one weak setup should matter less to the overall account curve. The author describes the trading frequency as medium, so you should expect trades to appear regularly but not constantly.
The bias toward trend-following reflects the long-term upward drift of gold. That does not mean every period is favourable. Gold can range or reverse for long stretches, and the author notes that some periods show small losses in testing.
Attach it to one gold chart. Confirm the exact symbol name your broker uses before you start.
The default indicator settings are the recommended starting point. Beyond that, the expert advisor offers several groups of inputs. The exact names and values can differ between releases, so open the inputs tab and read each description before trading.
| Setting area | What to check |
|---|---|
| Lot size | Match it to your balance and risk tolerance. Start small and test on a demo account first. |
| Money protections | Optional account-level limits. These do not show up in the strategy tester, only on demo or live accounts. |
| News filter | Optional. Decide whether to pause trading around scheduled news. |
| Prop settings | Adjust the limits to the rules of your prop firm. |
The author supplies a long backtest on MetaTrader 5 demo data. Data quality for gold differs between brokers and years, so your own test can look different. Run your own tests on your broker's data, and then forward-test on a demo account before risking real money. Use the tool over a longer period rather than judging it on a few trades.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests, do not predict future ones. Increasing the lot size raises both potential gains and potential losses, so size positions with care.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, multi-strategy |
| Markets | Gold: XAUUSD (some brokers name it GOLD) |
| Timeframes | M30, H1, H4; H1 is the main choice |
| Trade style | Mostly trend-following, medium trading frequency |
| Stops and targets | Set by each strategy |
| Account suggestion | Low-cost, low-spread, low-swap broker; VPS advised |
| Extras | News filter, money protections, prop settings |
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It is built for MetaTrader 5 only. It will not load in MetaTrader 4, so check that your broker offers an MT5 account before you buy.
Use gold, usually called XAUUSD and sometimes GOLD, depending on the broker. The supported timeframes are M30, H1 and H4, and H1 is the one the author favours. Confirm the exact symbol name in your Market Watch.
Copy the expert advisor file into the Experts folder via File > Open Data Folder > MQL5 > Experts, then restart MetaTrader 5 or refresh the Navigator. Drag it onto a gold chart, allow algorithmic trading, and review the inputs before enabling live trading.
The author suggests a starting balance of around 1000 EUR or equivalent, and leverage of at least 1:30, with 1:100 preferred. Lot size should scale with your balance and risk tolerance. Check the current recommendations on the product page and test on a demo account first.
The expert advisor includes settings meant for prop-firm style rules, plus optional news filtering and extra protections. Prop firms differ in what they allow, so read your firm's rules on automated trading and set the limits to match.
It is not technically required, but a VPS is recommended so the expert advisor stays connected and can manage open trades without interruption.
OctoGold
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