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ProjectX XAU is an MT5 expert advisor that scalps short-term trends on gold (XAUUSD) using a built-in trend indicator. It includes a news filter, spread limit, time controls and an on-chart panel for manual control.
Get one message the moment it launches, with its price.
ProjectX XAU is an automated scalping expert advisor for MetaTrader 5. It is built mainly for gold (XAUUSD) and looks for short-term trend moves, using an indicator that is built into the program.
The expert advisor reads short-term direction with its internal trend indicator and opens trades in the direction it detects. It also takes support and resistance behaviour into account, and a Bollinger Bands overlay is drawn on the chart so you can compare what the program sees with your own analysis. The overlay can be switched off in the inputs if you prefer a clean chart.
Trade frequency is relatively high, as expected from a scalper, so execution quality matters. Spread, slippage and commission can have a large effect on this kind of strategy.
Gold is the main target. The suggested chart for XAUUSD is M5 with the default settings. The program can also be used on several currency pairs, such as GBPCAD, EURUSD, USDCAD, GBPUSD and EURJPY, on the H1 chart with matching set files. Confirm the exact symbol names at your broker, and check that the broker allows scalping and has reasonable gold spreads.
Exact input names and defaults can change between releases, so read the input tab in your terminal. The table below summarises the areas to check.
| Area | What to check |
|---|---|
| Gold chart | Start on M5 with the default inputs |
| Currency pairs | Use H1 and load the matching set file |
| Initial lot | Begin with a very small size and observe for a few weeks |
| Maximum spread | Set a limit suited to your broker so trades are skipped when spreads are high |
| Magic number | Use a different value on every chart |
| Martingale | Optional; review before enabling |
Scalping systems depend on tight spreads and fast fills, and any averaging or martingale option can increase losses quickly during a sustained move against the position. Test on a demo account, use a small lot size and know your maximum acceptable drawdown before going live.
Trading carries risk, and you can lose some or all of your deposit. Past results, including any shown on a chart or in a test, do not predict future ones.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Trend, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Automated scalping, trend following |
| Main market | Gold (XAUUSD) |
| Other symbols | Selected currency pairs on H1 with matching set files |
| Suggested timeframes | M5 for gold, H1 for currency pairs |
| Trade style | Short-term trend scalping with support and resistance logic |
| Risk tools | Spread limit, time limit, dynamic lot, optional martingale |
| Requirements | Allow algo trading; WebRequest permission for the news filter |
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No. This product is an MT5 expert advisor and will not run on MetaTrader 4. You need a MetaTrader 5 terminal and an account that allows automated trading.
The expert advisor is designed mainly for XAUUSD, and the M5 chart is the suggested starting point with default settings. For currency pairs, the H1 timeframe is suggested together with the matching set files. Symbol names differ between brokers, so confirm that your gold symbol is available and trades normally.
In MT5 go to Tools, then Options, then the Advisors tab. Tick the option to allow WebRequest for listed URLs, add the address given in the product documentation, and press OK. If pasting the address fails, type it in by hand. Check that the address is current before relying on the filter.
Yes, but attach it to each chart separately and give every chart a different magic number. Using the same magic number on several symbols can cause orders to be mixed up.
The martingale option is described as optional and configurable. Review the input list before you start, keep it disabled unless you fully understand the added exposure, and test any change on a demo account first.
A small starting lot, such as the minimum your broker allows, is a sensible way to observe behaviour for the first few weeks. Your own balance, leverage and risk tolerance should decide the final size. Check your broker's contract specification for gold.
ProjectX XAU
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