QuantumAlgo Gold XAUUSD

QuantumAlgo Gold XAUUSD is an automated scalping tool for MetaTrader 5 that trades gold on the one-minute chart. It opens a position only when several independent checks agree, and every position has a stop loss from the moment it is placed.

How it works

The expert advisor combines three layers before it enters the market. If any layer does not agree, it skips the setup and waits.

1. Pattern layer. Looks for short-term price structure on M1 and compares it with the trend direction seen on M5 and M15.
2. Confidence filter. Scores each setup against current spread, volatility and trading session. Setups that score poorly are ignored.
3. Execution layer. Applies spread and slippage protection, and reduces position size when conditions look uncertain.

Each trade uses a fixed stop loss and an adaptive take profit. The system does not use grid, martingale or averaging, so it does not add to losing positions to recover them. A news and gap filter pauses new entries around high-impact volatility.

Markets and timeframes

The product is built for one instrument, XAUUSD, and the M1 timeframe. It is not meant for other currency pairs or metals. Because scalping depends on tight costs, the broker matters:

• A hedging account type on MT5.
• Low, stable spreads, typically ECN or raw-spread pricing.
• Gold quoted with two decimal places.
• Leverage that your broker sets high enough for small lot sizes on gold.

Settings

The expert advisor is intended to run on its default inputs. The developer supplies a default set and can provide an alternative set aimed at prop firm accounts. Exact parameter names and values can differ, so open the inputs tab and read each field before trading.

Risk

Scalping gold means trading a fast and volatile market where spreads, slippage and execution speed affect outcomes. A stop loss limits the loss on a single trade but cannot prevent gaps or slippage past the stop. Run it on a demo account first and move to live trading with conservative settings.

Installation

1. Open MetaTrader 5 and choose File, then Open Data Folder.
2. Copy the expert advisor file into the MQL5/Experts folder.
3. Restart the terminal or refresh the Navigator panel.
4. Open an XAUUSD chart and set it to M1.
5. Drag the expert advisor onto the chart and load the default settings.
6. Enable Algo Trading in the toolbar and allow automated trading in the expert properties.

If you use a VPS, repeat the steps there and keep the terminal connected to your broker.